Governing Growth and Inequality: The Continuing Relevance of Strategic Economic Planning
The crucial intervening variable in the globalization & inequality-poverty matrix is asserted to be the role of national economic governance to create & sustain forms of national economic governments associated with the maintenance of institutional capacities. The author argues that strategic economic planning continues to be vital to the types of economic structure & forms of economic growth that are most conducive to reducing inequality & poverty. A brief historical narrative discusses the nature of state institutions & their relation to economic growth from the Weberian tradition of bureaucratic incompetence economic governance as related to the cases of South Korea & Malaysia. Recent scholarship of the dramatic poverty reductions in Korea have identified a consequence of improvements in economic growth without significant recourse to anti-poverty or redistribution policies that is contrasted with the explicit anti-poverty & redistribution of policies of the Malaysian development project. The historical contingencies that sustain an institutional apparatus capable of the effective management of the domestic economy in an age of globalization has had the unsurprising result of national development projects that have their own hearings to poverty, inequality, & a reduction of both. Although the conclusion that national economic governance is vital to reducing inequality & poverty runs counter to neoliberal theorizing, and it is a conclusion that demand serious attention from national & international agencies & from the development community at large. References. J. Harwell