The Developmental State in the 21st Century: A Critical Analysis and a Suggested Way Forward

Authors

  • Hüseyin Emrah Karaoğuz Kadir Has University, Department of International Relations, Turkey

DOI:

https://doi.org/10.2298/PAN180918005K

Keywords:

Political economy, Developmental state, Economic development

Abstract

A vast literature has accumulated on the developmental state since its introduction to scholarship in the 1980s. Despite many criticisms, developmental state is still the most viable alternative to the orthodoxy in the eyes of many. This article analytically investigates the sources of pessimism and optimism in the building of 21st century developmental states. The study notes that although there are sound reasons to be pessimistic regarding the emergence of successful cases in the new millennium, there are also reasonable grounds to be optimistic. A complex dynamic within and between domestic and international spheres determines the outcome, but there is no reason to disregard prematurely or embrace indisputably the developmental state construct. 

Key words: Political economy, Developmental state, Economic development. 

JEL: O20, O57, P16.

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Published

2022-03-01

How to Cite

Karaoğuz, H. E. (2022). The Developmental State in the 21st Century: A Critical Analysis and a Suggested Way Forward. Panoeconomicus, 69(1), 55–72. https://doi.org/10.2298/PAN180918005K

Issue

Section

Original scientific paper