Pathways From The Periphery Analysis

According to the reading of Pathways from the Periphery, Stephan Haggard analyzes some of the industrialization countries such as Mexico, Brazil, Korea, Taiwan, Singapore, and Hong Kong by attempting to explains the economic development and discusses the political economic strategies of these countries. Moreover, he explains each country follow the different path of economic growth. In Mexico and Brazil followed the growth path of emphasized self-reliance and import substitution trajectory. On the other hand, Korea and Taiwan are successful on the export-led growth trajectory. Lastly, Singapore and Hong Kong are related on entrepot path.
In this reading, Stephen Haggard argues how politics and institutions influenced what policies and strategies chosen by each country. Also, Haggard wants to know how politics affects the internal coherence of policy and the consistency with which it is pursed over time. He seek
I really agree Stephan Haggard not only viewing politics as exogenous but he also seen the domestic political forces and institutions is more important in different countries. I am convinced of the argument and evidence presented which provide me a sense of how each country have their own path for the growth and the ideas that cut across conventional lines drawn between economics and politics. In addition, by compare the economic policy of Hong Kong and Singapore, there are some difference. Singapore’s economic policy was highly interventionist. The government provide the fiscal and financial incentives, established its own enterprises, and intervened in the labor market. Singapore’s economy mostly relied on foreign investment. By contrast, Hong Kong pursued a laissez-faire economic policy with the large pool of entrepreneurial capability which help developed manufacturing sector from