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Conclusion: The Contradictions of Dependent Development in Hegemonic Transition

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The Political Economy of Emerging Markets and Alternative Development Paths

Part of the book series: International Political Economy Series ((IPES))

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Abstract

This chapter systematically engages with similarities and differences of semi-peripheral economies’ alternative developmental paths and explores new perspectives on global dependencies in the context of changing hegemonic relations. The chapter argues that the reformulated concept of state capitalism must be analysed in the framework of uneven and combined development that allows a better understanding of historical and global interconnectedness and helps avoid a narrow state-centric approach. For that purpose, the chapter offers a possible reconfiguration of the state’s epistemology with some new insights into the character, prospect and varieties of semi-peripheral development in the Global East and South. The author stresses the importance of the emergence of illiberal authoritarian regimes with mixed economic structures as a peculiar institutional feature in the semi-periphery since the global financial crisis. As a conclusion it aims to provide guidance for a renewed international political economy approach in analysing state capitalist tendencies.

A study prepared in the research project “From developmental states to new protectionism: changing repertoire of state interventions to promote development in an unfolding new world order” (NKFI FK_124573).

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Notes

  1. 1.

    See our first volume in this series (Gerőcs & Szanyi 2019).

  2. 2.

    Placing Turkey closer to the liberal welfare model in this regard.

  3. 3.

    Poland, Hungary, Czechia and Slovakia.

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Correspondence to Tamás Gerőcs .

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Gerőcs, T. (2023). Conclusion: The Contradictions of Dependent Development in Hegemonic Transition. In: Ricz, J., Gerőcs, T. (eds) The Political Economy of Emerging Markets and Alternative Development Paths. International Political Economy Series. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-20702-0_13

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