By Shahid Javed Burki
There has been the industrial improvement "miracle" within the East Asia zone, then the nice crash. within the Latin American and Caribbean zone, there stay query marks, little elevated progress, and no "miracle" in sight. Given the chance to watch either one of those areas first quit a 25-year interval, Shahid Javed Burki, relates his observations, perceptions, and comparisons of those assorted rising economies. As he departs the area financial institution, Mr. Burki leaves this contribution to the shop of financial institution wisdom for destiny reference. it's either a certified and private narrative of 2 dynamic areas present process super swap. Mr. Burki stocks his distinctive perception into those economies and his personal altering perceptions in the course of his paintings within the Latin American and Caribbean area.
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Extra resources for Changing perceptions and altered reality: emerging economies in the 1990s, Page 428
Both were satisfied with the scope and direction of their economic reforms, and both were confident that Argentina had found the model to move the economy toward a high rate of sustainable growth. In a separate discussion with Cavallo, during the same visit, he indicated that he was concerned about the ability and willingness of provincial governors to follow Buenos Aires' lead, and adopt the reforms that had been initiated by the federal government. If the provinces did not climb on board, the full potential of the economy would not be achieved.
In the World Bank, many people like me have rich regional experiences. I hope they, too, will be encouraged to reflect upon them for the benefit of others. Page 23 Chapter 2 Development Challenges: Reaching a Better Understanding I Became Regional Vice President For Latin America and the Caribbean in January 1994, after serving as the World Bank's director for China for nearly seven years. I left the assignmentand the World Bankin July 1999. 1 In this chapter, the only one written specifically for this collection, I describe some of the initiatives we took while I was in charge of the World Bank's operations in the region.
In doing so, I developed an informed overview of the development experience of East Asia. I had been working in the Latin American region for less than two months when I offered my first thoughts about the problems and prospects of the area. During that time, I had read a great deal on Latin America and the Caribbean. 3 His book was as rich in detail and analysis as the East Asia Miracle Study. During that time, I also had the opportunity to visit three large countries in the regionMexico, Argentina, and Peru.