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Aid and the symbiosis of global redistribution and development : Comparative historical lessons from two icons of development studies

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  • Aid and the symbiosis of global redistribution and development
  • Fischer, Andrew M.
  • International Institute of Social Studies of Erasmus University (ISS)


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Title Aid and the symbiosis of global redistribution and development
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Sub Title

Comparative historical lessons from two icons of development studies

Material Type Articles
Author(English)

Fischer, Andrew M.

Publisher

[Rotterdam, Netherlands] : International Institute of Social Studies of Erasmus University (ISS)

Date 2016-04
Series Title; No ISS Working Paper Series / General Series / No. 618
Subject Country Brazil(Americas)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Government and Law < General
Holding Erasmus University
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Abstract

This study examines the question of aid effectiveness through a comparative historical analysis of the external financing constraints of two icons of development studies: South Korea and Brazil. The selection of these contrasting cases is based on a method of difference, designed to examine the predicaments of two countries attempting similar developmentalist strategies of sustained industrial policy through successive stages of industrialization, but with differences in amounts of aid supporting such strategies. This approach differs from the standard approach in the literature of examining economic performance among aid recipient countries and it is adopted as a means to highlight the challenges that some of the most successful and advanced late industrialisers of the post-war era have faced in the absence of aid. The comparison draws on an analytical framework that locates aid effectiveness in the interaction of both aid absorption (via current accounts deficits) and development strategy (via industrial policy), the latter based on the premise that unconstrained strategies of post-war late industrialisation have exhibited inherent structural tendencies to generate merchandise trade deficits. (The rest omitted)