Abstract
ABSTRACT The current debate on Taiwan's development has been dominated by the statist perspective that identifies state power as a key to its growth miracle. The paper challenges this statist idea. By analyzing the evolving process of the developmental state from a predatory government in the 1950s and early 1960s, we argue that the imposing of constraints on the despotic power of the state constitutes a key mechanism by which a balanced power structure between the state and capital is formed and the private sector can develop and benefit from policy incentives. The taming of a Leviathan state and the shift from a war economy toward a developmental regime were a result of strong U.S. geopolitical intervention.
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