An explanation is sought for the Asian economic"miracle" that occurred between the 1960s and 1990s. Theories about theeconomic growth can be divided into two groups. Accumulation theories stressthe role of investments in moving the inputs and outputs along their productionfrictions. Assimilation...

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.

Japan, South Korea, and Taiwan are regarded as primary examples of countries that have derived great benefits from increasing integration with the international economy, without surrendering national autonomy in the economic or cultural spheres, by pursuing decidedly nonneutral policies with...