Industrial policy and the State of development: to actualization of the notion

Abstract

Objective: to analyze the trajectories of industrial policy effective implementation by determining the relevance of key elements of the “development state” model in modern international realities. Methods: monographic, historical, abstract-logical, comparative methods. Results: the characteristics of the “development states” concept described on the example of some Asian countries allowed their governments to carry out industrial modernization of national economies in a short time and switch to the sustainable economic development trajectory. For many years, the “development state” has been perceived by researchers as part of history. This was determined by the consensus on the existing boundaries of state intervention in the economy. In recent years, the interest of governments in industrial policy has been growing. The implementation of measures withinthe industrial policy gives rise to new challenges to public administration, probably similar to those that the development states have gone through. The author shows that the available formulations of the qualitative characteristics inherent both in the “development state” concept and in some Asian countries in a certain period of their development are significant for the modern theory of public administration in the context of industrial policy measures. Scientific novelty: it consists in understanding the concept of the “development state” in the modern context. Practical significance: the research provisions and conclusions can be used in the future studies of the economic theory influence on socio-political discourses and political decisions.

Keywords

• economic theory
• development state
• development economy
• asian tigers
• industrial policy