TURNING LOANS INTO BONDS: LESSONS FOR EAST ASIA FROM THE LATIN AMERICAN BRADY PLAN

2004 ◽  
Vol 01 (01) ◽  
pp. 185-200 ◽  
Author(s):  
ROSS P. BUCKLEY
Keyword(s):  
2021 ◽  
pp. 1-19
Author(s):  
Sidney Xu Lu

Abstract This article explains how the US westward expansion influenced and stimulated Japanese migration to Brazil. Emerging in the nineteenth century as expanding powers in East Asia and Latin America, respectively, both Meiji Japan and post-independence Brazil looked to the US westward expansion as a central reference for their own processes of settler colonialism. The convergence of Japan and Brazil in their imitation of US settler colonialism eventually brought the two sides together at the turn of the twentieth century to negotiate for the start of Japanese migration to Brazil. This article challenges the current understanding of Japanese migration to Brazil, conventionally regarded as a topic of Latin American ethnic studies, by placing it in the context of settler colonialism in both Japanese and Brazilian histories. The study also explores the shared experiences of East Asia and Latin America as they felt the global impact of the American westward expansion.


Book Reviews: Political Ideas, Hobbes's Science of Politics, Adam Ferguson: The History of Civil Society, The Works of Joseph De Maistre, Rosa Luxemburg, Marxism in Modern France, Marxist Ideology in the Contemporary World, The Moral Challenge of Communism, The Principles of Politics, Pacifism: An Historical and Sociological Study, The Pacifist Conscience, Pacifisme Et Internationalisms, Non-Violent Action: Theory and Practice, The Mafia and Politics, The Honoured Society, The Foundations of Freedom, The Real World of Democracy, The Left in Europe since 1789, Conflict in Society, The Study of Society, Communication and Political Power, Greater London: The Politics of Metropolitan Reform, Guide to Decision: The Royal Commission, Tizard, A Peril and a Hope, The Scientific Estate, Cases and Materials on Constitutional and Administrative Law, Occasional Papers on Social Administration: No, Land Values, Pensions and Public Servants, Public Sector Pensions, The Responsible Society: The Ideas of Guild Socialism, The Growth of the British Party System, The Government of Northern Ireland: Public Finance and Public Services 1921–1964, An Atlas of European Affairs, Nordic Cooperation: Conference Organised by The Nordic Council at Hasselby, 2–4 June 1965, L'Union Economique Belgo—Luxembourgeoise: Experiences Et Perspectives D'Avenir, Western European Integration, Walter Hallstein: Bibliographie Seiner Veroffent-Lichungen, Europäische Gegenwart: Schriften Zur Europapo-Litik, Columbia Essays in International Affairs, European Challenge. Tuairim Pamphlet No. 11, The Uneasy Entente, The European Idea, Atomic Energy Policy in France under the Fourth Republic, Private Interest and Public Policy, Verbände Und Gesetzgebung, Wohin Treibt Die Bundesrepublik?, The Germans and their Modern History, Wirtschaft Und Politik in Deutschland, Demogratic Parties in the Low Countries and Germany, The Political Vocation, Private Power and American Democracy, The National Guard in Politics, Envoy Extraordinary, Nehru: A Contemporary's Estimate, The Philosophy of Mr. Nehru, Nehru: The Years of Power, Apprentice to Power: India, 1904–1908, Dawn of Renascent India, The Congress Ideology and Programme, 1920–47, South Asian Affairs, Number Two: The Movement for National Freedom in India, The Political Philosophy of M. N. Roy, Sarojini Naidu: A Biography, The Collected Works of Mahatma Gandhi (1884–1911), Conquest of Violence: The Gandhian Philosophy of Conflict, Gandhi and the Nuclear Age, Research on the Bureaucracy of Pakistan, Political Development in Pakistan, Buddhism or Communism, Religion and Politics in Burma, Communism in Africa, African Powder Keg, The Political Awakening of Africa, Pan-Africanism and East African Integration, Britain