Wcce2015 152

Page 1

Redefining developmental states: experiences and lessons from East Asian and Latin American development models

Ricz, Judit1 Preliminary draft paper prepared for the First World Congress of Comparative Economics (Rome, June 25-27) Please do not cite, however any comments are welcome ricz.judit@krtk.mta.hu

Intellectual debate on the role of the state in development and state interventionism has been revitalized by new challenges in the twenty first century in general and experiences and consequences of the recent financial and economic crisis of 2008-9 in particular. We aim to contribute to this debate by looking at historical and recent development experiences of East Asia and Latin America and the new economic policy model emerging since the Millennium across the two regions. In the first part we compare two classic examples of developmental states the East Asian and Latin American cases, and to draw some lessons for contemporary developmental states we use a historical approach while focusing on the second part of the last century. First we highlight main differences of growth and development paths by looking at the numbers, and then we sum up the classic characteristics of the East Asian developmental state while embedding it in its specific context. This classic paradigm of developmental state serves as reference while summarizing main cornerstones of the fundamentally different developmental model of Latin America. In the second part we critically investigate recent changes and evolutions in the Latin American and East Asian region and highlight main similarities (continuities) and differences (changes) respectively to their classic developmental state approach. Our aim is to search for possible generalizations on the level of stylized facts regarding the changing role of the state in development, more concretely to draw some conclusions regarding the new concept of developmental state in the twenty first century. Keywords: developmental state, East Asia, Latin America, globalization, financial crisis, development

1

Ricz, Judit, reserach fellow at Institute of World Economics, Centre for Economic and Regional Studies of the Hungarian Academy of Sciences. ricz.judit@krtk.mta.hu

1


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Wcce2015 152 by Mohamed Rahumathulla Mohamed - Issuu