Securing the Home Market: A New Approach to Korean Development

Amsden, Alice H.

doi:10.1057/9781137339485_4

Cited by 16 publications

(2 citation statements)

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“…One implication of this new focus is that the centrality of domestic market expansion and its relation to successful industrial policy are not well understood, even when the importance of domestic market formation, both in its own terms and as a basis for export diversification is highlighted in scholarship on industrial policy (Ovadia and Wolf 2017;Wolf 2017;Amsden 2013;Lo 2011;Zhu 2006). More generally, demand-side conditions for successful implementation of industrial policy are practically absent from the IP debates on a theoretical level, under the assumption that Say's law holds on a global level (Nelson and Winter 1982: 209;Amsden 1990: 11;Monga 2013: 154).…”

Section: The Developmental State and Industrial Policymentioning

confidence: 99%

Industrial Policy and Monopoly Capitalism in Nigeria: Lessons from the Dangote Business Conglomerate

Itaman¹,

Wolf²

2021

Development and Change

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CAE working papers can be downloaded free of charge from www.ruc.dk/en/centreafrican-economies © The authors and CAE, Roskilde 2019.The CAE working paper series publishes cutting-edge research on African economies. The working papers present on-going research from the projects and programs based at CAE, as well as the current work of scholars studying African economies from a multi-disciplinary perspective. They encourage the use of heterodox schools of economic thought to examine processes of economic development and the economic challenges that African countries face. Most of all, the working paper series aims to stimulate inter-disciplinary work, showing how breaking down the barriers between disciplines can be necessary and even more fruitful for understanding economic transformation in African countries.

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Section: The Developmental State and Industrial Policymentioning

confidence: 99%

Industrial Policy and Monopoly Capitalism in Nigeria: Lessons from the Dangote Business Conglomerate

Itaman¹,

Wolf²

2021

Development and Change

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“…realizado por Amsden (2013), quien afirma que el rasgo más sobresaliente del Estado desarrollista del xxi es su carácter nacionalista, y su rechazo del universalismo de libre mercado. Un elemento clave de esta clase de Estado es su capacidad para conducir, orientar, regular y gravar las inversiones extranjeras, lo que constituye un déficit en especial importante al analizar algunas experiencias recientes en América Latina.…”

Section: • 263unclassified

Hacia un nuevo Estado desarrollista: desafíos para América Latina

Zurbriggen

Travieso

2016

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ResumenLa primera década del siglo xxi constituyó una coyuntura de transformaciones en el mapa político de América Latina. Después de una larga hegemonía de las fuerzas políticas de derecha y centro-derecha, las de izquierda y centro-izquierda -un conjunto muy heterogéneo-conquistaron los gobiernos de la región con un discurso crítico del modelo neoliberal, que subrayaba el papel del Estado como actor clave del proceso de desarrollo. En este escenario, la crisis de 2008 profundizó este debate, enfocando la relación del Estado con las élites y el capital extranjero, así como en su capacidad de articular una estrategia de desarrollo para construir sociedades más prósperas y justas. Este artículo revisita los dos paradigmas del papel del Estado en los procesos de desarrollo: el modelo neoliberal y el desarrollista, a la luz de enfoques teóricos de disciplinas como la ciencia política, la historia económica y la economía del desarrollo. Se concluye que el gran desafío de una nueva teoría y práctica del Estado en América Latina se encuentra en construir coaliciones desarrollistas amplias que permitan contrapesar los intereses centrífugos de las élites locales y las corporaciones trasnacionales. AbstractThe political map of Latin America experienced some significant changes during the first decade of the 21 st century. After a long period of political and social hegemony of right-wing coalitions, progressive parties assumed office in many countries. Their programs criticised the neoliberal model and underlined the role of the State in the development process. In that context, the 2008 world economic crisis strengthened the debate on the role of the State, particularly in what regards to its rapport with elites and foreign capital, as well as its capacity to lead a development strategy towards more prosperous and just societies. This article revisits two theoretical paradigms

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Changes by Competition

Kwon¹

2021

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By tracing historically the evolution of Korean state-led capitalism and comparing it with other economies, this book criticizes prevalent theories including neoliberalism, the developmental state, and institutionalism, while proposing a theoretical alternative focusing on endogenous changes and institutional adaptability through elite competition within the state. Unlike the arguments of the neoliberals, the state can still play an active role in reconstituting the national economy in globalization. The Korean state successfully fosters economic growth by nurturing industrial commons even in globalization, rather than change toward a neoliberal free market system. In order to better account for sustainable economic growth over a long time, this book emphasizes institutional adaptability through elite competition, rather than offering neoliberal celebrations of the free market and the statist emphasis on the stringent Weberian state. The Korean economy, as well as the East Asian developmental state (DS) economies, could have sustainable development over a long period, not because of an apparent and standardized growth formula, or because of some institutional elements of a stringent Weberian state, but because they have adjusted their methods and strategies of development through competition among elites inside and outside the state, as new challenges, never met with an apparent solution, have continuously emerged. In order to better account for the evolution of state-led developmentalism in Korea, as well as in other countries, this book proposes changes by competition among elites within as well as outside the state, which causes changes in developmentalism and more flexible adjustments in new contexts.

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Securing the Home Market: A New Approach to Korean Development

Cited by 16 publications

References 54 publications

Industrial Policy and Monopoly Capitalism in Nigeria: Lessons from the Dangote Business Conglomerate

Industrial Policy and Monopoly Capitalism in Nigeria: Lessons from the Dangote Business Conglomerate

Hacia un nuevo Estado desarrollista: desafíos para América Latina

Changes by Competition

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