Key Economic and Politico-Institutional Elements of Modern Interventionism

Nikolaos Karagiannis

Abstract


This paper discusses important features of the 'desirable ' modem state intervention. The first section discusses the "era of change" while considering the changing role of government. The second examines an institutional system which appears to have been used with enormous success - the 'Developmental State': the state which takes on a central developmental role in the economy without directly owning most of the productive assets. The final sections pursue aspects of the 'Developmental State' model and deal with 'key' - elements of the 'desirable' modern state and its new role.

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