The Complementary Roots of Growth and Development

Comparative Analysis of the United States, South Korea, and Turkey

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions, Government, Public Policy, Business & Finance
Cover of the book The Complementary Roots of Growth and Development by Taner Akan, Springer International Publishing
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Author: Taner Akan ISBN: 9783319689326
Publisher: Springer International Publishing Publication: November 28, 2017
Imprint: Palgrave Pivot Language: English
Author: Taner Akan
ISBN: 9783319689326
Publisher: Springer International Publishing
Publication: November 28, 2017
Imprint: Palgrave Pivot
Language: English

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.

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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.

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