Skip to main content Accessibility help
×
Hostname: page-component-78c5997874-dh8gc Total loading time: 0 Render date: 2024-11-09T06:03:46.109Z Has data issue: false hasContentIssue false

12 - Guiding globalisation in East Asia: new roles for old developmental states

Published online by Cambridge University Press:  22 September 2009

Linda Weiss
Affiliation:
Professor in Government University of Sydney
Linda Weiss
Affiliation:
University of Sydney
Get access

Summary

According to the new mantra of globalisation analysis, states are not ‘disappearing’ or ‘declining’ in importance. They are being ‘transformed’. Since states are increasingly pressured from below by capital mobility and from above by supranational forms of governance such as the WTO, their traditional hold over economic actors has diminished, their control of the domestic economy has eroded, and their room for manoeuvre in the policy arena has been reduced to the margins. While meant to apply more generally, this view has become increasingly influential in the literature on East Asia's developmental states (DS). It is now widely anticipated that whatever remained of developmental states in the region before the financial turmoil of 1997, the pressures of financial liberalisation as well as the market-opening measures being imposed by the WTO agreements and IMF conditionalities have squeezed out developmental ambitions and eliminated the scope for coordinating economic outcomes in the domestic arena.

This claim is examined in the light of the Korean and Taiwanese experiences. As capitalist developmental states with Japan-style institutions, they are seen to be the most deviant, within the region, from the free-market model and it is the forced retreat of such developmental states from economic governance that now defines the standard view inside and outside the academy. We must ask therefore in what significant ways are developmental states affected by increasing exposure to global markets, and in what respects is state transformation real?

Type
Chapter
Information
States in the Global Economy
Bringing Domestic Institutions Back In
, pp. 245 - 270
Publisher: Cambridge University Press
Print publication year: 2003

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×