Is the developmental state dead, superseded by the liberal or competition state, a servant of markets, or has it evolved to fit changing geopolitical, economic, and technological circumstances? In affirming the latter, we first consider the national level, then extend our scope to consider decentralization, local developmentalism, and multilevel governance. Relatedly, we examine ‘smart cities’ (or ‘fast cities’) in China and India, which embody many of the processes and tensions of compressed development. Finally, we return to the notion of ‘embedded autonomy’ in state–civil society relations. Compression heightens two paradoxes of the developmental state and raises the importance of the state interacting with a wider range of civil society actors, in addition to business, to address its simultaneous challenges.