Conclusion 1 In general, East Asian countries have followed the characteristics of the East Asian development guidelines where the main feature of these characteristics is leadership development. And it can be seen that the Developmental State policy theory is much more effective in use in East Asian countries compared to the previous theory, this is due to differences in economic flow between countries in Southeast Asia and other countries. Although there have been failures in several countries resulting from less firm and effective government systems Conclusion 2 The Developmental State Model can be assumed as a factor that can encourage the growth of a country that is focused on development in which there is a country as the driving and implementing factor of this policy. However, based on the data set above, it is stated that this developmental state model is only appropriate for countries that are experiencing an industrialization phase. If this model continues to be applied to a country it tends to cause a decline to a crisis. If you want to continue implementing this system, it is necessary to carry out innovations such as, the role of the state needs to be formulated in a developmental state model that is more transparent and democratic to prevent corruption and create moral hazard. Conclusion 3 So we now know the conclusion regarding this concept of devolepmental state. In this capitalist economic system, the government intervenes to regulate the economy and plays an important role in market regulation. The government's national priority regarding the economy is applied to the private sector. Thus the private sector must operate in accordance with the goals set by the state for economic growth. In this system, economic growth is important, and reforms are carried out to accelerate economic growth while political reform is lagging behind. The concept of a developmental state brings several positive things such as economic nationalism, an increase in technical education so as to increase a skilled workforce, and fast action by bureaucracies with political connections, a strong central government to make quick policy decisions. There are negatives with this model such as crony capitalism, lack of structural reforms in the economy, the private sector facing state intervention in the free market. Modern development theory focuses on three things. The first is the return from knowledge, the second is the institutional approach to achieving economic growth and the third is the development of capabilities by individual freedom. This theory rejects the neoclassical theory that promotes material prosperity as development. The concept of a developmental state is incompatible with low- and middle-income class countries because of the lack of industrialization and a political-economic environment that supports industrialization. Due to structural problems in the economies of developing countries, they failed to sustain economic growth such as Indonesia, Malaysia and Thailand after the economic crisis in 1996. Question: please combine three conclusion above
Conclusion 1
In general, East Asian countries have followed the characteristics of the East Asian development guidelines where the main feature of these characteristics is leadership development. And it can be seen that the Developmental State policy theory is much more effective in use in East Asian countries compared to the previous theory, this is due to differences in economic flow between countries in Southeast Asia and other countries. Although there have been failures in several countries resulting from less firm and effective government systems
Conclusion 2
The Developmental State Model can be assumed as a factor that can encourage the growth of a country that is focused on development in which there is a country as the driving and implementing factor of this policy. However, based on the data set above, it is stated that this developmental state model is only appropriate for countries that are experiencing an industrialization phase. If this model continues to be applied to a country it tends to cause a decline to a crisis. If you want to continue implementing this system, it is necessary to carry out innovations such as, the role of the state needs to be formulated in a developmental state model that is more transparent and democratic to prevent corruption and create moral hazard.
Conclusion 3
So we now know the conclusion regarding this concept of devolepmental state. In this capitalist economic system, the government intervenes to regulate the economy and plays an important role in market regulation. The government's national priority regarding the economy is applied to the private sector. Thus the private sector must operate in accordance with the goals set by the state for economic growth. In this system, economic growth is important, and reforms are carried out to accelerate economic growth while political reform is lagging behind. The concept of a developmental state brings several positive things such as economic nationalism, an increase in technical education so as to increase a skilled workforce, and fast action by bureaucracies with political connections, a strong central government to make quick policy decisions. There are negatives with this model such as crony capitalism, lack of structural reforms in the economy, the private sector facing state intervention in the free market.
Modern development theory focuses on three things. The first is the return from knowledge, the second is the institutional approach to achieving economic growth and the third is the development of capabilities by individual freedom. This theory rejects the neoclassical theory that promotes material prosperity as development. The concept of a developmental state is incompatible with low- and middle-income class countries because of the lack of industrialization and a political-economic environment that supports industrialization. Due to structural problems in the economies of developing countries, they failed to sustain economic growth such as Indonesia, Malaysia and Thailand after the economic crisis in 1996.
Question:
please combine three conclusion above
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