The Political Economy of Growth in East Asia: A Perspective on the State, Market, and Ideology
The Political Economy of Growth in East Asia: A Perspective on the State, Market, and Ideology
This chapter discusses the impact of differences in initial conditions and international environments on the developmental strategy between Latin America and East Asia (Korea and Taiwan). The unique imprint of Japanese colonial legacies on the bureaucratic nature of the state in Korea and Taiwan, and its relations with business and agrarian interests are elucidated. How the specific geopolitical positions of these two economies affect their developmental strategies as well as their capabilities to extract ‘rent’ from the United States during the Cold War is discussed.
Keywords: Korea, Taiwan, Latin America, geopolitics, rents
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