Richard Wong
Professor Sanjay Peters
EMPA U6560
April 14th 2015 Final Exam: Question 5 The unprecedented economic progress of a handful of East Asian economies were able to achieve in three decades, from1960’s to the 1980’s sparked the curiosity of the world as to how such an astounding feat occurred. After the Second World War, countries from both East Asia and Latin America began to industrialize and competed vigorously in the world market, however it is worthy to note that Latin American had several advantages from the very beginning. These include higher per capita income, higher level of industrialization, higher saving rates, higher education levels. Many of these East Asian countries/regions have just gained their independence (South Korea, Taiwan, Singapore, Malaysia, and Indonesia) and are recovering from war, in particular Japan and South Korea. Yet in the 1980’s East Asian economies developed at a much faster pace while economic growth in Latin America was stagnant and failed to live up to its potential. This paper will address the differences in economic strategies employed, explore why Latin America failed while East Asian economies achieved remarkable progress, and if there are any worthwhile lessons that current emerging economies can if possible emulate the kind of success achieved by newly industrialized countries (NICs).
Latin America failure and East Asian success There have been ongoing debates on the policymaking arena as to what
The root of liberalism ideas in America, as in the rest of the world, came from the age of Enlightenment in France. After the revolution, French intellectuals began new ideas of liberty, fraternity and equality. These ideas will spread later on in Europe and the Americas during the Napoleon era. Just after that time, the Latin Americans began their journey to independence in 1808. The Liberals in Latin America believed in democracy and were against the power of church, social classes and slavery while the conservative wanted to keep the same systems existing before the independence. Although the conservatives and the church ruled for decades in Latin America, the liberals will come back in 1825 due to the social and economic transformation
Telling a lie that contains no truth can be referred to as an out-and-out lie. Throughout 1984, Orwell includes many out-and-out lies which mainly result from the Party rewriting and creating new history in order to censor the thoughts and learning of the society in Oceania. One of the most prominent and most obvious examples of an out-and-out lie committed by the Party comes when Winston explains an assignment that was given to him at work, “It was true that there was no such person as Comrade Ogilvy, but a few lines of print and a couple of faked photographs would soon bring him into existence” (Orwell 46). Winston’s use of the word “faked” clearly illustrates the principles of an out-and-out lie. Ultimately, the Party asked Winston to create
Latin America went from isolated to connected with the rest of the world during the time period 1450 to 1750 because of colonization by the Europeans. However, the economy, slavery, and the tribal systems stayed the same.
During the late 1800s, Latin America economy developed as the production of goods commenced. Latin American became “reintegrated into the world economy in the years after 1870, thanks to the rise in the demand for Latin America’s raw materials by the rapidly industrializing nations of Europe and the United States.” By the reintegration into the world of economy, Latin America started importing finished goods and exporting raw materials. All this was possible by the technology, capital and markets provided by industrialization nation.
The legal research guide provides (1) an overview of the topic of American Nonprofit Law; 2) guidance to the researcher major and secondary sources on Nonprofit Law including statutes, cases, articles, books, government documents, and Internet sites; and 3) annotations to determine the usefulness of the resources for particular issues. This guide is not intended to be comprehensive. Nonprofit Law has been subject to a voluminous amount of scholarly and practical treatment. Also, issues in Nonprofit Law are related or discussed in many other legal areas – including taxation, wills and trusts, and general corporation law.
There are multiple changes regions go through that shape the way run/do things. Latin America is no different than any other place in this aspect. Sometimes effect can be both positive and negative. Neoliberalism, the Central American Common Market (CACM), and globalization have made an impact on Latin America, because one way or another Latin America has learned from effects of them.
After the end of the World War II the world faced the challenges of economic and social recovery. The majority of developing countries based their economies on Import Substitution Industrialization (ISI), the state-oriented approach to a trade and economic policy. ISI supports the replacement of import with domestic production in order to reduce foreign dependency. This protectionist policy dominated in developing countries, especially in Latin America and sub-Saharan Africa, during the first 30 years after the World War II. By 1980s, when the main gains of ISI were exhausted and it demonstrated its inefficiency, the countries of East Asia adopted a new development strategy. Consequently, this new export-oriented and market-friendly strategy, so-called East Asian model, has determined the successful economic and trade policy of East Asian countries during the next several decades. To understand the reasons of the shift from ISI to the East Asian model, it is needed to carefully examine and contrast these two approaches and their supporting theories.
