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Economic Liberalism and the Developmental State

2022-11-10 Political Science
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Release : 2022-11-10
Genre : Political Science
Kind : eBook
Book Rating : 005/5 ( reviews)

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Book Synopsis Economic Liberalism and the Developmental State by : Bryan Cheang

Download or read book Economic Liberalism and the Developmental State written by Bryan Cheang. This book was released on 2022-11-10. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a fresh perspective on the debate over the role of the state in East Asia’s development history. Comparing the post-war development policies of Singapore and Hong Kong, it argues that their strong economic performances preceded and persisted despite, not because of, developmental state policies. While both nations are not pure free markets, the Hong Kong economy comes closer to that ideal and exhibited clear advantages over state-driven Singapore, in terms of greater levels of indigenous entrepreneurship, productivity and innovation. The book highlights the complex ways in which states penetrate markets, which are often neglected in liberal accounts of Hong Kong and Singapore as ‘free-market success stories’. At the same time, it also stands as a cautionary tale on the use of non-comprehensive development planning in the twenty-first century, where an unprecedented degree of complexity complicates economic policy and industrial upgrading. The book renews the case for economic liberalism in development policy through a unique Asian cultural lens.

Economic Liberalism and the Developmental State

2023
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Release : 2023
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Kind : eBook
Book Rating : 019/5 ( reviews)

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Book Synopsis Economic Liberalism and the Developmental State by : Bryan Cheang

Download or read book Economic Liberalism and the Developmental State written by Bryan Cheang. This book was released on 2023. Available in PDF, EPUB and Kindle. Book excerpt: "Singapore and Hong Kong are often used as examples of successful government economic development policies. Bryan Cheang offers a comparative analysis of both countries to show that the case for a state-led development model has been overstated. Creative and entrepreneurial activities generate long-term economic development, and Cheang shows how government policies have often stood in the way of economic development. This book is highly recommended for those interested in Singapore & Hong Kong, as well as implications on East Asia and the role of the state in development". - Randall Holcombe, DeVoe Moore Professor of Economics, Florida State University, USA. This book provides a fresh perspective on the debate over the role of the state in East Asia's development history. Comparing the post-war development policies of Singapore and Hong Kong, it argues that their strong economic performances preceded and persisted despite, not because of, developmental state policies. While both nations are not pure free markets, the Hong Kong economy comes closer to that ideal and exhibited clear advantages over state-driven Singapore, in terms of greater levels of indigenous entrepreneurship, productivity and innovation. The book highlights the complex ways in which states penetrate markets, which are often neglected in liberal accounts of Hong Kong and Singapore as 'free-market success stories'. At the same time, it also stands as a cautionary tale on the use of non-comprehensive development planning in the twenty-first century, where an unprecedented degree of complexity complicates economic policy and industrial upgrading. The book renews the case for economic liberalism in development policy through a unique Asian cultural lens. Bryan Cheang is Assistant Director of the Center for the Study of Governance and Society, King's College London, UK. His research interests are in the political economy of development and applied economic policy, with a specific focus on the institutional arrangements of the entrepreneurial state and the efficacy of industrial policy interventions.

States Or Markets?

1991 Business & Economics
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Release : 1991
Genre : Business & Economics
Kind : eBook
Book Rating : 114/5 ( reviews)

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Book Synopsis States Or Markets? by : Institute of Development Studies (Brighton, England)

Download or read book States Or Markets? written by Institute of Development Studies (Brighton, England). This book was released on 1991. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the usefulness of neo-liberal theory and its prescriptions for tackling problems in developing countries, ranging through agriculture, industry, education, and health. It considers the impact of neo-liberal theory on the poor and on women, and assesses the neo-liberalrecord on trade, and financial and structural adjustment problems.

The Korean Developmental State

2007-09-12 Political Science
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Release : 2007-09-12
Genre : Political Science
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Book Rating : 572/5 ( reviews)

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Book Synopsis The Korean Developmental State by : Iain Pirie

Download or read book The Korean Developmental State written by Iain Pirie. This book was released on 2007-09-12. Available in PDF, EPUB and Kindle. Book excerpt: The Korean Developmental State is a comprehensive and up-to-date analysis of processes of state and economic restructuring in South Korea since the 1997 crisis. The book distinguishes itself from previous studies by consistently arguing that structural changes in the global political economy have played a crucial role in reshaping the Korean state’s own economic project. More precisely, Iain Pirie seeks to demonstrate how the Korean state increasingly adopted neo-liberal policies from the 1980s onwards as a rational response to the evolution of global economic structures; an evolution which has been driven by the continuous attempts of major global firms and leading capitalist states to overcome the chronic profitability problems that have dogged the core capitalist area since the late 1960s. The radical restructuring programme the Korean state initiated after the 1997 crisis must be understood as a logical conclusion to these earlier, more incremental, processes of reform it initiated almost two decades earlier. This book seeks to establish the neo-liberal character of the Korean state through a close analysis of key institutional and policy reforms, and serious engagement with more theoretical debates concerning the nature of the neo-liberal state itself. The Korean Developmental State offers a new perspective on the economic experience of Korea as a development model, one that emphasizes global trends and contradictions for Korea’s economic crisis and resulting transformation, and as such will be of significant interest to scholars of Korean studies and the Asian economy.

The Developmental State

2019-06-30 Political Science
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Release : 2019-06-30
Genre : Political Science
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Book Rating : 384/5 ( reviews)

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Book Synopsis The Developmental State by : Meredith Woo-Cumings

Download or read book The Developmental State written by Meredith Woo-Cumings. This book was released on 2019-06-30. Available in PDF, EPUB and Kindle. Book excerpt: Developmental state, n.: the government, motivated by desire for economic advancement, intervenes in industrial affairs. The notion of the developmental state has come under attack in recent years. Critics charge that Japan's success in putting this notion into practice has not been replicated elsewhere, that the concept threatens the purity of freemarket economics, and that its shortcomings have led to financial turmoil in Asia. In this informative and thought-provoking book, a team of distinguished scholars revisits this notion to assess its continuing utility and establish a common vocabulary for debates on these issues. Drawing on new political and economic theories and emphasizing recent events, the authors examine the East Asian experience to show how the developmental state involves a combination of political, bureaucratic, and moneyed influences that shape economic life in the region. Taking as its point of departure Chalmers Johnson's account of the Japanese developmental state, the book explores the interplay of forces that have determined the structure of opportunity in the region. The authors critically address the argument for centralized political involvement in industrial development (with a new contribution by Johnson), describe the historical impact of colonialism and the Cold War, consider new ideas in economics, and compare the experiences of East Asian countries with those of France, Brazil, Mexico, and India.

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