Developmental state, hard state, State-led developmentalism or in some cases Neo-developmental state, is a term used by international political economy scholars to refer to the phenomenon of state-led macroeconomic planning in East Asia in the late 20th century. In this model of capitalism (sometimes referred to as state-development capitalism), the state has more independent, or autonomous, political power, as well as more control over the economy.
Developmental state, hard state, State-led developmentalism or in some cases Neo-developmental state, is a term used by international political economy scholars to refer to the phenomenon of state-led macroeconomic planning in East Asia in the late 20th century. In this model of capitalism (sometimes referred to as state-development capitalism), the state has more independent, or autonomous, political power, as well as more control over the economy.
Source: Wikipedia "Developmental state" · CC BY-SA 4.0
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