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State-market-society alliance: The evolving nature of the '21st century developmental state'

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  • Pui Yi Wong

Abstract

While mainstream economics since the 1980s has been largely characterized by neo-liberal ideology, the past decade witnessed the rise of nationalism and protectionist policies globally. The latest COVID-19 pandemic has further refocused attention on the crucial roles played by effective states in protecting public welfare and a working economy. This literature review traces the 'developmental state' paradigm as it evolved from the classical developmental state model into the 21st-century developmental state.

Suggested Citation

  • Pui Yi Wong, 2020. "State-market-society alliance: The evolving nature of the '21st century developmental state'," WIDER Working Paper Series wp-2020-103, World Institute for Development Economic Research (UNU-WIDER).
  • Handle: RePEc:unu:wpaper:wp-2020-103
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    Keywords

    developmental state; market; society; literature review;

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