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Globalization and Challenges to the Developmental State: A Comparison between South Korea and Singapore


  • Jang-Sup Shin


By focusing on the interaction between mobile factors and less mobile factors in the process of globalization, this paper argues that the role of the state becomes more important in some significant respects as the pace of globalization accelerates, contrary to the popular perception that it should be diminished invariably. It elaborates on the argument by comparing different challenges to the developmental states in East Asia, mainly those of South Korea and Singapore.

Suggested Citation

  • Jang-Sup Shin, 2005. "Globalization and Challenges to the Developmental State: A Comparison between South Korea and Singapore," Global Economic Review, Taylor & Francis Journals, vol. 34(4), pages 379-395.
  • Handle: RePEc:taf:glecrv:v:34:y:2005:i:4:p:379-395 DOI: 10.1080/12265080500441495

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    References listed on IDEAS

    1. Andrew Worthington & Abbas Valadkhani, 2004. "Measuring the impact of natural disasters on capital markets: an empirical application using intervention analysis," Applied Economics, Taylor & Francis Journals, vol. 36(19), pages 2177-2186.
    2. St Pierre, Eileen F, 1998. "The Impact of Option Introduction on the Conditional Return Distribution of Underlying Securities," The Financial Review, Eastern Finance Association, vol. 33(1), pages 105-118, February.
    3. Ada Ho & Alan Wan, 2002. "Testing for covariance stationarity of stock returns in the presence of structural breaks: an intervention analysis," Applied Economics Letters, Taylor & Francis Journals, vol. 9(7), pages 441-447.
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    Cited by:

    1. Ahrens, Joachim & Stark, Manuel, 2012. "Unabhängige Organisationen in autoritären Regimes: Widerspruch in sich oder effektives Instrument von Developmental States?," PFH Forschungspapiere/Research Papers 2012/09, PFH Private University of Applied Sciences, Göttingen.

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    Developmental states; South Korea; Singapore;


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