The Political Economy of Emerging Markets and Alternative Development Paths

This volume is the continuation of our research on economic and developmental policy-making in the global semi-periphery in the post-crisis cycle (see our two recently published volumes titled 'Market-Liberalism and Economic Patriotism in Capitalist Systems' edited by Gercs and Szanyi, 2019, Palgrave Macmillan and 'The Post-Crisis Developmental State Perspectives from the Global Periphery' edited by Gercs and Ricz, 2021). Our new volume aims to be a contribution to the analysis of emerging market economies' alternative development trajectories, as we explore the new perspectives on semi-peripheral dependent development since the Global Financial Crisis and especially amidst the new global pandemic, the COVID-19.

The scope of comparative capitalism research has also been altered accordingly to include the analysis of emerging economies outside the core of the world system, and to make intertemporal comparisons possible (such as to define and characterise historical wavesof state capitalism). Still, we are convinced that to better understand the current wave of state capitalism and to explore its national varieties there is a need to critically reconsider existing theoretical approaches and methodologies, and to search for new ones, if necessary.

This book aims to be a contribution to the analysis of emerging market economies' alternative development trajectories and explores new perspectives on semi-peripheral dependent development, especially amidst COVID-19.

Analyses emerging market economies' alternative development trajectories Focuses on the ways statist economic systems are organized and coordinated Contributes to research on economic and developmental policy-making in the global semi-periphery

Autorentext

Judit Ricz (PhD) is Research Fellow at the Institute of World Economics, Centre for Economic and Regional Studies and Associate Professor at Institute of Global Studies at the Corvinus University Budapest, Hungary.

Tamás Ger cs (PhD) is External Research Fellow at the Institute of World Economics, Centre for Economic and Regional Studies and SUNY Binghamton, United States.

Inhalt
Chapter 1: Introduction: Emerging Market Economies and Alternative Development Paths.- Chapter 2: Conflict between great powers is back with vengeance: the new cold war between the US and China plus Russia.- Chapter 3: Middle-Income Trap and the Evolving Role of Institutions along the Development Path.- Chapter 4: Populism and/or developmentalism: Past and present experiences.- Chapter 5: Surviving and competing successfully? Internationalisation of state-owned companies in Central and Eastern Europe.- Chapter 6: The role of manufacturing in the Central and Eastern European countries in the various periods from transition to mature EU membership.- Chapter 7: The Belarusian Development Path: From Command Economy to State Capitalism?.- Chapter 8: Rent streams and institutional development in the (semi-)periphery: Iran and Hungary.- Chapter 9: The return of Industrial Policy in Turkey.- Chapter 10: Educational developmentalism: a key to the success of the East Asian developmental states.-Chapter 11: Are there Varieties of Capitalism in Developing Countries? Public Finance and Social Transfers in Türkiye and Poland.- Chapter 12: Emergism as Ideology: Zimbabwe's Ill-fated Policies for an 'Emerging' Upper Middle-Income Economy.- Chapter 13: Conclusions: The contradictions of dependent development in hegemonic transition.