The paper aims to communicate to the Latin American audience both factual evidence regarding the Asian experience, and the possible implications of this historical legacy for contemporary Latin American economic development strategies.

This paper tries to untangle the causes behind the recent real exchange rate overshooting events with particular attention paid to the Sudden Stop of capital flows, and also to the comparison across the two emerging markets, Asian and Latin America. We examine whether the sudden stop of capital...

In this paper we argue that the main difference between the crises is their degree of anticipation. In particular the Asian crises was widely unanticipated, while the Argentinean and Brazil crises were anticipated.

We begin with a brief overview of Chilean firms responses to the globalization pressures originated by the economic liberalization in Chile since 1975 and in the rest of Latin America since 1985. One of these responses was the rise of Chilean outbound foreign direct investments across Latin...