The Complementary Roots of Growth and Development (eBook)

Taner Akan is Associate Professor of Political Economy at Istanbul University, Turkey; and Visiting Fellow, King’s College London, UK. His research interests include institutional theory, political economy and economic governance.

List of Tables and Figures  List of Abbreviations and Acronyms  Chapter 1. Introduction  Chapter 2. Systemic governance and the fragmentation of complementarities 2.1 Institutional complementarity: negative or positive? 2.2 Systemic governance of complementarities 2.3 Institutional fragmentation and drift 2.4 Institutional trap 2.5 Conclusion   Chapter 3. Rise and fall of the market-led model: the United States Introduction 3.1  A complementarity theoretic account of American growth, 1948–17 3.2  Before the Great Depression of 1929 3.3  The US kind of systemic governance, 1948–72 3.4  Institutional fragmentation in the US model, 1973–2006 3.5  Industrial policy: the visible hand of the US model 3.6  The politics of growth: the President and the market 2.7 Conclusion: Institutional trap in the Great Recession period, 2007–17 Chapter 4. Rise and fall of the state-led model: South Korea Introduction 4.1 The systemic governance of the Korean kind, 1961–79 4.2 Primordial institutional fragmentation in the Korean model, 1980–96 4.3 Embedding of institutional fragmentation, 1997–2007 4.4 Institutional trap between developmentalism, deregulation, and Maturation, 2008–15 4.5 Floating industrial development 4.6 Fragmentation versus democratization 4.7 Inequality as a complement of nonsynchronous development 4.8 Conclusion Chapter 5. Neither by state nor by market: the Turkish case Introduction 5.1 The political roots of ideological Balkanization 5.2 Economic policy-making in successive reactions: developmentalism, neoliberalism and austerity 5.3 Corporate governance: concentrated ownership, market capitalization and foreign debt 5.4 Industrial and institutional performance in Turkey 5.5 The institutional fragmentation in Turkey’s developmental experience 5.6 Explaining the institutional trap of G&D in Turkey 5.7 Conclusion References Index