The Far East and Latin America, 30th Dec., 2010.

Ray Bromley has an article in Economic Geography, titled "A New Path to Development? The Significance and Impact of Hernando De Soto's Ideas on Underdevelopment, Production, and Reproduction."

Since the mid-1970s, most Latin American countries have been locked into crises of escalating foreign debt, massive capital outflows, rising food imports, and rapid environmental deterioration, and many have also been plagued by political unrest, vicious repression, narcotics-related corruption and violence, and seemingly incurable hyperinflation. With the emergence of "the four tigers" (South Korea, Taiwan, Hong Kong, and Singapore), the accelerated industrialization of many of the poorest Asian countries, and the impressive performance of many Asian Third World nations in the area of food self-sufficiency, Latin America has lost its attraction in International Development Studies-it is an example no longer of "how to do things," but rather of "what to avoid." [ . . . ] With only around eight percent of the world's population, however, Latin America accounts for over 40 percent of the total Third World foreign debt[.]