The end of the Cold War, the third wave of democratization, and ecomic globalization have presented the newly industrialized countries of East Asia and the liberal democracies of Latin America with increasingly similar international opportunities and constraints. During the 1980s, Latin America made great strides in democratization, while East Asia led the world in ecomic growth. Are the two regions w converging toward a model that combines ecomic and political liberalization? Many developments in both regions indicate that this is a serious possibility. Although significant counter-trends do exist, there is w increased scope for mutual support and encouragement among aspiring democratic forces both within and between these two regions. This book examines these interrelated issues, paying special attention to the effects of the East Asian financial crisis of 1997-98 and its subsequent impact on Latin America.
Laurence Whitehead is a professor at Nuffield College at Oxford University.