IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v40y2020i2id95096.html

South Korea’s and China’s catching-up: a new-developmentalist analysis

Author

Listed:
  • Luiz Carlos Bresser-Pereira

    (Professor Emeritus of Fundação Getulio Vargas – FGV, São Paulo/SP, Brasil.)

  • Elias Jabbour

    (is lecturer at Faculdade de Ciências Econômicas e do Programa de Pós-Graduação em Ciências Econômicas da Universidade do Estado do Rio de Janeiro – PPGCE-FCE-UERJ, Rio de Janeiro/ RJ, Brasil.)

  • Luiz Fernando de Paula

    (is a lecturer of Instituto de Economia da Universidade Federal do Rio de Janerio – IE-UFRJ, Rio de Janeiro/RJ, Brasil.)

Abstract

The purpose of this paper is to analyze the catching-up processes of South Korea and post-1978 reforms China, based on a new-developmentalist approach that considers four fundamental factors: 1) a complementarity relationship between the state and the market as a dynamic process that changes over time; 2) necessary complementarity between macroeconomic policy and industrial policy; 3) the key role of public and development banks in attacking the problem of “development financing”; and a particular focus on 4) the centrality of exchange rate and balance of payments administration for the development process in these countries. The paper’s fundamental question is to what extent the catchingup process in these countries can be understood as the application of a new-developmentalist strategy, taking each country’s particular historical traits into account. JEL Classification: O1; O5.

Suggested Citation

  • Luiz Carlos Bresser-Pereira & Elias Jabbour & Luiz Fernando de Paula, 2020. "South Korea’s and China’s catching-up: a new-developmentalist analysis," Brazilian Journal of Political Economy, Center of Political Economy, vol. 40(2), pages 264-284, April.
    • Handle: RePEc:ekm:repojs:v:40:y:2020:i:2:id:95096
    DOI: 10.1590/0101-31572020-3102
    as

    Download full text from publisher

    File URL: https://periodicos.fgv.br/bjpe/article/view/95096
    File Function: Abstract page
    Download Restriction: no
    File URL: https://periodicos.fgv.br/bjpe/article/download/95096/88558
    File Function: Full text
    Download Restriction: no
    File URL: https://libkey.io/10.1590/0101-31572020-3102?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekm:repojs:v:40:y:2020:i:2:id:95096. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cecília Heise (email available below). General contact details of provider: https://periodicos.fgv.br/bjpe .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.