Economic Policies for Growth and Sustainability
Edited by Nikolaos Karagiannis and John E. King
Chapter 6: Economic development policy today: what has realistically remained?
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.
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