Description
Book SynopsisThis book examines how some growing countries are experiencing economic development, while others are falling behind. It addresses the fundamental issues of development strategies by examining country-specific policies that have resulted in success or failure. The author focuses on Peru and makes comparisons with Chile and South Korea, exploring the question of why the latter two countries have been more successful, while Peru has lagged behind, despite bountiful natural resources and the potential to develop into a robust economy. The central question is to understand why some countries achieve economic development, while others face enormous challenges, and fail to do so.
Trade ReviewAn informed analysis of growth, middle-income trap, and productivity in contemporary Peru with lessons for the developing world. -- Marco Kimaya, UN-Habitat
Using Korea and Chile as counterexamples, Ruben Berrios asks the crucial question about Peru: why has it lacked behind in development? The book provides a fascinating political and economic analysis, helping to illuminate the importance of sound policies and the role of the state in generating economic progress. -- Scott J. Morgenstern, University of Pittsburgh
Professor Berríos offers a welcome addition to the political-economy literature with an extremely timely and valuable comparative analysis of Latin America and Asia. The cases of Peru, South Korea, and Chile reveal that good governance and effective political leadership are as important to development as economic growth. Policymakers and scholars alike will find important lessons in this book. -- Julio F. Carrión, University of Delaware
Table of ContentsChapter One: Development Outcomes: Why Some Countries Develop and Others Fall Behind Chapter Two: Growth Without Development Chapter Three: Chile and Peru: Close Neighbors, Distant Paths Chapter Four: Extractive Versus Productive Economy Chapter Five: Human Capital and Technology Deficiencies Chapter Six: Conclusion
