Review by Huseyin Emrah Karaoguz
Panoeconomicus 2014, 4, pp. 517-526

Is it the end for the developmental state? One can take several positions to answer this question, ranging from the extreme market economy perspective to the extreme developmental state one. Each of these stances has its nuanced understanding of the issue and envisages a different type of balance between the state and the market in enhancing development.

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This book brings together leading scholars of development to assess the current status of the ‘developmental state’ in several developing and transitional economies of South Korea, Taiwan, Ireland, the United Kingdom, China, South Africa, Brazil and India. Has the concept of the developmental state become outmoded? These authors would suggest not. However, they do argue that the historical trajectories of developmental states in Asia, Latin America, Africa and Europe suggest all too clearly that the concept must be re-examined critically and creatively.

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