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
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Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter (peer-reviewed)
Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter (peer-reviewed)
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TY - CHAP
T1 - The developmental state in an era of finance-dominated accumulation
AU - Jessop, Bob
N1 - 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
PY - 2016/1/20
Y1 - 2016/1/20
N2 - 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.
AB - 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.
KW - developmental state
KW - knowledge-based economy
KW - financialization
KW - crisis
KW - Listian workfare national state
KW - Schumpeterian workfare postnational regime
KW - national security state
KW - Catch-up competitiveness
M3 - Chapter (peer-reviewed)
SN - 9781137476111
SP - 27
EP - 55
BT - The Asian developmental state
A2 - Chu, Yin-Wah
PB - Palgrave-Macmillan
CY - New York
ER -