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

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Drawing on 25 years of firsthand experience, the author explores the contrasting economic trajectories of East Asia and Latin America. He reflects on the 'miracle' of rapid growth in East Asia followed by a significant crash, while Latin America struggles with stagnant growth and uncertainty. This narrative combines professional analysis with personal observations, offering a unique perspective on the dynamic changes in these regions. Burki's insights contribute to a deeper understanding of the challenges and transformations faced by emerging economies.