Latin America vs East Asia: A Comparative Development Perspective

Charts, Tables, Preface, 1 Introduction, 2 Policy Reforms, International Competitiveness, and Export Performance: Chile and Argentina versus Taiwan and South Korea, Introduction and Summary, Comparative Export and Macroeconomic Performances, Differences in Trade Policy Reform during the 1960s, Divergence in the Controi of Inflation and Unit Labor Costs, Policy Reforms in Chile and Argentina in the 1970s, Conclusions, 3 Policy Response to Externai Shocks: Brazil versus Taiwan and South Korea, Introduction and Summary, Comparative Macroeconomic Performance, before and after the First Oil Shock, Price Stabilization and Externai Adjustment after the First Oil Shock, Policy Response to the Second Oil Shock, Conclusions, 4 Controlling Rapid Inflation: East Asia versus Latin America, Introduction and Summary, Divergence in Inflation and Stabilization, Disparity in Policy and Institutionai Reforms, Interactions between Export Growth and Domestic Price Stability, Consequences of Divergent Policy Responses to the Worsening in the Global Environment, Conclusions, Epilogue, 5 Summary and Conclusions, Divergence in the Pattern of Economic Growth before the First Oil Shock, The Mechanism of the Virtuous Circle in the East Asian Growth Process, The Mechanism of the Vicious Circle in the Latin American Growth Process, The Controi of Hyperinflation and the Reform of Key Institutions and Trade Policies in East Asia, The Inadequacy of Stabilization Efforts and Trade Policy Reforms in Latin America, The Extensive Policy Reforms in Chile and Argentina during the 1970s and Their Outcomes, The Problems with the Southern Cone Reform Attempts in Light of the East Asian Reform Experiences, Brazil's Policy Response to Externai Shocks in the 1970s, Compared to Taiwan and South Korea, The Need for a Thorough Reexamination of Basic Policy Approaches to Economic Development and Price Stabilization in Latin America, Notes, Selected Bibliography, Index, About the Author