The Complementary Roots of Growth and Development
ISBN:
978-3-319-68931-9
Auflage:
1st ed. 2018
Verlag:
Springer International Publishing
Land des Verlags:
Schweiz
Erscheinungsdatum:
11.12.2017
Format:
Hardcover
Seitenanzahl:
175
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The common roots of success and failure in economic growth and development lie in the systemic governance and fragmentation of institutional complementarities, respectively, but not in the unilateral adaptation of market-led or state-led models. To substantiate this argument, Akan utilizes case countries from the United States, South Korea, and Turkey—an advanced developed, a recently developed, and a developing country. Akan provides a simple framework for understanding two points that go beyond ideological obsession. The first is how a model of G&D works and evolves; with its economic, financial, industrial, and political dynamics intertwining. The second is why a market-led or state-led model succeeds and fails in both developed and developing countries.
Schlagwörter
Corporate Governance
Neoliberalism
Austerity
Developmentalism
Complementarities
State-led economics
Market-led economics
Growth and development (G&D)
The institutional trap
Industrial and Institutional Performance
Growth and development in Turkey
Growth and development in South Korea
Growth and development in USA
Biografische Anmerkung
Taner Akan is Associate Professor of Political Economy at Istanbul University, Turkey; and Visiting Fellow, King’s College London, UK. His research interests include institutional theory, political economy and economic governance.
