Changing Perceptions and Altered Reality: Emerging Economies in the 1990s

There was the economic development 'miracle' in the East Asia Region, then the great crash. In the Latin American and Caribbean region, there remain question marks, little increased growth, and no 'miracle' in sight.

Given the opportunity to observe both of these regions first hand over a 25-year period, Shahid Javed Burki, relates his observations, perceptions, and comparisons of these diverse emerging economies. As he departs the World Bank, Mr. Burki leaves this contribution to the store of Bank knowledge for future reference. It is both a professional and personal narrative of two dynamic regions undergoing tremendous change. Mr. Burki shares his unique insight into these economies and his own changing perceptions during his work in the Latin American and Caribbean region.