scholarly journals The political economy of the rise and decline of developmental states

2011 ◽  
Vol 58 (1) ◽  
pp. 43-56 ◽  
Author(s):  
de Medeiros
Keyword(s):  
Political Economy ◽  
Latin American ◽  
National Development ◽  
Developmental State ◽  
Developmental States ◽  
Neoliberal Reforms ◽  
Classical Political Economy ◽  
International Environment ◽  
Economic Strategies ◽  
National Economic

Based on a classical political economy, on Latin American structuralism, and on Gramscian perspective about the state this paper argues that national economic strategies are formed by particular interactions between institutions and economic structures and evolve according to social conflicts in a non neutral international environment. This idea is explored to interpret the rise of the developmental state in some national development strategies experienced by peripheral countries during the highest convergence period of the Golden Age and its crisis and redefinitions during the greatest divergence phase and neoliberal reforms of the last two decades of the 20th century.

scholarly journals Redesign or demise of old Developmental States? East Asia in the post-financial crisis of 2008

2020 ◽  
Vol 40 (4) ◽  
pp. 689-711
Author(s):  
Roberta Rodrigues Marques da Silva ◽  
Rafael Shoenmann de Moura
Keyword(s):  
Political Economy ◽  
East Asian ◽  
Developmental State ◽  
Central Feature ◽  
Developmental States ◽  
Institutional Frameworks ◽  
The Us ◽  
Political Economies ◽  
Systemic Crisis ◽  
Developmental Dynamics

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.

Economics as a Public Mission

2019 ◽  
pp. 115-143
Author(s):  
Amy C. Offner
Keyword(s):  
United States ◽  
Political Economy ◽  
Economic Policy ◽  
Latin America ◽  
National Development ◽  
The United States ◽  
Economic Research ◽  
National Economic ◽  
Specialized Form ◽  
National Economic Policy

This chapter focuses on John M. Hunter, the thirty-nine-year-old Illinois native who spoke as director of Colombia's first economic research center and addressed readers of one of Colombia's premier journals of economic research, the Revista del Banco de la República. It also talks about economics in Latin America. During the years after 1945, Colombian universities established freestanding economics programs where none had existed before. There had been men called economists in Colombia for decades; they were brilliant lawyers, engineers, businessmen, and politicians who made national economic policy and taught occasional courses in political economy on the side. But the crisis of the 1930s had inspired a new regard for economic expertise as a specialized form of knowledge, and Colombians set out to create a new kind of economist to steer the state. The invention of economics as an independent discipline, a nineteenth-century process in the United States and much of Europe, was thus a twentieth-century phenomenon in Latin America, born of new visions of national development and spearheaded by renowned men in business and government.

South Africa’s Journey towards a Democratic Developmental State

2019 ◽  
Vol 49 (2) ◽  
Author(s):  
Vusi Gumede
Keyword(s):  
South Africa ◽  
Economic History ◽  
National Development ◽  
Developmental State ◽  
National Planning ◽  
Developmental States ◽  
Asian Tigers ◽  
History Of ◽  
Institutional Architecture ◽  
Theoretical Foundations

This article analyses key policies and documents, which form the basis of democratic South Africa’s desire to becoming a developmental state. In order to understand the notion of a developmental state, I provide a discussion on the theoretical foundations of the concept by drawing on examples from other countries (such as the Asian Tigers) that have embarked on a journey to become developmental states. Through a comparative analysis, and by probing the National Development Plan (NDP), as well as the work of the National Planning Commission (NPC) broadly, I examine South Africa’s prospects of becoming a developmental state. To this effect, I argue that although the foundation that was laid for South Africa to become a democratic developmental state (DDS) was relatively solid, South Africa has veered far away from becoming a developmental state any time soon. But, given the existing institutional architecture, as well as an assessment of developmental outcomes, it would seem that South Africa can still become a viable developmental state—although South Africa has lost many of the salient attributes of developmental states. It is also worth highlighting that it was always going to be difficult for South Africa to become a developmental state because of the political and economic history of the country. The article makes suggestions with regard to what could be done to ensure that South Africa becomes a viable, fully-fledged, democratic developmental state.

