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The Political Economy of Emerging Markets and Alternative Development Paths

Part of the International Political Economy Series Book Series

Editors: Ricz, Judit; Gerőcs, Tamás

DOI: 10.1007/978-3-031-20702-0

ISBN: 978-3-031-20701-3

Publisher: Springer International Publishing - Springer Journals

Feb 18, 2023

1 - 10 of 13 Chapters

Available

Introduction: Emerging Market Economies and Alternative Development Paths

Ricz, Judit

Pages: 1 –12

[In the twenty-first century many latecomer emerging economies are embarking on development paths that are fundamentally different from the well-known classical models and are shaped by historical and socio-political conditions peculiar to their modernization experiences. We explore the new...
Available

Conflict Between Great Powers Is Back with Vengeance: The New Cold War Between the US and China Plus Russia

Wade, Robert H.

Pages: 13 –35

[China’s emergence as a powerful challenger to the US’s and the west’s well-crystallized position atop the global hierarchy poses the question of how to co-exist peacefully. This essay discusses several economic sectors where the two sides are acting aggressively towards each other; in trade,...
Available

Middle-Income Trap and the Evolving Role of Institutions Along the Development Path

Mickiewicz, Tomasz

Pages: 37 –60

[Since the mid-twentieth century, we observe large differences in the development paths of countries, even when characterised by similar starting positions. Taiwan and South Korea hold world records in the speed of development, some of Latin America score in the middle, and few African countries...
Available

Populism and/or Developmentalism: Past and Present Experiences

Benczes, István

Pages: 61 –86

[Thirty years ago, the concept of “economic populism” was an original approach to understand the failed development trajectories of Latin America. At the heart of that research programme was the analytical description of the boom-and-bust cycles and the main elements of the adopted economic...
Available

Surviving and Competing Successfully? Internationalisation of State-Owned Companies in Central and Eastern Europe

Sass, Magdolna

Pages: 87 –117

[State-owned enterprises (SOEs) were expected to disappear after the socialist economies of Central and Eastern Europe (CEE) started embracing capitalism through massive privatisation. However, certain SOEs have survived and have been playing an increasingly important role in the national...
Available

The Role of Manufacturing in the Central and Eastern European Countries in the Various Periods from Transition to Mature EU Membership

Pelle, Anita; Tabajdi, Gabriella

Pages: 119 –142

[Central and Eastern Europe (CEE) has historically been a substantial location for manufacturing. The role of this sector is analysed chronologically from system transition to the mature EU membership of these countries. Manufacturing has continuously had an influential role though in varying...
Available

The Belarusian Development Path: From Command Economy to State Capitalism?

Kozarzewski, Piotr; Papko, Aliaksandr

Pages: 143 –170

[Belarus was among the few post-communist countries to resign from comprehensive market reforms and that tried to improve the efficiency of the economy through administrative means, leaving market mechanisms only an auxiliary role. Since its inception, the so-called Belarusian economic model has...
Available

Rent Streams and Institutional Development in the (Semi-)periphery: Iran and Hungary

Szanyi, Miklós; Sedighi, Somayeh

Pages: 171 –201

[Institutional economics attributes outstanding importance to the quality of market institutions in enhancing the economic performance of countries. Among many factors the existence of rents also exercises an important impact. If rents are of significant magnitude like in the case of...
Available

The Return of Industrial Policy in Turkey

Toksoz, Mina

Pages: 203 –228

[This chapter traces the rise, retreat, and return of industrial policy in Turkey, illustrating the highly context-specific nature of effective industrial policies. Turkish economy industrialized under state-led import substituting industrialization in the 1930s and national development plans...
Available

Educational Developmentalism: A Key to the Success of the East Asian Developmental States

György, Csáki

Pages: 229 –256

[Over the past half century, the spectacular economic development of Singapore, South Korea and Taiwan has been based to a large extent on particularly successful educational development. In the framework of the developmental state, education planning has been an integral part of economic...

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