Question

Write a summary and a brief analysis of the argument developed in Jeffry Frieden's article

" Third World Indebted Industrialization:

International Finance and State Capitalism in Mexico, Brazil, Algeria, and South Korea." In much of the second half of the 20th C. developing countries aimed to buttress their domestic industrial capacity, sometimes emphasizing import-substituting strategies and sometimes focusing on export-oriented growth. But the main problem for many of these states was capital scarcity. How did these countries manage this problem? How did their dependence on international finance affect their industrialization goals?