Comparative capitalisms and Latin American neodevelopmentalism: A critical political economy view

2014 ◽  
Vol 38 (1) ◽  
pp. 102-114 ◽  
Author(s):  
Matthias Ebenau
Keyword(s):  
Political Economy ◽  
Latin American ◽  
World Economy ◽  
National Development ◽  
Case Analysis ◽  
Research Programme ◽  
Free Competition ◽  
The World ◽  
Comparative Capitalisms ◽  
Collective Actor

This article engages critically with an emerging Brazilian research programme, ‘varieties of capitalism and development in Latin America’, a perspective which seeks to ascertain the institutional chances of, and limits to, the implementation of state-led ‘national development strategies’. Adopting a critical political economy viewpoint, the text discusses the deficiencies inherent in this perspective and its neoinstitutionalist and neodevelopmentalist fundamentals. In particular, it questions the vision of the world economy as an arena of free competition and that of the nation-state as a ‘collective actor’, both of which are politically and analytically problematic. These criticisms are substantiated through evidence drawn from a case analysis of the recent trajectory of the Argentinian neodevelopmentalist project.

The Political Economy of the Developmental State in Latin America

2019 ◽  
Author(s):  
José Carlos Orihuela
Keyword(s):  
Political Economy ◽  
Latin America ◽  
Latin American ◽  
Debt Crisis ◽  
Developmental State ◽  
Learning By Doing ◽  
Mental Maps ◽  
Role Of The State ◽  
Cultural Legacies ◽  
Political Economic

The role of the state in economic development is broad, old, and metamorphic. Drawing on historical political economy and a critical reading of new institutional scholarship, our understanding of the developmental state is contextual and complex. Successful developmental state formation is the result of stable political-economic environments, cultural legacies of earlier state-making functioning as mental maps for new statecraft, coherent institutional and policy entrepreneurship, and sustained growth that gives positive feedback in state-making. Latin American state developmentalism has always been diverse, before and after the debt crisis. In the era of state-led industrialization, the Latin American developmental state “failed” because, with domestic and regional markets small and dependence on foreign markets and financial capital high, macroeconomic policymaking did not learn to deal with crises and cyclical external conditions. Developmental state success in the 21st century depends on undertaking less volatile political-economic pathways to facilitate organizational learning by doing. In exclusionary Latin America more than in other corners of the world, developmental state success also means reconciling economic and social goals.

scholarly journals Consolidating South Africa’s Emerging Democratic Developmental State from Below

2020 ◽  
Vol 42 (2) ◽  
Keyword(s):  
Local Government ◽  
Developing Economies ◽  
National Development ◽  
Active Role ◽  
Developmental State ◽  
Development Theory ◽  
Democratic Development ◽  
Developmental States ◽  
Subnational Governments

The South African National Development Plan envisions a capable democratic developmental state as the only response to the country’s deteriorating triple challenges of unemployment, poverty and inequality. A developmental state denotes a development theory that advocates for a state-led development model to accelerate economic growth and rapid industrialisation. However, most successful developmental states were led by authoritarian regimes. The rise of democracy within emerging and developing economies invokes a different kind of developmental state model, based on democratic development and the active role of subnational governments. Despite subnational governments playing a key role in democratic development, there is limited literature on the role of subnational institutions in building and consolidating democratic developmental states. This article analyses the role and contribution of subnational institutions in strengthening South Africa’s emerging democratic developmental state through developmental local government. It argues that developmental local government is underpinned by the structural and developmental ideology of a (democratic) developmental state. The article further illustrates how critical features such as maximising social and economic development; promoting democratic development; integrating and coordinating development; and building social capital are used to consolidate South Africa’s emerging democratic developmental states from below.

