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The State and State Capacity

  • Murat A. Yülek
Chapter

Abstract

This chapter briefly discusses the state, its ‘capacity’ and how they relate to industrial policy. All nations design and implement policies. Some are successful and others fail. In fact, some governments succeed and others fail. But, so does the market; it sometimes succeeds and sometimes fails. The state’s capacity is a key determinant of the success of its policies. Some economists have identified the Japanese ‘developmental’ state as the force behind Japanese industrialization and economic development. Others have recognized the US ‘entrepreneurial state’ as the driver of American success in the internet age.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Murat A. Yülek
    • 1
  1. 1.Istanbul Commerce UniversityIstanbulTurkey

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