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By Diane E. Davis

Revealing that the major to profitable fiscal improvement in overdue industrializers rests within the state's capability to self-discipline capitalists, this research sheds mild on why sure international locations (South Korea and Taiwan) be able to self-discipline capitalists, whereas others (Mexico and Argentina) locate themselves on the receiving finish of industrialists' political and financial strength. nearer exam of heart sessions, in particular rural center sessions, unearths the level to which they in attaining adequate political sway in politics and society, and hence may be able to impose such self-discipline.

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Extra resources for Discipline and Development: Middle Classes and Prosperity in East Asia and Latin America

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Instead, it would be necessary to actually examine these so-called middle classes – their homogeneity or heterogeneity as well as the extent to which they do or do not identify with capitalists and/or labor. Granted, it is not only because scholars assume that middle classes result from economic development that they fall into the trap of ignoring a wide variety of middle classes and/or treating this category as an analytic extension of the bourgeoisie. This problem also owes to the popularity of the so-called “thesis of extinction” argument, as it is frequently called among Marxists, which posits that “with growing industrialization and in the course of increasing class struggles, .

Cause or Consequence of Development? The first frontal challenge to efforts to consider middle classes as protagonists in processes of late industrialization can be traced to the assumption that middle classes are primarily the result of capitalist modernization and economic development. To the extent that for years scholars interested in the developing world have accepted this premise to a great degree, they never made serious efforts to examine the history or composition of middle classes in any meaningful way except to chronicle their demographic appearance on the scene as countries increase their per capita income and/or rise to the top of the ladder of global economic prosperity.

Industrialization lay in the Northeast, where small farming predominated. S. literature. Observations of eminent American historian Gordon Wood seem to further support this interpretation, although his point of departure in the study of American economic development was consumption more than production. Wood argued that rural productivity in the postcolonial United States increased because of a burgeoning consumer revolution, which itself was fueled by the growing possibilities of buying and selling ever more luxury goods which were produced in or imported to towns and cities along the eastern seaboard.

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