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State-market-society alliance: The evolving nature of the '21st century developmental state'

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  • Pui Yi Wong

Abstract

While mainstream economics since the 1980s has been largely characterized by neo-liberal ideology, the past decade witnessed the rise of nationalism and protectionist policies globally. The latest COVID-19 pandemic has further refocused attention on the crucial roles played by effective states in protecting public welfare and a working economy. This literature review traces the 'developmental state' paradigm as it evolved from the classical developmental state model into the 21st-century developmental state.

Suggested Citation

  • Pui Yi Wong, 2020. "State-market-society alliance: The evolving nature of the '21st century developmental state'," WIDER Working Paper Series wp-2020-103, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2020-103
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    References listed on IDEAS

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    1. Krueger, Anne O, 1990. "Government Failures in Development," Journal of Economic Perspectives, American Economic Association, vol. 4(3), pages 9-23, Summer.
    2. Daniela Tavasci & Jan Toporowski, 2010. "Introduction," Palgrave Macmillan Books, in: Daniela Tavasci & Jan Toporowski (ed.), Minsky, Crisis and Development, pages 1-11, Palgrave Macmillan.
    3. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
    4. Laura Routley, 2014. "Developmental States in Africa? A Review of Ongoing Debates and Buzzwords," Development Policy Review, Overseas Development Institute, vol. 32(2), pages 159-177, March.
    5. Mkandawire, Thandika, 2001. "Thinking about Developmental States in Africa," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 25(3), pages 289-313, May.
    6. Dani Rodrik, 1998. "Has Globalization Gone Too Far?," Challenge, Taylor & Francis Journals, vol. 41(2), pages 81-94, March.
    7. Terence Gomez & François Bafoil & Kee-Cheok Cheong, 2015. "Government-Linked Companies and Sustainable, Equitable Development," Post-Print hal-01520351, HAL.
    8. repec:bla:devpol:v:25:y:2007:i:5:p:531-552 is not listed on IDEAS
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    Keywords

    Developmental state; Market; Society;
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