and the Commonwealth, Governments of the Commonwealth, Commonwealth for a Colour-Blind World, Unscrambling an Empire, A Decade of the Commonwealth, 1955–1964, The Establishment of the Department of Trade: A Case-Study in Administrative Organization, Administrative Questions and Political Answers, Planning and Forecasting in New Zealand, Decisions: Case Studies in Australian Administration, Economic Development, Politics of the Developing Nations, The Rise and Fall of Western Colonialism, The Political Basis of Economic Development, Political Oppositions in Western Democracies, Mathematics and Politics, The New Utopians, Symbols of American Community 1735–1775, The Case of Richard Sorge, An Instance of Treason, The Roots of Appeasement, Silesia, Yesterday and Today, Teuton and Slav, The Transfer of the Sudeten Germans, The Reluctant Ally, Rumania: Russia's Dissident Ally, The New Eastern Europe, Problems of National Strategy, Decision-Making for Deffnce, International Political Communication, Propaganda and the Cold War, The Effect of Independence on Treaties, United Nations and Domestic Jurisdiction, Cambridge Essays in International Law, The Inductive Approach to International Law, Politics and Power, Eine Welt Oder Keine?, The Dynamics of International Organization: The Making of World Order, International Behaviour: A Social-Psychological Analysis, Diplomatic Investigations, Theory and the International System, Annihilation and Utopia, The State of War, Nationalism Old and New, Dimensions Du Nationalisme, Protest in Tokyo: The Security Treaty Crisis of 1960, Soviet Strategies in South-East Asia, Defeating Communist Insurgency, towards Peace in Indo-China, South Vietnam: Nation under Stress, Communism in North Vietnam, Vietnam: History, Documents and Opinions on a Major World Crisis, Vietnam and the United States, Thailand and the Struggle for South-East Asia, Thailand and the United States, South-East Asia's Second Front, South Asia, International Economic Integration, Communist Economic Challenge, The Third World, The Economics of Competitive Coexistence, U.S, The Western Hemisphere Idea: Its Rise and Decline, American Support of Free Elections Abroad, The United States and Latin American Wars 1932–1942, The Unwritten Alliance, The Pan-American Federation of Labor, A Latin American Common Market?, Proceedings of a Seminar on Commonwealth Responsibilities for Security in the Indo-Pacific Region. Australian Institute of International Affairs and the Australian National University Defence Studies Project, The Anzus Treaty Alliance, Australian Policies and Attitudes Towards China, World Politics in the General Assembly, The United Nations in the Balance, United Nations: Then and now, The Glasshouse: The United Nations in Action, The Trauma of Decolonization: The Dutch and West New Guinea, De L'Impérialisme À La Décolonisation, Self-Determination Revisited in the Era of Decolonisation, The Elephants and the Grass, Afro-Asia and Non-Alignment

1967 ◽  
Vol 15 (2) ◽  
pp. 217-289
Author(s):  
Michael Levin ◽  
J. W. N. Watkins ◽  
A. S. Skinner ◽  
Alan Ryan ◽  
John Plamenatz ◽  
...  

2002 ◽  
Vol 22 (4) ◽  
pp. 613-634 ◽  
Author(s):  
MARCELA MIOZZO

ABSTRACT East Asian countries have been successful at specialising in machinery and capital goods. Latin American countries, on the other hand, have retreated from these sectors, reinforcing their specialisation in resource-intensive goods. Institutional arrangements in place in both regions explain these divergences. In particular, the differences in the strategy and structure of leading firms, the nature of industrial promotion by the government, the development and support of small and medium-sized firms and the operation of foreign-owned firms may explain the respective success and failure in sectoral specialisation in machinery. Failure to develop these sectors may hinder the process of economic development.