The Latin American countries have been subject to many changes ever since the American continent was discovered. These changes have mainly affected the economy, culture and power changes these countries have suffered throughout the years. According to Jon Charles Chasteen on his book “Born in Blood & Fire” During the twentieth century, there were three main events that changed the course of Latin American countries and their economies. These three events were, the emergence of nationalism, the end of World War II, and the Cuban revolution. However, in my point of view, the event that created more impact in Latin America and the future of these countries has been Cuban Revolution. It is not a secret that the Cuban Revolution created a big impact to the country’s future, unfortunately this revolution not only changed Cuba, but also the entire region of Latin America.
When the Europeans first arrived in Latin America, they didn't realize the immensity of their actions. As history has proven, the Europeans have imposed many things on the Latin American territory have had a long, devastating effect on the indigenous people. In the centuries after 1492, Europeans would control much of South America and impose a foreign culture upon the already established civilizations that existed before their arrival. These imposed ideas left the continent weak and resulted in the loss of culture, the dependence on European countries, and a long standing ethnic tension between natives and settlers which is evident even to this day. The indigenous people of South America, which
German physician Rudolf Virchow makes the claim that “medicine is a social science”. He asserts that there are social, political and economic factors that influence people’s perception of their bodies producing culturally unique forms of sickness. To determine whether this statement is true, one can easily look at sicknesses in different regions of the world. For example, Susto is a sickness found in Latin America that is characterized by chronic somatic suffering because of emotional trauma (Rubel 1964). The fact that this sickness is not found anywhere else in the world means that we can’t ignore the factors that might produce Susto in Latina America. Therefore, medicine can be argued to be a social science because it is influenced by social, political, and economic features.
What are the major economic problems that have plagued Latin America in the 20th century?
combine with social traits as though socio-economic status. So that a person is ranked not only according to physical phenotype, but also according to social standing.Race is often conceptualized as a system of categorization where the membership is limited to one category and is externally described by others who are not members of that category and without regards to the individuals own feeling of membership.Peninsular,Criollo,Indio,and Negro were the four main ranks of race.
In this essay we look in-depth on how government strategies and economic policy play a crucial role in the success of High Performance Asian Economies (HPAEs) during 1960 to 1990 (World Bank 1993).There are eight countries within HPAEs: South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, Indonesia and Japan. Its economic development has significantly rise that it was name ‘East Asia Miracle’ (World Bank, 1993).
La tierra mas hermosa. The most beautiful land. Latin America and the Caribbean maintain the humble beauty of many indigenous regions. The rugged mountains of Bolivia are scattered across graded lands. The Quechua people can be seen wearing richly decorated ponchos as they plant seeds for forming. Weathered volcanic lavas are stretched over the lands of Guatemala, and the heavily wooded forest trees can also be seen in the eastern slopes of the Andes. The azure blue oceans of Havana sparkle as the golden sun illuminates the sky. These humble lands have always been here; streams of people have flowed through these lands for centuries. It is only the globalización that is relatively new, and along with that comes the life one lives in these lands--pobreza y viviendo en el infierno [poverty and living in hell]. The impact of globalization in Latin America has caused a ripple in the lives of many individuals living in Latin America and the Caribbean. Although globalization is not a new concept, the process of globalization has drastically expanded and involved into social, political, and economic changes that weakens the sovereignty and power that helps create policies and reform government institutions.
Would you want your tax dollars to go to thousands of people who are imprisoned for smoking marijuana or would you want it to go towards city improvement programs? Marijuana is one of the most widely used organic drugs out in the world today. Therefore, many see an opportunity to make more money on the side, but it is illegal to sell this nontoxic drug, unlike alcohol and tobacco products. The herb continues to grow in popularity and politicians are running out of ideas on how to restrict the use of it. By continuing to restrict the use of marijuana, politicians are unknowingly increasing the amount of people rebelling against the law, therefore increasing the amount of money being spent on putting drug users into jail. If the prohibition against marijuana is relinquished, the revenue from marijuana can be used for medical research and city improvement programs.