<abstract xmlns="http://www.w3.org/1999/xhtml"><p>This paper discusses, from a conceptual and theoretical perspective, the recent debates on the relation between the state and the market as drivers of national development. Since the end of the Cold War, three periods are distinguishable according to the way in which development is discussed, envisaged, and designed through state policies. The first one starts from the end of the Cold War and leads to the 2008-2009 crisis, the second includes the ten years of recovery, while the last is unfolding at the moment. The argument takes globalization into account as the background for development, during the three decades observed. The paper analyses the way in which the state-market relationship was envisaged during each period, both in the developed and emerging economies. The paper identifies the factors that ensure steady development, with an emphasis on current challenges. Lastly, the paper presents the particular experience of Central and Eastern Europe during its transition from the communist regime to democracy. The conclusion is that the better understanding of the relationship between globalization and development, the faster their evolution for a given country.</p></abstract>

This paper discusses, from a conceptual and theoretical perspective, the recent debates on the relation between the state and the market as drivers of national development. Since the end of the Cold War, three periods are distinguishable according to the way in which development is discussed, envisaged, and designed through state policies. The first one starts from the end of the Cold War and leads to the 2008-2009 crisis, the second includes the ten years of recovery, while the last is unfolding at the moment. The argument takes globalization into account as the background for development, during the three decades observed. The paper analyses the way in which the state-market relationship was envisaged during each period, both in the developed and emerging economies. The paper identifies the factors that ensure steady development, with an emphasis on current challenges. Lastly, the paper presents the particular experience of Central and Eastern Europe during its transition from the communist regime to democracy. The conclusion is that the better understanding of the relationship between globalization and development, the faster their evolution for a given country.

Rethinking the state-market relations in the New Age of development

National University for Political Studies and Public Administration

Management & Marketing

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Rethinking the state-market relations in the New Age of development"}

This paper discusses, from a conceptual and theoretical perspective, the recent debates on the relation between the state and the market as drivers of national...

Rethinking the state-market relations in the New Age of development

Published Online: Jan 25, 2019

Page range: 1276 - 1288

DOI: https://doi.org/10.2478/mmcks-2018-0036

Keywords
globalization, development, national progress, state-market relations

© 2018 Paul Dobrescu et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Rethinking the state-market relations in the New Age of development

Published Online: Jan 25, 2019

Page range: 1276 - 1288

DOI: https://doi.org/10.2478/mmcks-2018-0036

Keywordsglobalization, development, national progress, state-market relations

© 2018 Paul Dobrescu et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
globalization, development, national progress, state-market relations