2020 ◽  
Vol 10 (513) ◽  
pp. 29-35
Author(s):  
M. I. Chepeliuk ◽  

The COVID-19 pandemic has become a challenge for the global community and has led to a sharp downturn in the economies of many countries around the world. In January 2020, the IMF said that the world is heading towards a new Great Depression, as there is a trend similar to the situation of the 1920s. Hence, according to forecasts, the rate of economic growth in East Asia and the Pacific region by the end of 2020 will decrease to 0.5% and will reach the lowest level since 1967, being a reflection of the shocks associated with the pandemic. In China, extremely restrictive measures have led to an almost complete halt in business activity in some sectors and regions. China’s economic growth is expected to slow to 1% in 2020. Economic activity in the rest of East Asia and the Pacific region is projected to decline by 1.2% in 2020 and will recover to 5.4% in 2021. The economic consequences of the COVID-19 pandemic have had a detrimental impact on the countries of Europe and Central Asia, with the overall recession to 4.7% as forecasted for 2020. In the Middle East and North Africa, a 4.2% decline in economic activity is forecasted, because of the development of the pandemic and the collapsed oil market. In South Asia, as a result of measures to mitigate the effects of pandemics and collapse of global demand, have sharply fallen the volumes of industry, services and trade activities. The effects of the pandemic and the drastic fall in global commodity prices was a crushing blow for Latin American and Caribbean countries. A sharp slowdown in the economies of U.S. and China has disrupted supply chains to Mexico and Brazil and caused a stark drop in exports from Chile and Peru. The downturn in tourism has also had negative consequences. Such statistics confirm the opinion of many leading scholars in the world that the result of the COVID-19 pandemic will be a decrease in the level of hyperglobization of the world economy. In addition, a move away from U.S.-oriented globalization and a shift toward China-oriented globalization will also be likely.


2022 ◽  
pp. 1-19
Author(s):  
Edwin M. Truman

The Latin American debt crisis consumed the 1980s and was not restricted to Latin America. Starting from the August 1982 Mexican weekend, the crisis had three phases: Concerted Lending (1982-5), Baker Plan (1985-9) and Brady Plan (1989 to mid 1990s). This article describes the evolution of the debt strategy and the road to embracing debt write-downs at the end of the decade. In the absence of an external coordinating mechanism, four groups of parties had to reach agreement on any change in the strategy: the borrowing countries, their commercial bank lenders, the home-country authorities of those lenders, and the International Monetary Fund as the principal international institution. Each group could effectively veto any change in the strategy. This need for consensus is lesson number one from the 1980s for today. Lesson number two is that political economy aspects dictated that the strategy be implemented on a case-by-case basis. The article concludes with an application of these lessons to a similar, but even more global, potential debt crisis in the wake of the COVID pandemic.


2001 ◽  
Vol 34 (1) ◽  
pp. 94-119 ◽  
Author(s):  
HANS STOCKTON

Institutionalized parties and party systems have traditionally been viewed as necessary conditions for democracies to function effectively. Although this area of research is germane to all democracies, most analyses have been divided by regional investigation. Seeking to bridge the gap, this article applies concepts and measures of institutionalization from the study of Latin America to Pacific Asia's two most prominent cases of democratic transition, South Korea and Taiwan. An effort is made to apply the approaches of Dix and Mainwaring and Scully on party and system institutionalization in Latin America to South Korea and Taiwan. Cross-national comparison reveals a curvilinear relationship between institutionalization and consolidation. Taiwan's path to consolidation has been predicated on a pattern very similar to those taken by Latin American cases, whereas South Korea, theoretically, should not be as close to consolidation as it is.


