Globalization and Development

Why East Asia Surged Ahead and Latin America Fell Behind

By: Anthony Elson

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eText | 10 December 2013

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Comparing the experience of East Asia and Latin America since the mid-1970s, Elson identifies the key internal factors common to each region which have allowed East Asia to take advantage of the trade, financial, and technological impact of a more globalized economy to support its development, while Latin America has not.