Run on the Bank

Seth Ackerman SAckerman at FAIR.org
Thu May 25 14:16:45 PDT 2000


Doug Henwood wrote:


> In other words, the WB is central to a whole array of
> temptation and constraints, carrots and sticks, that keep poorer
> countries from networking with each other first, rather than their
> creditors, and hooked on the whole export model, which is, of coure,
> a nice holdover from colonial days.
>

Doug, how do you classify the development experiences of countries like SK, China, or Japan? Usually their development is called "export-led." But it seems to be an altogether different kind of eport-led development than, say, Chile or Mexico.

You seem to say that even SK's version of development is too dependent on exports to the North -- compared to developing more "South-South linkages." Yet these countries have been very successful in growing out of poverty that way.

Seth



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