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The Developmental State in an Era of Finance-Dominated Accumulation

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Book cover The Asian Developmental State

Abstract

There have been three main accounts of East Asian export-oriented economic growth in the 1980s: getting prices right, the developmental state (DS), and Confucian capitalism. None is satisfactory and, together, they reproduce the market—state—civil society triplet, which originates in European Enlightenment thinking, and one-sidedly highlight the roots of the miracle in one or other of these ensembles. This suggests the need for an alternative approach to interpreting and explaining economic development and social formations that can provide a more powerful and comprehensive account not only of the East Asian economic miracles but also of their crisis tendencies and partial recovery from that crisis. This approach should also be able to explain the variety of DSs in this region and the similarities to, and differences from, cases in other times and places. This is one aim of this chapter.

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Authors
  1. Bob Jessop
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Editor information

Editors and Affiliations

  1. Hong Kong Baptist University, China

    Yin-wah Chu (Associate Professor of sociology) (Associate Professor of sociology)

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© 2016 Yin-wah Chu

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Jessop, B. (2016). The Developmental State in an Era of Finance-Dominated Accumulation. In: Chu, Yw. (eds) The Asian Developmental State. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137476128_2

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