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

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Date

2022

Authors

Karaoguz, Huseyin Emrah

Journal Title

Journal ISSN

Volume Title

Publisher

Savez Ekonomista Vojvodine

Open Access Color

Green Open Access

Yes

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Publicly Funded

No
Impulse
Average
Influence
Average
Popularity
Average

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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.

Description

Keywords

Middle-Income Trap, Political-Economy, Industrial-Policy, Rising Powers, Middle-Income Trap, Political-Economy, Growth, Industrial-Policy, Institutions, Rising Powers, Growth, Lessons, Institutions, Taiwan, Lessons, Taiwan, Political economy, Korea, Developmental state, Korea, Economic development, Korea, Economic development, developmental state, Taiwan, Middle-Income Trap, Growth, Political-Economy, Institutions, economic development, Developmental state, political economy, HB1-3840, Rising Powers, Industrial-Policy, Political economy, Economic theory. Demography, Lessons

Fields of Science

05 social sciences, 0506 political science, 0502 economics and business

Citation

WoS Q

Q3

Scopus Q

Q2
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OpenCitations Citation Count
4

Source

Panoeconomicus

Volume

69

Issue

1

Start Page

55

End Page

72
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Citations

Scopus : 6

Captures

Mendeley Readers : 19

SCOPUS™ Citations

6

checked on Feb 11, 2026

Web of Science™ Citations

6

checked on Feb 11, 2026

Page Views

5

checked on Feb 11, 2026

Downloads

91

checked on Feb 11, 2026

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0.99237239

Sustainable Development Goals

8

DECENT WORK AND ECONOMIC GROWTH
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