The Political Economy of Emerging Markets and Alternative Development Paths

This volume is the continuation of our research on economic and developmental policy-making in the global semi-periphery in the post-crisis cycle (see our two recently published volumes titled ‘Market-Liberalism and Economic Patriotism in Capitalist Systems’ edited by Gerőcs and Szanyi, 2019, Palgrave Macmillan and ‘The Post-Crisis Developmental State – Perspectives from the Global Periphery’ edited by Gerőcs and Ricz, 2021). Our new volume aims to be a contribution to the analysis of emerging market economies’ alternative development trajectories, as we explore the new perspectives on semi-peripheral dependent development since the Global Financial Crisis and especially amidst the new global pandemic, the COVID-19.

The scope of comparative capitalism research has also been altered accordingly to include the analysis of emerging economies outside the core of the world system, and to make intertemporal comparisons possible (such as to define and characterise historical wavesof state capitalism). Still, we are convinced that to better understand the current wave of state capitalism and to explore its national varieties there is a need to critically reconsider existing theoretical approaches and methodologies, and to search for new ones, if necessary.

This book aims to be a contribution to the analysis of emerging market economies' alternative development trajectories and explores new perspectives on semi-peripheral dependent development, especially amidst COVID-19.


1142436785
The Political Economy of Emerging Markets and Alternative Development Paths

This volume is the continuation of our research on economic and developmental policy-making in the global semi-periphery in the post-crisis cycle (see our two recently published volumes titled ‘Market-Liberalism and Economic Patriotism in Capitalist Systems’ edited by Gerőcs and Szanyi, 2019, Palgrave Macmillan and ‘The Post-Crisis Developmental State – Perspectives from the Global Periphery’ edited by Gerőcs and Ricz, 2021). Our new volume aims to be a contribution to the analysis of emerging market economies’ alternative development trajectories, as we explore the new perspectives on semi-peripheral dependent development since the Global Financial Crisis and especially amidst the new global pandemic, the COVID-19.

The scope of comparative capitalism research has also been altered accordingly to include the analysis of emerging economies outside the core of the world system, and to make intertemporal comparisons possible (such as to define and characterise historical wavesof state capitalism). Still, we are convinced that to better understand the current wave of state capitalism and to explore its national varieties there is a need to critically reconsider existing theoretical approaches and methodologies, and to search for new ones, if necessary.

This book aims to be a contribution to the analysis of emerging market economies' alternative development trajectories and explores new perspectives on semi-peripheral dependent development, especially amidst COVID-19.


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The Political Economy of Emerging Markets and Alternative Development Paths

The Political Economy of Emerging Markets and Alternative Development Paths

The Political Economy of Emerging Markets and Alternative Development Paths

The Political Economy of Emerging Markets and Alternative Development Paths

eBook1st ed. 2023 (1st ed. 2023)

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Overview

This volume is the continuation of our research on economic and developmental policy-making in the global semi-periphery in the post-crisis cycle (see our two recently published volumes titled ‘Market-Liberalism and Economic Patriotism in Capitalist Systems’ edited by Gerőcs and Szanyi, 2019, Palgrave Macmillan and ‘The Post-Crisis Developmental State – Perspectives from the Global Periphery’ edited by Gerőcs and Ricz, 2021). Our new volume aims to be a contribution to the analysis of emerging market economies’ alternative development trajectories, as we explore the new perspectives on semi-peripheral dependent development since the Global Financial Crisis and especially amidst the new global pandemic, the COVID-19.

The scope of comparative capitalism research has also been altered accordingly to include the analysis of emerging economies outside the core of the world system, and to make intertemporal comparisons possible (such as to define and characterise historical wavesof state capitalism). Still, we are convinced that to better understand the current wave of state capitalism and to explore its national varieties there is a need to critically reconsider existing theoretical approaches and methodologies, and to search for new ones, if necessary.

This book aims to be a contribution to the analysis of emerging market economies' alternative development trajectories and explores new perspectives on semi-peripheral dependent development, especially amidst COVID-19.



Product Details

ISBN-13: 9783031207020
Publisher: Palgrave Macmillan
Publication date: 02/17/2023
Series: International Political Economy Series
Sold by: Barnes & Noble
Format: eBook
File size: 4 MB

About the Author

Judit Ricz (PhD) is Research Fellow at the Institute of World Economics, Centre for Economic and Regional Studies and Associate Professor at Institute of Global Studies at the Corvinus University Budapest, Hungary.

Tamás Gerőcs (PhD) is External Research Fellow at the Institute of World Economics, Centre for Economic and Regional Studies  and SUNY Binghamton, United States. 


Table of Contents

Chapter 1: Introduction: Emerging Market Economies and Alternative Development Paths.- Chapter 2: Conflict between great powers is back with vengeance: the new cold war between the US and China plus Russia.- Chapter 3: Middle-Income Trap and the Evolving Role of Institutions along the Development Path.- Chapter 4: Populism and/or developmentalism: Past and present experiences.- Chapter 5: Surviving and competing successfully? Internationalisation of state-owned companies in Central and Eastern Europe.- Chapter 6: The role of manufacturing in the Central and Eastern European countries in the various periods from transition to mature EU membership.- Chapter 7: The Belarusian Development Path: From Command Economy to State Capitalism?.- Chapter 8: Rent streams and institutional development in the (semi-)periphery: Iran and Hungary.- Chapter 9: The return of Industrial Policy in Turkey.- Chapter 10: Educational developmentalism: a key to the success of the East Asian developmental states.-Chapter 11: Are there Varieties of Capitalism in Developing Countries? Public Finance and Social Transfers in Türkiye and Poland.- Chapter 12: Emergism as Ideology: Zimbabwe’s Ill-fated Policies for an ‘Emerging’ Upper Middle-Income Economy.- Chapter 13: Conclusions: The contradictions of dependent development in hegemonic transition.

What People are Saying About This

From the Publisher

“Global Financial Crisis of 2008-2009 and later crises clearly showed serious challenges faced by global capitalism expanded worldwide in last decades. Old standard models of policy-making do not work more, search for new ideas and solutions able to support economic development is needed – especially for countries from global semi-periphery. Focusing on successes and failures of contemporary state-led developmental experiments around the world this book provides a new fresh view on perspectives for economic development in dramatically changing world.” (Andrei Yakovlev, HSE Institute for Industrial and Market Studies & Davis Center at Harvard University (United States))

““The Political Economy of Emerging Markets and Alternative Development Paths” offers a rich collection of inspiring readings to academics, policy makers, and students interested in the theories and paths of latecomer development. The conceptual contribution of the volume is to map and reflect innovel ways on new strands in comparative political economy, which increasingly focus on the dynamic factors rather than static models of capitalist development. The chapters cover a large variety of latecomer trajectories from China to Turkey, and from Central and Eastern Europe to Zimbabwe. The global and transnational comparative approach is justified by the dramatically changing geopolitics of our times marked by the rise of authoritarianism, shocks of climate change, the pandemic, and the ongoing war, which is fought not only with arms but with weaponized energy and food as well. Accordingly, the volume captures a historical turning point at which hegemony is challenged, development paths are altered, and the future is less predictable than ever.” (Béla Greskovits, Central European University, Vienna (Austria))


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