Globalization and challenges to the developmental state: A comparison between South Korea and Singapore

Abstract

By focusing on the interaction between mobile factors and less mobile factors in the process of globalization, this paper argues that the role of the state becomes more important in some significant respects as the pace of globalization accelerates, contrary to the popular perception that it should be diminished invariably. It elaborates on the argument by comparing different challenges to the developmental states in East Asia, mainly those of South Korea and Singapore. © 2005 Institute of East and West Studies, Yonsei University, Seoul.