Pacific Development Confusion

Abstract

In the Pacific region, East Asia and Latin America also stand out. The difference is that East Asia represents the successful model of developing countries and regional economies, while Latin America has become a symbolic representative of the problems of third world countries. The contrast between the booming economy of the former and the stagflation of the latter accompanied by a severe debt crisis is hard to believe, since only twenty-five years ago Latin America rivaled most East Asian countries in economic prosperity and wealth, while When most market economy countries, especially East Asian countries take the