Emerging Market Democracies
East Asia and Latin America
The end of the Cold War, the "third wave" of democratization, and economic globalization have presented the newly industrialized countries of East Asia and the liberal democracies of Latin America with increasingly similar international opportunities and constraints. During the 1980s, Latin America made great strides in democratization, while East Asia led the world in economic growth. Are the two regions now converging toward a model that combines economic and political liberalization? Many developments in both regions indicate that this is a serious possibility. Although significant countertrends do exist, there is now increased scope for mutual support and encouragement among aspiring democratic forces both within and between these two regions. This book examines these interrelated issues, paying special attention to the effects of the East Asian financial crisis of 1997–98 and its subsequent impact on Latin America.
Contributors: Ananya Basu, World Bank; Francis Fukuyama, School of Advanced International Studies, Johns Hopkins University.; Stephan Haggard, University of California-San Diego; Elizabeth M. King, World Bank; Sanjay Marwah, George Mason University; Sylvia Maxfield, Harvard University; Eduardo Silva, University of Missouri-St. Louis and University of Miami; Gordon Redding, University of Hong Kong; Tun-jen Cheng, College of William and Mary; Yun-han Chu, National Taiwan University; Laurence Whitehead, Oxford University.
About the Author
Laurence Whitehead is a professor at Nuffield College at Oxford University.
The contributors to the the book make a strong argument that although these two regions seem rather disparate, recent developments indicate that there is strong potential for convergence between them.
A number of the articles in this book are truly outstanding.
Emerging Market Democracies provides useful insights into topics that connect market economies to various nations' politics, especially efforts at democratization, and compares and contrasts two important regions of the world in their quests for modernization.
This book is a good start for cross-regional analysis of the political economy of East Asia and Latin America.
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