Latin America and the "High Performing Asian Economies": Growth and Debt

Weeks, John

Abstract

Prior to the Asian financial crisis, it was accepted wisdom to compare the growth of Latin America unfavourably to that of a selection of East and Southeast Asian countries (the so‐called high performing Asian economies). This paper presents statistics that indicate that the differences in performance may have been less than as commonly presented. A modified Harrod–Domar model is applied to the Latin American countries, and the results suggest that a major determinant of slower growth in Latin America was the debt service burden.

Citation

Weeks, J. (2000). Latin America and the "High Performing Asian Economies": Growth and Debt. Journal of International Development, 12(5), 625-654. https://doi.org/10.1002/1099-1328%28200007%2912%3A5%3C625%3A%3AAID-JID652%3E3.0.CO%3B2-O

• Journal Article Type: Article
• Publication Date: Aug 1, 2000
• Deposit Date: Feb 24, 2009
• Journal: Journal of International Development
• Print ISSN: 0954-1748
• Electronic ISSN: 1099-1328
• Publisher: Wiley
• Peer Reviewed: Peer Reviewed
• Volume: 12
• Issue: 5
• Pages: 625-654
• DOI: https://doi.org/10.1002/1099-1328%28200007%2912%3A5%3C625%3A%3AAID-JID652%3E3.0.CO%3B2-O
• Publisher URL: https://www.soas.ac.uk/economics/research/workingpapers/file28889.pdf