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Developmental states in the 21st century - analytical structure of a new approach

Author

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  • Judit Ricz

    (Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences)

Abstract

The financial and economic crisis of 2008-9 and the following difficulties have brought back the analysis of active state involvement in the economy to the research agenda of economists, and a new renaissance of developmental state (DS) approach can be observed. The aim of our paper is to draw up a new approach of DS in the twenty-first century by reviewing most recent literature. In our analysis we argue that to construct a new DS concept one has to break up with the historical and geographical limitation of the classic DS paradigm and the ideological debate around it. Meanwhile one has to build upon most recent results of new institutional, political and development economics’ analysis as well as the more than half century long experiences of classic DS. While presenting the structure and main elements of the new DS approach we aim to highlight those questions and areas of analysis, where consensus seems to emerge in literature.

Suggested Citation

  • Judit Ricz, 2016. "Developmental states in the 21st century - analytical structure of a new approach," IWE Working Papers 223, Institute for World Economics - Centre for Economic and Regional Studies.
    • Handle: RePEc:iwe:workpr:223
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    File URL: https://vgi.krtk.hu/publikacio/no-223-2016-09/
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    References listed on IDEAS

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    11. Philippe Aghion, 2005. "Growth and Institutions," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 32(1), pages 3-18, March.
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    Cited by:

    1. Judit Ricz, 2017. "New developmentalist experiments in Brazil and Egypt - a comparative study," IWE Working Papers 227, Institute for World Economics - Centre for Economic and Regional Studies.
    2. Judit Ricz, 2018. "New developmentalism in the 21st century - towards a new research agenda," IWE Working Papers 245, Institute for World Economics - Centre for Economic and Regional Studies.

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    More about this item

    Keywords

    developmental state; globalization; inclusive development;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform

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