2017
DOI: 10.1080/00472336.2017.1375136
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Korea and Taiwan: The Crisis of Investment-Led Growth and the End of the Developmental State

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Cited by 27 publications
(14 citation statements)
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“…Some analysts say that, as of today, the Northeast Asian developmental state has eroded to the point that 'the developmental state is dead' (Pirie 2017). It is true that as the economies achieved 'high income' they moved in a neoliberal direction, both for structural reasons and also to bolster their alliances with the West.…”
Section: Resultsmentioning
confidence: 99%
“…Some analysts say that, as of today, the Northeast Asian developmental state has eroded to the point that 'the developmental state is dead' (Pirie 2017). It is true that as the economies achieved 'high income' they moved in a neoliberal direction, both for structural reasons and also to bolster their alliances with the West.…”
Section: Resultsmentioning
confidence: 99%
“…Korea's jumped from 10 per cent in 1960 to 36 per cent in the late 1970s, at the height of the Heavy and Chemical Industries drive; then it fell slightly, before rising to 39 per cent between 1991 and 1996. By way of comparison, the UK figure for 1990 was 19 per cent, the US figure 17 per cent (Pirie, ). The very high levels of investment in East Asia are also shown in Table…”
Section: Explaining the East Asian Catch‐up Storiesmentioning
confidence: 99%
“…Public social spending as a share of GDP remains far below the OECD average, and the share of the labour force in independent trade unions also falls far short of the OECD average. The governments have allowed the share of wages in national income to keep falling — in Taiwan, from 55 per cent in 1995 to as low as 48 per cent in 2011 (Pirie, : 47). Income inequality has steadily risen since the 1980s.…”
Section: Explaining the East Asian Catch‐up Storiesmentioning
confidence: 99%
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“…First, while the debate on the developmental state has taken several turns since the Asian financial crisis of 1997/98 and the global financial crisis of 2007/08, the question of the developmental state in East Asia continues to be assessed within the framework of whether and how much the state has retained or lost its power over domestic firms in terms of nurturing and directing them, on the one hand, and whether and how much it has changed its orientation from ‘national’ to ‘global’ on the other hand. In other words, has it become ‘neo‐developmental’, been replaced by a ‘post‐developmental state’ or transformed into a ‘hybrid type’ (see Haggard and Zheng, ; Hayashi, ; Hundt, , ; Kalinowski, ; Pirie ; Stubbs, ; Yeung, )? While these discussions entail important insights at the level of policy changes, they tend to magnify differences between these newly labelled (developmental) states while bypassing the question of what unifies them beyond apparent differences, that is, their being capitalist states.…”
Section: Developmentalism and Statism: Limitations Of Extant Critiquementioning
confidence: 99%