Governance, Business and Development

Peter Wad*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingBook chapterResearchpeer-review


Interpreting select political economy of development literature on governance understood as industrial policy, state-business institutions, and power politics, the chapter suggests that business-challenging and business-supporting states with public–private institutional capacity and vulnerable ruling elites enabled “catching up” during the Cold War (1948–1991). What it takes domestically to upgrade industrially in the Global South in the post–Cold War environment of global value chains and network governance is less clear. The launch of China’s ‘Made in China 2025’ industrial plan has taken the state-market debate to a new level where trade wars are escalating, risking a new Cold War between the United States and China.
Original languageEnglish
Title of host publicationBusiness and Development Studies : Issues and Perspectives
EditorsPeter Lund-Thomsen, Michael Wendelboe Hansen, Adam Lindgreen
Number of pages38
Place of PublicationAbingdon
PublisherRoutledge, Taylor & Francis Group
Publication date2019
ISBN (Print)9781138059870
ISBN (Electronic)9781315163338
Publication statusPublished - 2019

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