Ali Ünal

It is increasingly recognized that effective state interventionism is a key ingredient of successful integration into the global economy. Indeed, some of the most successful cases of economic growth during the past two decades such as China, India, and South Korea are not typical examples of free market liberalism. They are examples of controlled integration into the global economy and differ from many other less successful late industrializing or emerging market countries in terms of the degree and depth of state interventionism during key phases of their development experience. What appears to matter the most for successful development is the synergy of the state and the market.