Abstract
There is basically nothing wrong in borrowing, because this was the pattern common to now advanced, former developing countries. Both Asian and Latin American NICs, intent on industrialisation helped by foreign borrowing, had shown rapid growth through the 1970s. Debt-dependent growth patterns had been more or less common to both, but had not yet posed any serious problem. The world of the 1970s had seen the two oil shocks and the boom of primary products.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
Donges, J.B., ‘A Comparative Survey of Industrialization Policies in Fifteen Semi-Industrial Countries’, Wiltwirtschaftliches Archiv, Bd. 112, 1976, Heft 4.
World Bank, World Development Report 1986, Washington DC, 1987.
K. Abe, and M. Nagizadeh, ‘Iranian Economic Development’, Economic Studies, Chiba University, July 1987.
IMF, World Economic Outlook, 1986.
L.E. Harrison, Underdevelopment Is a State of Mind: The Latin American Case, Harvard University Press, 1985.
Khang, Chulsoon, ‘Export-led Economic Growth’, The Economic Studies Quarterly, vol. 38, No. 2, June 1987.
Jose L. R. Velez, ‘America Latina: De donde viene y hacia donde va?’, Lecturas de Economia, No. 20, Medellin, mayo-agosto 1986.
Editor information
Editors and Affiliations
Copyright information
© 1989 H. W. Singer and Soumitra Sharma
About this chapter
Cite this chapter
Abe, K. (1989). A Comparative Study of the Economic Development and Debt Problem of Asian and Latin American NICs. In: Singer, H.W., Sharma, S. (eds) Economic Development and World Debt. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20044-3_31
Download citation
DOI: https://doi.org/10.1007/978-1-349-20044-3_31
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-20046-7
Online ISBN: 978-1-349-20044-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)