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Pathways from the Periphery - The Politics of Growth in the Newly Industrializing Countries (Paperback, New)
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Pathways from the Periphery - The Politics of Growth in the Newly Industrializing Countries (Paperback, New)
Series: Cornell Studies in Political Economy
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Pathways from the Periphery is an innovative interpretation of the
development of the newly industrializing countries (NICs) which now
dominate Third World industry and manufacturing trade. While such
countries as Brazil and Mexico have achieved industrialization
through strategies intended to foster self-reliance, the East Asian
NICs-South Korea, Taiwan, Hong Kong, and Singapore-have grown
rapidly through an aggressive policy promoting the export of
manufactured goods. Stephan Haggard provides the first
comprehensive comparison of the politics of industrialization in
these East Asian and Latin American countries and offers new
evidence on current issues in comparative political economy,
including the implications of different growth paths for
dependency, equity, and democracy. Recognizing the influence on
development strategies of external shocks-such as depression, war,
and reduced access to foreign capital-Haggard emphasizes the
importance of domestic political institutions for economic
decision-making. The East Asian NICs are characterized by close but
regulated business-government alliances, weak labor movements, and
politically insulated and administratively capable states: factors,
Haggard shows, that have facilitated flexible and coherent
industrial policies. He argues that "domestic" policy choices can
shape the external constraints states face. The author considers in
detail why Latin America's long-standing efforts to achieve
self-reliance have ironically resulted in a dependence on
international capital greater than that of the East Asian
countries. Addressing a long-standing debate on the relationship
between industrialization strategy and regime type, Haggard
carefully assesses the connection between growth and democratic
politics. Despite their authoritarian growth models the Asian NICs
have, he observes, achieved greater equity than their Latin
American counterparts. Although the "success" of export-led growth
has in the past been associated with authoritarian rule, Haggard
argues that no compelling theoretical reasons preclude democratic
governments from achieving strong economic performance. Breaking
new ground in theoretical inquiry and empirical research, Pathways
from the Periphery will be welcomed by political economists,
scholars and students of comparative politics, historians of Asian
and Latin American public policy, and others concerned with the
challenge of economic development.
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