Developmental States and the Legal Order: Towards a New Political Economy of Development and Law

Author(s):  
David M. Trubek
2020 ◽  
Vol 40 (4) ◽  
pp. 689-711
Author(s):  
Roberta Rodrigues Marques da Silva ◽  
Rafael Shoenmann de Moura

ABSTRACT This article investigates comparatively the recent developmental dynamics of four East Asian political economies: Japan, South Korea, Taiwan and China. We analyze how the critical juncture engendered by the systemic crisis of the US subprime impacted on its State capabilities, particularly regarding industrial policy, being mediated by the respective regulatory and institutional frameworks. Additionally, we compare the impacts of the 2008 crisis and the previous Asian regional crisis of 1997. Our findings indicate that State capabilities, associated to the historical construction of a Developmental State, were a central feature to understand the resilience of each political economy.


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