Treading the unexplored theoretical terrain created by the simultaneous decline of the Washington Consensus and Asian developmentalism, this book analyzes the comparative political economy of East Asia and Latin America.

Because their economies were regulated, their financial systems 'repressed' and their states interventionist, for many years the countries of East Asia challenged the Washington consensus, offering an alternative development paradigm. However, in the 1990's, Asian capitalism was disrupted following Japan's stagnation and the financial crisis of 1997-98. Treading the unexplored theoretical terrain created by the simultaneous decline of the Washington Consensus and Asian developmentalism, this revealing book analyzes the comparative political economy of East Asia and Latin America. Divided into four key sections, this book covers: - Theoretical Framework - Results of Globalization - Converging and Diverging of Paths of Economic Development - Finance and Regionalism Through the juxtaposition of countries in East Asia and Latin America, leading academics analyze the impact of government intervention, institutional malfunction, social transformation and financial change as well as conflict and power on economic development. This book will prove to be invaluable to students and academics of development economics.

Introduction
Makoto Noguchi, - Globalism and Developmentalism"
Part I Theoretical Framework
Ch. 1
Ben Fine, - Beyond the Developmental State: Towards a Political Economy of Development"
Ch. 2
Makoto Noguchi, - Can Asia Find Its Own Way of Development? Corporate Governance, System Conflict and Financial Crisis"
Part II Results of Globalization
Ch. 3
Roberto Frenkel, - Argentina: A Decade of the Convertibility Regime"
Ch. 4
Dae-Hwan Kim, - State and Development in Korea after the Asian Crisis"
Ch. 5
Jaime Aboites and Mario Cimoli, - Intellectual Property Rights and National Innovation Systems: Lessons from Mexico and Korea"
Part III Converging and Diverging of Paths of Economic Development
Ch. 6
K.Sundaram Jomo, - What Remains of the East Asian Model?"
Ch. 7
Tomo Marukawa, - Evolutionary Privatization in China"
Ch. 8
Makoto Sano, - Is East Asia Becoming - Latin Asia"? Lessons from the - Brazilian Miracle"
Part IV Finance and Regionalism
Ch. 9
Ilene Grabel, - Neoliberal Financial Integration and Financial Crisis in Emerging Economies"
Ch. 10
Costas Lapavitsas, - Bank-based versus Market-based Financial Systems: Insights from the History of Economic Thought"
Ch. 11
Hitoshi Hirakawa, - East Asia and the Development of Regionalism"