The Role of the State in Economic Change
  • The Role of the State in Economic Change
  • The Role of the State in Economic Change

The Role of the State in Economic Change

by Ha-Joon Chang
     
 

The role of the state has occupied centre stage in the development of economics as an independent discipline and is one of the most contentious issues addressed by contemporary economists and political economists. The immediate postwar years saw a swing in economic theory towards interventionism, motivated by the urgent need for reconstruction in advanced capitalist… See more details below

Overview

The role of the state has occupied centre stage in the development of economics as an independent discipline and is one of the most contentious issues addressed by contemporary economists and political economists. The immediate postwar years saw a swing in economic theory towards interventionism, motivated by the urgent need for reconstruction in advanced capitalist countries, the establishment of socialism in parts of Asia and Eastern Europe, and the liberation of many developing nations from colonialism. After a quarter of a century of interventionist policies, a vigorous backlash against state intervention began with the discrediting of welfare statism in advanced capitalist countries, grew through the spread of liberalization programmes among developing nations during the 1980s, and culminated in the dismantling of socialist central planning since 1989. In this volume, ten distinguished contributors examine patterns of interventionism and anti-interventionism in a wide variety of historical, political, and institutional contexts, and within different theoretical traditions. Their primary focus is on the internal factors which shape the role of the state and determine its effectiveness in promoting economic change. They explain the growing disenchantment with the Neo-Liberal, anti-interventionist programme - even in Eastern Europe and the former USSR, where the initial optimism in the efficacy of the free market is fading fast. The overall conclusion of the empirical and theoretical analysis is that the simplistic notion of politics fundamental to Neo-Liberal arguments makes them at best misleading and at worst deceitful. Although one can talk of certain general principles, there isno hard and fast rule to determine the optimal degree and the desirable areas of state intervention, which can only be determined in the concrete historical, institutional, and geographical context. The challenge is to form a new synthesis in which the valid insights of

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Product Details

ISBN-13:
9780198289845
Publisher:
Oxford University Press, USA
Publication date:
09/28/1997
Series:
WIDER Studies in Development Economics Series
Pages:
320
Product dimensions:
6.44(w) x 9.50(h) x 0.94(d)

Table of Contents

List of Contributors
1Introduction1
2Role of the State in Economic Change: Entrepreneurship and Conflict Management31
3International Economic Integration and the Changing Role of National Governments51
4The Myth of Anglo-Saxon Capitalism: Reconstructing the History of the American State81
5Resolving the State-Market Dilemma in East Asia114
6The State and Structural Change: What can be Learnt from the Successful Late Industrializers?137
7The State and Industrialization in India: Successes and Failures and the Lessons for the Future170
8The State and Economic Change in Africa187
9The State under State Socialism and Post-Socialism215
10Politics, Planning, and the Transition from Stalinism: the Case of China237
11The State and Economic Reform in Vietnam and the Lao PDR262
Index293

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