Growth by debt: foreign borrowing and dependent capitalism in Chile, 1958-1970

Article Abstract:

The impact of foreign loans on Chile's economy, society and relations with other countries from the 1950s to 1970 has been studied. Chile started borrowing from foreign creditors in the late 1950s to pay for imported food products to meet growing food demand caused by an archaic land tenure system. The US and other multilateral lending agencies extended loans to Chile and to other Latin American countries in the early part of the Cold War era out of geopolitical reasons. However, these countries became dependent on foreign loans with higher interests and greater risks.

Chile, National debt, Public debts, Foreign loans

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The Confucian capitalism: impact of culture and the management system on economic growth in South Korea

Article Abstract:

The rapid economic growth in South Korea is attributed to the adoption of a Confucian capitalism, an economic system of capitalism based on the Confucian culture. South Koreans were more earnest in preserving and more conservative in practicing Confucianism than the three other leading Asian economies, namely Hong Kong, Singapore and Taiwan. The Koreans' positive attitude towards Confucianism led to the development of a unique sub-Confucian culture that is different from that of the other three Asian countries.

Research, South Korea, Economic development, Religion and state, Confucianism, Confucianism and state

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The development of capitalism in Turkey

Article Abstract:

The book 'State and Business in Turkey: A Comparative Study' by Ayse Bugra is a study of the relationship between the Turkish government and the business community from its origin to the early 1990s. It is based on several sources, including several interviews with prominent Turkish businessmen. Bugra challenges the traditional perception that Islam is the main factor that prevents Muslim Turks from being successful businessmen.

Criticism and interpretation, State and Business in Turkey: A Comparative Study (Book), Bugra, Ayse

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