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States and economic development

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  • Atul Kohli

Abstract

Today the Washington Consensus on development lies in tatters. The recent history of the developing world has been unkind to the core claim that a nation that opens its economy and keeps government’s role to a minimum invariably experiences rapid economic growth. The evidence against this claim is strong: the developing world as a whole grew faster during the era of state intervention and import substitution (1950-1980) than in the more recent era of structural adjustment (1990-2005); and the recent economic performance of both Latin America and Sub-Saharan Africa—regions that truly embraced neoliberalism—has lagged well behind that of many Asian economies, which have instead pursued judicial and unorthodox combinations of state intervention and economic openness. As scholars and policy makers reconstruct alternatives to the Washington Consensus on development, it is important to underline that prudent and effective state intervention and ive integration with the global economy have been responsible for development success in the past; they are also likely to remain the recipes for upward mobility in the global economy in the future. JEL Classification: O38; O43; O57, P51.

Suggested Citation

  • Atul Kohli, 2009. "States and economic development," Brazilian Journal of Political Economy, Center of Political Economy, vol. 29(2), pages 212-227.
  • Handle: RePEc:ekm:repojs:v:29:y:2009:i:2:p:212-227:id:477
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    Citations

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    Cited by:

    1. Thomas Eimer & Susanne Lütz, 2010. "Developmental states, civil society, and public health: Patent regulation for HIV/AIDS pharmaceuticals in India and Brazil," Regulation & Governance, John Wiley & Sons, vol. 4(2), pages 135-153, June.
    2. Guillermo Maya Munoz, 2018. "¿Por qué Corea del Sur sí pudo?," Ensayos de Economía 16774, Universidad Nacional de Colombia Sede Medellín.
    3. Rachel A. Epstein, 2014. "JCMS Special Issue 2014: Eastern Enlargement Ten Years On: Transcending the East-West Divide? Guest Editors: Rachel A. Epstein and Wade Jacoby," Journal of Common Market Studies, Wiley Blackwell, vol. 52(1), pages 17-34, January.

    More about this item

    Keywords

    states and industrialization; growth in developing countries; South Korea; India; Nigeria and Brazil; state types and state capacity;
    All these keywords.

    JEL classification:

    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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