The present research aims to analyze two archetypal 20th century development strategy cases: Brazil's and South Korea's. During the last century, both countries had been experiencing catching up processes, but by the 1980's Brazil started to lag behind while South Korea began to technologically...

In the 1980s and 1990s, rapid market oriented reforms, liberalization and privatization (“shock therapy”) in developing and transformational countries caused economic and social problems that began to undermine the legitimacy of political democratization and market reforms itself. Scholars...