Private Governance in Taiwan
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WHERE HAVE ALL THE DEVELOPMENTAL STATES GONE?
During the 1980s, developmental state theory replaced both modernization and dependency theory as the dominant paradigm in political economy. The evidence of rapid economic growth in Japan, Taiwan, Singapore, and South Korea in the postwar era made the model of the developmental state the jewel in the crown in academic discussion as well as in policy-making circles. In recent years, however, this theory has come under increasing challenge. On the one hand, all the East Asian nations except Singapore have moved away from the stereotype of a developmental state as they have experienced some combination of political democratization and economic liberalization. On the other, no other developing countries have established a similar developmental state, although some countries, such as China and Malaysia, have replicated similar economic performance. Is the theory of the developmental state a theory only applicable to a small number of cases for a limited period of time? Is there a theory that can account for the political economy of these Asian countries both before and after democratization?
KeywordsDevelopmental State Business Leader Large Enterprise Democratic Progressive Party Business Association
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