The debate over how far governments should intervene in economies in order to promote economic growth, a debate which from the 1980s seemed settled in favour of the neo-liberal, non-interventionist consensus, has taken on new vigour since the financial crisis of 2008 and after. Some countries, most of them in industrialised Asia, have survived the crisis, and secured equitable economic growth, by adopting a developmental state model, whereby governments have intervened in their economies, often through explicit support for individual companies. This book explores debates about government intervention, assesses interventionist policies, including industrial and innovation policies, and examines in particular the key institutions which play a crucial role in implementing government policies and in building the bridge between the state and the private sector. The countries covered include China, India, South Korea, Malaysia and Taiwan, together with representative countries from Europe and Latin America.
Introduction Edmund Terence Gomez, François Bafoil and Cheong Kee Cheok 1. Economic Liberalization and the Performance of Public Sector Enterprises in India Sunil Mani 2. The Chinese State, State Enterprises, and the Global Crisis Cheong Kee Cheok, Li Ran and Zhang Miao 3. The Creative Role of the State and Entrepreneurship: The Case of Taiwan Michelle F. Hsieh 4. South Korea: GLCs as Agents of Economic Development Jong G. Back 5. The State’s Business: Government-Linked Companies, the Financial Sector, and Socioeconomic Development in Malaysia Edmund Terence Gomez, Elsa Satkunasingam, and Lee Hwok Aun 6. Poland: A Systemic Transforming Process From State-Planned to Liberal Economy François Bafoil 7. Internationalization and a Competitiveness Agenda: Development Banks and Agencies Responses to the Financial Crisis in Brazil and ChileAlvaro Artigas
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