What will the twenty-first-century developmental state look like?
What will the twenty-first-century developmental state look like?
Implication of contemporary development theory for the state's role
This chapter provides a theoretical basis for understanding the role of the state in Hong Kong's development. Using three new developments in economic theories of growth – the endogenous growth approach, institutional approaches, and the capability approach, it highlights the role of bureaucratic capacity and the presence of dense ties between the state and the entrepreneurial elites in shaping development. In a post-industrial era of 'bit-driven growth' centring on intangible production and the delivery of direct interpersonal services, private-sector elites become less reliable allies of government than in the previous era.
Keywords: Hong Kong, State, Politics, Elites, Business, Bit-driven growth
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