This paper contributes to the understanding of the diversity of capitalism by combining approaches from comparative political economy and development studies, notably developmental state theory. We show that different types of capitalism react differently to global shocks and offer some support...

The article reviews debates concerning financialization in South Korea, with a focus on ongoing arguments between liberal, post-Keynesian, institutionalist and Marxist economists. It argues that post-Keynesian and institutionalist perspectives in particular neglect important class processes...

This paper contributes to debates regarding the lack of theorization of the state and the overemphasis on lead firms in studies of global value chains (GVCs) and global production networks (GPNs). This paper combines the GVC/GPN frameworks with a strategic-relational approach (SRA), a SRA...

Political and scholarly debates on the potentials and constraints of inclusive and sustainable development in the global periphery are at the core of the developmental discourse. This paper argues that discussions on the effectiveness, inclusiveness and sustainability of economic development...

This paper examines why despite increasing corruption since the 1980s, China's development has advanced so rapidly. The author argues that a strong developmental state, the prevalence of "developmental corruption" over "predatory corruption" and a temporary and relative acceptance of leading...

This paper reviews Finland's growth strategy in the postwar decades. Finland was able to initiate an impressive mobilization of resources during this period, reflected mostly in a high rate of capital accumulation for manufacturing industries. This was achieved by an unorthodox combination of...

While mainstream economics since the 1980s has been largely characterized by neoliberal 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...

Regional integration occupies a prominent place in the economic policies of most sub-Saharan African countries. However, despite different waves of initiatives across the African continent, the majority of African regional schemes have not managed to achieve their ambitious goal of promoting...

Widely ignoring recommendations from mainstream economics, the some Central Asian countries have achieved remarkable economic growth rates since their transformational recession in the 1990s. While Kazakhstan, Uzbekistan, and Turkmenistan have greatly benefitted from increasing world market...