2004 ◽  
Vol 36 (4) ◽  
pp. 743-770 ◽  
Author(s):  
JÖRG FAUST

Latin American countries have a long tradition of attempting to diversify their external relations. In this context, since the end of the Cold War East Asia has gained increasing importance. However, despite the rising interest in improved political and economic links, these attempts at diversification showed only modest results, Chile being a noteworthy exception within this overall trend. The following analysis presents an empirical overview of the development of relations between Latin America and East Asia with special emphasis on Chile, demonstrating how domestic transformation has affected the Asia-Pacific policies of Latin American countries. The main conclusion is that while in most countries domestic conflicts over the future course of political and economic development have hampered the creation of a consistent Asia-Pacific policy, the elite settlement in Chile has enabled strategic actors to create a policy network which provides the institutional basis for successfully diversifying external relations to East Asia.


1995 ◽  
pp. 97-177
Author(s):  
John Borrego

In order to understand the processes related to integration and development in the East Asian and Latin American societies this paper attempts to place those processes in the larger context of cycles of world accumulation. Many of the societies in East Asia, Latin America, and the South, in general, were integrated into the world economy during previous cycles of hegemony and accumulation. However, in the American cycle, and particularly at the height of this cycle, East Asia was developed while most of Latin America continued to experience truncated development. How do we understand these different trajectories? We argue that the best way to understand the different processes of integration and development in these two regions during the current historical period of global capitalist accumulation is to see them all as housed in a transition period between the waning American cycle of hegemony in the world economy and a new, as yet undefined cycle. We will look at the role that the East Asian region and its societies are playing in the transition to the next cycle, as well as analyze why these societies should not be viewed as successful products of the "modernization process," as proponents of that theory argue. The "success" of these societies is rooted in their historical entry point and the geopolitical importance to the United States of the region in which they were housed, and is not necessarily repeatable by other Third World societies such as those in Latin America.


2018 ◽  
pp. 146-173
Author(s):  
Richard M. Auty ◽  
Haydn I. Furlonge

Differences in industrial policy explain why Latin America lost its head start in economic development to East Asia. Latin America persisted with industrialization by import substitution under soft budget constraints, which failed to mature and generate adequate foreign exchange and government revenues. In contrast, East Asia abandoned import substitution early to pursue competitive industrialization under hard budget constraints that incentivized rapid sector maturation. East Asia is closing the productivity gap with the US, but Taiwan’s cautious competitive industrialization is more welfare-enhancing than South Korea’s aggressive big push. Chile pioneered Latin American reform in line with its comparative advantage in commodity-driven growth and successfully managed its mineral rent to become best practice. However, diversification remains constrained and economic growth has slowed. Brazilian reforms have been less effective than Chile in managing rents to minimize Dutch disease and curb growth-sapping rent-seeking. However, contrary to Rodrik, this chapter argues that Latin American structural change reflects realignment with comparative advantage and not premature deindustrialization.


2017 ◽  
Vol 53 (01) ◽  
pp. 1740005
Author(s):  
HIROKAZU KIKUCHI

What is the representation of East Asia in Latin American legislatures? Existing studies have focused on individual politicians of East Asian descent such as Alberto Fujimori, former president of Peru, but no systematic research has been done on the political representation of East Asia in Latin America. In order to fill this gap, this study analyzes the descriptive and substantive aspects of East Asian representation in Latin America. For the descriptive dimension, this article reviews the composition of legislators of East Asian descent in each Latin American country and finds that people of Japanese descent are “overrepresented” in the Peruvian and Argentine lower houses, while people of Korean and Chinese descent are underrepresented. Using the Brazilian Chamber of Deputies as an example, this study also reveals that deputies of East Asian descent differ from other deputies in terms of their political careers. As for the substantive dimension, this study focuses on Brazilian deputies’ responses to the Twin Ocean Railroad project, one of the largest Chinese infrastructure projects in Latin America. The statistical test performed in this study shows that the deputies tend to be members of the Brazil–Peru–China Pro-Twin Ocean Railroad Caucus if they are affiliated with the Brazil–Japan Caucus, if they are from a wealthier state, or if their performance in the last election was good. In addition, they are not likely to be members of the caucus if they are affiliated with the Partido da Social Democracia Brasileira (PSDB), an important opposition party.


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