- Created by: ccupani
- Created on: 11-09-15 14:59
Development State and Economic Interests
It is important that state power and authority to be consolidated before national or foreign capital has begun to grow in importance and has greatly enhanced the capacity of developmental states via private interests.
It gives the states much greater influence in determining the role that foreign and national capital play in development and enables the state to set the terms.
The liberalisation of financial control measures int he 90s were one of the major factors creating the Korean crisis of 1997.
The earlier the control the more it differentiates these states from those of latin america which was seriously compromised as far as capacity and restrained the autonomy to achieve balanced antional industrial modernisation.