This book offers a new perspective in studying contemporary development. Part I explores how the ending of the cold war, shifting relations among capitalist powers, changing patterns of finance, globalization of trade and production, and new ideological currents have altered development in four major third-world regions. Part II suggests how development options were molded by the dominant international power in each region: the United States in Latin America, Japan in East and Southeast Asia, and Europe with the international financial institutions in Africa. Part III provides a conceptual framework for analyzing regional performance: variation in economic capacity, trade opportunities, and access to finance shaped the development chances of each region, producing rapid growth in Asia, stagnation in Latin America, and economic contraction in sub-Saharan Africa during the 1980s and early 1990s. It also speculates about future trends based on varying development models.
This book offers a new perspective in studying contemporary development. Part I explores how the ending of the cold war, shifting relations among capitalist powers, changing patterns of finance, globalization of trade and production, and new ideological currents have altered development in four major third-world regions. Part II suggests how development options were molded by the dominant international power in each region: the United States in Latin America, Japan in East and Southeast Asia, and Europe with the international financial institutions in Africa. Part III provides a conceptual framework for analyzing regional performance: variation in economic capacity, trade opportunities, and access to finance shaped the development chances of each region, producing rapid growth in Asia, stagnation in Latin America, and economic contraction in sub-Saharan Africa during the 1980s and early 1990s. It also speculates about future trends based on varying development models.
The way external forces influence political and economic outcomes in developing countries is an ongoing concern of scholars and policymakers. In the 1970s and 1980s, dependency analysis was a popular way of approaching this topic, but it later fell into disrepute. This Element argues that it may be useful to revamp dependency to interpret China's new relationships with developing countries, including Latin America. Economic links with China have become important determinants of the region's development. Stallings discusses the dependency debates, reviews the way dependency operated in the US-Latin American case, and analyzes the growing Chinese presence within a dependency framework.
This account of the interplay of politics and economics in Chile in three successive administrations ending with the 1973 coup suggests that social class plays a major role in determining the outcome
Access to finance is critical in setting the course for development in emerging market economies. In this innovative study, which provides the first book-length analysis of the Latin American financia
This book offers a new approach to studying foreign aid in the 21st century. While most analysts focus on the differences between traditional and emerging donors, Stallings and Kim here argue that a m
This book argues that Latin America must confront two main challenges: greater innovation to increase productivity, and greater inclusion to incorporate more of the population into the benefits of eco
Despite abundant scepticism about their economic benefits, Free Trade Agreements (FTAs) have proliferated at a rapid pace. Policy diffusion modelsexplain how different sets of preferential trad
