Developmental state
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| - | The '''Japanese economic miracle''' is known as [[Japan]]'s record period of [[economic growth]] between the post-[[World War II]] era to the end of the [[Cold War]]. During the economic boom, Japan rapidly became the world's [[Economic history of Japan|second largest economy]] (after the [[United States]]). By the 1990s, Japan's [[Aging of Japan|demographics began stagnating]] and the workforce was [[Lost Decade (Japan)|no longer expanding]] as it did in the previous decades, despite per-worker productivity remaining high. | + | '''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. |
| - | + | ==See also== | |
| - | == See also == | + | *[[Dirigisme]] |
| - | * [[Economic history of Japan]] | + | *[[East Asian model of capitalism]] |
| - | * [[Developmental state]] | + | *[[Economic development]] |
| - | * [[Meiji Restoration]] | + | *[[Economic interventionism]] |
| - | * [[Japanese military modernization of 1868–1931]] | + | *[[Flying geese paradigm]] |
| - | * [[Flying geese paradigm]] | + | *[[Four Asian Tigers]] |
| - | * [[Cool Japan]] | + | *[[Good governance]] |
| - | * [[Post-war economic boom]] | + | *[[International political economy]] |
| - | ** [[Four Asian Tigers]] | + | *[[Japanese post-war economic miracle]] |
| - | *** [[Taiwan Miracle]] | + | *[[Poverty reduction]] |
| - | *** [[Miracle on the Han River]] | + | *[[State capitalism]] |
| - | ** [[Wirtschaftswunder]] | + | |
| - | * [[Tiger Cub Economies]] | + | |
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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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