Political Economy

Beyond the Developmental State: Industrial Policy into the by Jyoti Saraswati, Visit Amazon's Ben Fine Page, search

By Jyoti Saraswati, Visit Amazon's Ben Fine Page, search results, Learn about Author Central, Ben Fine, , Daniela Tavasci

Moving past summary fiscal types and superficial descriptions of the industry, Beyond the Developmental State analyses the industrial, political and ideological pursuits which underpin present socio-economic processes.

Through this method, the members convey the shut interrelation among states and markets in either nationwide and foreign contexts. Drawing on a variety of case experiences and subject matters, the publication exposes the theoretical and empirical obstacles of the developmental nation paradigm, delivering possible choices in addition to discussing the coverage implications and demanding situations they raise.

For students, scholars and practitioners of improvement, Beyond the Developmental State offers a decisive holiday with the previous dogmas of either neoliberal orthodoxy and theories of 'market-imperfection', and descriptions theoretically and empirically grounded alternatives.

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Extra resources for Beyond the Developmental State: Industrial Policy into the Twenty-first Century

Sample text

The last section offers some implications for industrial and sectoral studies, based on the findings of the preceding sections. 2 THE JAPANESE AND SOUTH KOREAN STEEL INDUSTRIES AND THE DSP The steel industry is a key sector with regard to the industrialisation of an economy. First, the linkages between the steel industry and the other manufacturing industries are extremely important. Hirschman (1958), who presented the concept of backward and forward linkages, pointed out that the steel industry scored highest in these effects.

To wise industrial policy, on the one hand, and the autonomy of the government, the absence of a strong economic class, and the capability of bureaucrats and institutions in formulating and implementing industrial policy, on the other (Enos and Park 1988; Amsden 1989; Juhn 1990; D’Costa 1994; Stern et al. 117), ‘the autonomy of the state, which was also extended to POSCO, definitely played a role in capturing the benefits of changing technologies’. Needless to say, it is extremely important to examine the developmental process of POSCO.

3 MIRACULOUS DEVELOPMENT: THE RISE OF THE DEVELOPMENTAL STATE? The Japanese steel industry showed rapid development from 1946 to the early 1970s. 5 Japan established the most efficient steel-making industry in the world in the late 1950s, building integrated steel works with mammoth blast furnaces, basic oxygen furnaces Fine T02670 01 text 37 16/04/2013 15:59 38 Beyond the Developmental State (BOFs), and hot strip mills sited at deep-water ports. Competition among the six private integrated firms realised economies of scale throughout the 1960s and 1970s.

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