Compares and contrasts the economic growth and development experiences in Asia and Latin America over the last half-century. Explores the main factors that account for the divergent economic performances and that have had a significant influence on thinking about development theory and practice. Reviews history, examines basic economic theories and considers sectorial dimensions as well as institutional and political economy factors behind the differences in growth patterns. Concludes with case studies of specific country pairings to gain insight into how these factors played a role in development. Prerequisites: Macroeconomics and Microeconomics.