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Building on a Rock


Article # : 17137 

Section : BOOK WORLD
Issue Date : 12 / 1990  2,589 Words
Author : Amy L. Sherman
Amy L. Sherman, a graduate student in the Woodrow Wilson Department of Government and Foreign Affairs at the University of Virginia, is writing a book on economic development in Latin America.

       TONGUES OF FIRE
       The Explosion of Protestantism in Latin America
       David Martin
       Cambridge, Mass.: Basil Blackwell, 1990
       352 pp., $39.95
       
        According to my friend who visited Germany several months ago, selling the Berlin Wall is quite a profitable venture, and to him it seemed as though there were as many entrepreneurs on the eastern side of the Wall as on the western. Hawking pieces of liberty, these unlikely capitalists embody the connection between the breakdown of political control and the emergence of economic initiative. Worldwide attention has focused on the fundamental political shift in the "global correlation of forces": the "democratic revolution," perhaps best symbolized by the tearing down of the Wall. But other types of walls - those erected against the free market in the name of socialist development - are falling down under the influence of the key global economic trends: the "capitalist revolution."
       
        In the most unlikely places, including former socialist holdouts in Latin America and Africa, political leaders are imposing economic reforms dismantling the elaborate structures of centralized economic control. Statism, thoroughly discredited east of the Elbe, is being abandoned in many less developed countries (LDCs), including most notably Mexico, Brazil, and Argentina in this hemisphere. Though socialist ideals may still resonate in some parts of the Third World, the general trend is toward a freeing up of domestic economic life and international trade. But the capitalist revolution in most LDCs has been largely from the top ... (1995 of 17396 Characters)
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