Japan Or Brazil Or Kenya post WWII development path Essay

Japan Or Brazil Or Kenya post WWII development path - Essay Example Second, the structural change models have a major shift from moments of subsistence-sector dominated economy to a capitalist-dominated economy. As a result of the structural change, Brazil has benefited immensely from increased investment and government revenue which have been directed towards infrastructural development in the country. In terms of the international dependence revolution, there was a goodness of fit for neocolonial dependence model and dualistic-development thesis because as a result of Brazil’s dependence on rich countries, it has recorded an ever increasing external debt to GDP ratio since 1945, which has resulted in the widening of developmental gap between Brazil and other rich countries like USA and Japan. There has however not been a fit for the false-paradigm model because Brazil’s focus for international relations has been largely centered on neighboring South American countries. Finally, the neoclassical counterrevolution model has explained re asons Brazil continues to be the major foreign investment destination in Latin America as the country has practiced a free market approach backed by a strong public choice approach and traditional neoclassical growth theory. The market-friendly approach has also been used as an avenue for expanding development of local business. After the industrial revolution in the period between 1760 and 1840, most countries had been set on a century long drive of national development, powered by strong industrial awaking till one world war came and then another. The World War II (WW II) thus became a major event that drew most countries aback in terms of development (Bacha & Klein, 1989). As a major panacea of the global economy, Brazil was also affected by events leading to, and after the WW II. Bahca & Klein (1989) however noted that the period after the WW II became a major test case for most countries to quickly recover from the economic setbacks and get back on