Developmental state
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Developmental state, or hard state, is a term used by international political economy scholars to refer to the phenomenon of state-led macroeconomic planning in East Asia in the late 20th century. In this model of capitalism (sometimes referred to as state development capitalism), the state has more independent, or autonomous, political power, as well as more control over the economy. A developmental state is characterized by having strong state intervention, as well as extensive regulation and planning. The term has subsequently been used to describe countries outside East Asia that satisfy the criteria of a developmental state. Botswana, for example, has warranted the label since the early 1970s.
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See also
- Dirigisme
- East Asian model of capitalism
- Economic development
- Economic interventionism
- Flying geese paradigm
- Four Asian Tigers
- Good governance
- International political economy
- Japanese post-war economic miracle
- Poverty reduction
- State capitalism
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