States and markets, states versus markets

The developmental state debate as the distinctive East Asian contribution to international political economy

Authored by: Walden Bello

Routledge Handbook of International Political Economy (IPE)

Print publication date:  February  2009
Online publication date:  June  2009

Print ISBN: 9780415771269
eBook ISBN: 9780203881569
Adobe ISBN: 9781135984014


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Rather than try to discern whether or not there is a distinctly East Asian school of international political economy, it is probably more productive to approach the question of the development of IPE in East Asia by asking if there are approaches deployed by analysts, Asian or non-Asian, that have been uniquely associated with the study of the configurations and transformations of political and economic power in the region. Different paradigms have been harnessed to the effort to understand regional power realities, among them dependency theory, different varieties of the hegemony paradigm, realist balance-of-power approaches, and constructivist analysis. However, if there is one theory or approach that might be said to be uniquely associated with the region, it is the theory of the developmental state. Indeed, one can say that theoretical innovation and empirical work in IPE in East Asia has been largely driven by the developmental state debate.

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