Home > Research > Publications & Outputs > The developmental state in an era of finance-do...

Electronic data

  • DevState-HKBU-2016-Jessop-FInal

    Rights statement: The Developmental State in an Era of Finance-Dominated Accumulation Bob Jessop Submitted version of chapter in Yin-Wah CHU, ed., ed., The Asian Developmental State: Reexaminations and New Departures, New York: Palgrave-Macmillan, 978-1-137-47612-8, pp. 27-55, c2016 reproduced with permission of Palgrave Macmillan. This extract is taken from the author's original manuscript and has not been edited. The definitive, published, version of record is available here: http://www.palgrave.com/gp/book/9781137476111

    Submitted manuscript, 360 KB, PDF document

    Available under license: CC BY-NC

View graph of relations

The developmental state in an era of finance-dominated accumulation

Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSNChapter (peer-reviewed)

Published
Publication date20/01/2016
Host publicationThe Asian developmental state: reexaminations and new departures
EditorsYin-Wah Chu
Place of PublicationNew York
PublisherPalgrave-Macmillan
Pages27-55
Number of pages29
ISBN (Electronic)9781137476128
ISBN (Print)9781137476111
Original languageEnglish

Abstract

This chapter puts the developmental state in its place theoretically and historically and proposes an alternative account of recent changes in the role of developmental states in East Asia. It reinterprets the developmental state in terms of the state’s commitment to promoting the economic and extra-economic conditions for catch-up competitiveness and notes that such actions have at least a 500-year history starting in Europe. Because the frontiers and horizons of catch-up competitiveness change, the modes of governance adopted by states also change. On this basis the chapter presents a political economy of the East Asian developmental state, based on critical state theory and the regulation approach; analyses its crisis-tendencies in its ‘classic’ form of the Listian workfare national state; and indicates how East Asian states are adapting to the rise of the knowledge-based economy as the currently hegemonic economic imaginary and to finance-dominated accumulation (also known as financialization) as the currently dominant accumulation regime on a world scale. The chapter ends with some remarks on the research agenda that follows from this approach.

Bibliographic note

Derives from Conference at Baptist University, Hong Kong, December 2013 The Developmental State in an Era of Finance-Dominated Accumulation Bob Jessop Submitted version of chapter in Yin-Wah CHU, ed., ed., The Asian Developmental State: Reexaminations and New Departures, New York: Palgrave-Macmillan, 978-1-137-47612-8, pp. 27-55, c2016 reproduced with permission of Palgrave Macmillan. This extract is taken from the author's original manuscript and has not been edited. The definitive, published, version of record is available here: http://www.palgrave.com/gp/book/9781137476111