Beyond Market-Driven Development: Drawing on the Experience by Costas Lapavitsas

By Costas Lapavitsas

Because their economies have been regulated, their monetary platforms ‘repressed’ and their states interventionist, for a few years the nations of East Asia challenged the Washington consensus, delivering another improvement paradigm. notwithstanding, within the 1990’s, Asian capitalism used to be disrupted following Japan’s stagnation and the monetary main issue of 1997-98.

Treading the unexplored theoretical terrain created by means of the simultaneous decline of the Washington Consensus and Asian developmentalism, this revealing booklet analyzes the comparative political economic climate of East Asia and Latin the United States. Divided into 4 key sections, it covers:

  • Theoretical Framework
  • Results of Globalization
  • Converging and Diverging of Paths of monetary Development
  • Finance and Regionalism.

Through the juxtaposition of nations in East Asia and Latin the US, top teachers study the influence of presidency intervention, institutional malfunction, social transformation and fiscal switch in addition to clash and gear on fiscal improvement. This e-book will end up to be worthwhile to scholars and teachers of improvement economics.

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Extra info for Beyond Market-Driven Development: Drawing on the Experience of Asia and Latin America

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234) concludes: ‘The successful developmental state should obviate the need for its existence as the private sector, once nurtured by government, strengthens economically’. 8 See Sum (2000) for the developmental state literature as a form of orientalism. 9 Note that Cumings (1999) observes how such distinctions and oppositions are far from sharp. 10 See also Aoki (1998), Kim (1998), Woo-Cumings (1998) and Booth (1997). The roles of Japan as colonial power, followed by US aid, are important aspects of ‘initial conditions’.

Sum, N. (2000) ‘Globalization and its “other(s)”: three “new kinds of orientalism” and the political economy of trans-border identity’, in Hay and Marsh (2000). Wade, R. (1990) Governing the Market: Economic Theory and the Role of Government in Taiwan’s Industrialization, Princeton, NJ: Princeton University Press. Wade, R. (1998) ‘From “miracle” to “cronyism”: explaining the great Asian slump’, Cambridge Journal of Economics 22: 6, 693–706. Wade, R. and Veneroso, F. (1998), ‘The Asian crisis: the high debt model versus the Wall Street–Treasury–IMF complex, New Left Review 228: 3–23.

Williams, G. (1997) ‘State, discourse, and development in India: the case of West Bengal’s Panchayati Raj’, Environment and Planning A 29: 12, 2099–112. Woo-Cumings, M. (1998) ‘The political economy of growth in East Asia: a perspective on the state, market, and ideology’, in Aoki et al. (1998b). Woo-Cumings, M. (1999a) ‘Introduction: Chalmers Johnson and the politics of nationalism and development’, in Woo-Cumings (1999b). Woo-Cumings, M. ) (1999b) The Developmental State, Ithaca, NY: Cornell University Press.

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