New Tigers and Old Elephants: The Development Game in the 21st Century and Beyond - Hardcover

Horowitz, Carl F.

Hardcover

ISBN 10: 1560002042 ISBN 13: 9781560002048

Publisher: Routledge, 1995

Synopsis

The lighthearted title symbolizes the subject of the book, the disparity between economic breakthrough and stagnation, a crucial choice for developing countries. As we near the close of the twentieth century, the so-called New World Order remains undefined and its parameters hazy. Amidst all the uncertainty, one thing appears clear—a great many of the advantages that propelled countries forward during the Cold War decades no longer apply. In a world in which economic power is driven by the harnessing of new technological breakthroughs, cheap labor and abundant raw materials will not remain decisive as in the past. Increasingly, developing countries must bridge an ever-widening economic gap to achieve industrial status.

New Tigers and Old Elephants examines which factors and attributes will identify "winners" hi the development game and which factors are decisive in success and failure alike. "Winners" are represented as tigers—countries that are breaking through to a more advanced economic level. In contrast, elephants are countries with sporadic but ultimately disappointing spurts of growth, whose mammoth economies nonetheless permit them to lumber on due to one or two outstanding performing sectors. The tigers of the 1970s were mostly Asian; during the 1980s this group broadened to include Chile, Malaysia, and Thailand. Four chapters of this volume describe the authors' picks for the tigers of the future. This book offers an original and comprehensive approach to development in the economic trenches. It will appeal to teachers and students of international politics, business, and economics, and all those generally interested hi the developmental process.

About this title

About the Author:

Scott B. MacDonald is a senior managing director and head of research at MC Asset Management Holdings, LLC. His numerous books include European Destiny, Atlantic Transformations; A History of Credit and Power in the Western World; and Asia’s Rise in the 21st Century.   

Review:

“The central theme of this book is that the end of the Cold War poses new challenges for developing nations. The Cold War meant that many developing nations had easy access to investment capital, development aid, and modern technology. The end of the Cold War means the end of such superpower generosity... [T]he authors' clearly stated assumptions allow any reader to reach alternative conclusions based on the case studies. In short, the book provides an honest, readable, and provocative introduction to the new rules of the development game.” 

—J. T. Peach, Choice

About this edition

• Publisher: Routledge
• Publication date: 1995
• ISBN 10: 1560002042
• ISBN 13: 9781560002048
• Binding: Hardcover
• Edition number: 2
• Number of pages: 297