Asian Tigers

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control. This is clearly a very vital part of the industrialization process as many nations that have failed with the agrarian reform continue to find themselves struggling to get out of poverty. A modern example of this would be Brazil, where the rural landlords have stalled any sort of reform that might dismantle their rule over peasants farmers and tenants (Kay, 2002:p.1076). The institution of land reform was a vital part of industrialization in East Asia, unlike other nations it was introduced before the economies had gotten on their feet and was therefore a key ingredient in the subsequent success (Kay, 2002:p.1076).

Across the board in the Eastern nations the emphasis is seen being put on “[not] on emphasizing private profit or state socialization of wealth” but instead on a balance of the two (Woo-Cumings, 1999:p.58). This means that neither the pursuit of private profit for monopoly capitalists, nor the political agendas of big parties get in the way of the economic ...

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