Is Capitalism Right for the Third World?
The very word “capitalism” offends many people to whom it suggests a jungle-world of unfettered market forces, driven by greed, in which the rich become richer and the poor are neglected or exploited. Can this be the “development” we want for poor countries?
KeywordsEurope Income Malaysia Indonesia Harness
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Notes and References
- 1.Moises Naim, Latin America’s Journey to the Market (Panama City: International Ccnter for Economic Growth, 1995).Google Scholar
- 4.Simon Kuznets, Towards a Theory of Economic Growth (New York: Doubleday, 1956.)Google Scholar
- 5.Nancy Birdsall and Richard Sabot: “Inequality, Exports and Human Capital in East Asia: Lessons for Latin America”, in Redefining the State in Latin America (Paris: OECD, 1994).Google Scholar
- 6.Peter L. Berger, The Capitalist Revolution (Basic Books, 1986), p. 74.Google Scholar