Development Policy and Its Determinants in East Asia and Latin America
- 1 April 1994
- journal article
- research article
- Published by Cambridge University Press (CUP) in Journal of Public Policy
- Vol. 14 (2) , 205-242
- https://doi.org/10.1017/s0143814x00007443
Abstract
A policy-focused human capital approach to development, incorporating industrial policy but stressing land reform, education, and labor-intensive production, is used to explain why South Korea and Taiwan have developed more successfully since 1960 than Argentina, Brazil, or Mexico. The policy-focused human capital approach is contrasted to free-market and cultural-values approaches.Keywords
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