Argentine Riddle: The Pinedo Plan of 1940 and the Political Economy of the Early War Years

1998 ◽  
Vol 30 (3) ◽  
pp. 519-550 ◽  
Author(s):  
GISELA CRAMER
Keyword(s):  
Political Economy ◽  
Latin American ◽  
The Political ◽  
Export Markets ◽  
Finance Minister ◽  
International Environment ◽  
Wide Range ◽  
Golden Opportunity ◽  
Post War ◽  
Successes And Failures

By mid-1940, the Argentine economy seemed to be heading for a major crisis because many of her traditional export markets had suddenly become inaccessible. In response, Finance Minister Federico Pinedo and his team developed a wide range of initiatives. These aimed to overcome the crisis and restructure the Argentine economy in order to accommodate it to a changing and difficult international environment.This article analyses the nature, successes and failures of these policies. It argues that while Pinedo's initiatives certainly entailed visionary elements which anticipated major problems of the Argentine and Latin American development of the post-war era, they should not be regarded as some ‘golden opportunity’ for sound economic modernisation that was missed only because Pinedo and his fellow conservatives failed to win political approval and were later pushed aside by the rising force of populism.

scholarly journals O NACIONALISMO METODOLÓGICO NA ECONOMIA E A ECONOMIA POLÍTICA DOS SISTEMAS-MUNDO COMO POSSIBILIDADE DE SUA SUPERAÇÃO

2015 ◽  
pp. 78
Author(s):  
Pedro Antonio Vieira
Keyword(s):  
Political Economy ◽  
Economic Analysis ◽  
Latin American ◽  
World System ◽  
Friedrich List ◽  
Initial Application ◽  
Methodological Nationalism ◽  
Classical Political Economy ◽  
The World ◽  
Central Argument

RESUMO: O artigo discute a persistência do Nacionalismo Metodológico (NM) na teoria economia, desde a Economia Política Clássica até a Nova Economia Política do Sistema Mundial. O argumento central é que adoção de uma perspectiva nacional é praticamente inevitável quando a elaboração teórica visa subsidiar políticas públicas. Por isso, Georg Friedrich List parece ter sido um pioneiro na adoção do NM na economia. Pela mesma razão, o desenvolvimentismo latinoamericano incorreu no NM e a Nova Economia Política do Sistema Mundial não foi capaz de transcendê-lo. O artigo argumenta que a Economia Política dos Sistemas-Mundo tem potencial para superar o NM e ilustra este potencial com uma aplicação inicial desta perspectiva ao Brasil ABSTRACT: This paper traces the persistence of Methodological Nationalism (MN) in economic analysis, from Classical Political Economy to the new Political Economy of the World System. The central argument is that the adoption of a national outlook is almost inevitable when theoretical efforts aim to support public policies. In this sense, Georg Friedrich List was a pioneer of MN in economic analysis. For the same reason, MN was reinforced by Latin American developmentalism and couldn´t be overcome by the new Political Economy of the World System. The article claims that the Political Economy of the World-System has the potential to surpass MN, and illustrates this potential with an initial application of such a perspective to the Brazilian case.

Twilights and rebirths of National Development Banks in Latin America: Understanding factors that could have affected different trajectories in Argentina and Brazil

2016 ◽  
pp. 101-139
Author(s):  
María Luz Martínez Sola
Keyword(s):  
Political Economy ◽  
Industrial Policy ◽  
National Development ◽  
Second World War ◽  
Three Dimensions ◽  
Historical Period ◽  
World War ◽  
Political Coalitions ◽  
Development Banks ◽  
Second World

National Development Banks (NDB) could be pictured as engines pushing backward economies through the developmental ladder's rungs. After being key protagonists of industrial policy after Second World War, most NDBs were dismantled during the 1980s and 90 s. Notable exceptions to this trend exist, however. The goal of this study is thus to understand the political economy issues; Institutional Capacity International Bargaining Power and Domestic Political Coalitions; that explain those trajectories, by taking the cases of Argentina (BANADE) and Brazil (BNDES). When analyzing these three dimensions of political economy the paper concludes that the main difference between BANADE and BNDES' trajectories seems to stem from the diverse Domestic Political Coalitions crafted by Argentina and Brazil, in each historical period. Understanding the underlying conditions to create a cohesive and solid NDB is fundamental to reassess their roles in the XXI century industrial policy.

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