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Publication Type
Journal Article
UWI Author(s)
Author, Analytic
Karagiannis, Nikolaos
Author Affiliation, Ana.
Sir Arthur Lewis Institute of Social and Economic Studies
Article Title
Key economic and politico-institutional elements of modern interventionism
Medium Designator
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Connective Phrase
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Journal Title
Social and economic studies
Translated Title
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Reprint Status
Refereed
Date of Publication
2002
Volume ID
50
Issue ID
4
Page(s)
17-47
Language
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Connective Phrase
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Location/URL
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ISSN
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Notes
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Abstract
This paper discusses important economic and politico-institutional feartures of 'desirable' modern state intervention. It is recognised that the public sectors of most countries have undergone major changes since the 1980's, as governments try to respond to the challenges of the new millennium. Recent years have seen wider-ranging reforms than any other period of the twentieth century, although both the pace and extent of these reforms are greater in some countries than in others. This represents a paradigm shift from the 'traditional' model of public administration, dominant for most of the century, to 'new' public management. The first section of the paper discusses the 'era of change' while considering the changing role of government. The second examines an institutional system which appears to have been used with enormous success - the 'Development State': the case of the state which takes on a central developmental role in the economy without directly owning most of the productive assets. The final sections pursue aspects of the 'Development State' model and deal with 'key' elements of the 'desirable' modern state and its new role.....
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Keywords
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