The Complementary Roots of Growth and Development

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

Authors: Akan, Taner

    • Systemic governance and institutional diffusion are explained on the basis of ‘institutional complementarities'
    • The USA case illustrates how systemic governance of a ‘market-led model’ first succeeded but then evolved into an an institutional trap, between efficiency and inequity, as a result of an enduring process of institutional diffusion
    • The South Korean case illustrates how systemic governance of a ‘state-led model’ first succeeded and then evolved into institutional diffusion
    • The Turkish case illustrates how the lack of an established systemic governance regime and the existence of enduring institutional diffusion drove the country into a long-run institutional drift between ‘state-led’ and ‘market-led’ routes and finally caused a system-wide institutional trap
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  • ISBN 978-3-319-68932-6
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Hardcover 58,84 €
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About this book

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.

About the authors

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.


Table of contents (4 chapters)

  • Systemic Governance and the Fragmentation of Institutional Complementarities

    Akan, Taner

    Pages 1-16

  • Rise and Fall of the Market-Led Model: The United States

    Akan, Taner

    Pages 17-76

    Preview Buy Chapter 29,69 €
  • Rise and Fall of the State-Led Model: South Korea

    Akan, Taner

    Pages 77-127

  • Neither by State Nor by Market: The Turkish Case

    Akan, Taner

    Pages 129-168

Buy this book

eBook 44,02 €
price for Germany (gross)
  • ISBN 978-3-319-68932-6
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 58,84 €
price for Germany (gross)
  • ISBN 978-3-319-68931-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Complementary Roots of Growth and Development
Book Subtitle
Comparative Analysis of the United States, South Korea, and Turkey
Authors
Copyright
2018
Publisher
Palgrave Pivot
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-68932-6
DOI
10.1007/978-3-319-68932-6
Hardcover ISBN
978-3-319-68931-9
Edition Number
1
Number of Pages
XIX, 175
Number of Illustrations and Tables
11 illustrations in colour
Topics