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.
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