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Modes of long-run development: Latin America and East Asia

Published online by Cambridge University Press:  01 April 2008

RICHARD GRABOWSKI
RICHARD GRABOWSKI*
Affiliation:
Southern Illinois University, Illinois
*
* Correspondence to: Department of Economics, Southern Illinois University, Carbondale, Illinois 62901, USA. Email: [email protected]
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Abstract

In this paper, two models of long-run development are constructed, one for a unimodal agricultural structure and the other for a bimodal agricultural structure. The process of the evolution of state institutional capacity under these two structures is analyzed. Capacity is measured by the ability of the state to extract revenue in return for which services are provided. The development of such capacity is seen as the key factor in providing the human capital and infrastructure necessary for the shift from inward- to outward-oriented development. Latin America and East Asia are used as examples of these two modes of long-run development.

Type
Research Article
Information
Journal of Institutional Economics , Volume 4 , Issue 1 , April 2008 , pp. 25 - 50
Copyright
Copyright © The JOIE Foundation 2008

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