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The transformation of the East Asian states : From the developmental state to the market-oriented state

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  • The transformation of the East Asian states
  • Kim, Yun Tae
  • Korean Social Science Research Council


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Title The transformation of the East Asian states
Similar Titles
Sub Title

From the developmental state to the market-oriented state

Material Type Articles
Author(English)

Kim, Yun Tae

Publisher

[Seoul]:Korean Social Science Research Council

Date 2007
Journal Title; Vol./Issue Korean Social Science Journal:vol. 34(no. 1)
Pages 30
Subject Country Eastern Asia(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Economic Administration
Economy < Economic System
Holding Korean Social Science Research Council

Abstract

This article reviews the main characteristics of state‐led development in East Asia and follows this up with an analysis of the increasing pressures on developmental states. The state has had to confront both internal economic constraints and external pressures, such as political liberalization and economic globalization, and the prospects for sustaining long‐term development plans within nation‐states seem even less promising in a deregulated global economy. The East Asian states have recognized that their national systems of economic development have declined, and that their policy initiative has therefore become less effective. They have in fact witnessed a transition from the developmental state to the postdevelopmental state, although the conventional statist assumptions ignore this transition. As other governments pursued market‐conforming economic policies, the postdevelopmental market‐oriented states established rules governing the market economy and abolishing government regulation.