Karagiannis and Madjd-Sadjadi briefly discuss developmental intervention experiences that took place in different countries and continents, and critically examine the successful East Asian industrial growth model. Singling out important theoretical notions within the Post Keynesian and radical political economy traditions and the ‘right’ lessons, and cautiously considering the present dismal socio-economic environment, the authors offer general, but nevertheless important, realistic development policy areas based largely on the developmental state argument in a modern context while paying particular attention to public investment with a strong caring dimension.
Nikolaos Karagiannis and Zagros Madjd-Sadjadi
Nikolaos Karagiannis, Zagros Madjd-Sadjadi and Joanna Bens
Karagiannis, Madjd-Sadjadi and Bens provide an overview of the state and its various functions, and discuss the changing role of government during the ‘era of change’. The authors critically examine the developmental state argument and offer important economic and politico-institutional aspects of what they believe to be desirable modern policy intervention.