This panel will examine the politics of state-business relations in late developing countries in the 21st century. Empirical papers exploring specific case studies and theoretical papers surveying state-business relations are welcomed.
Successful industrial policy requires that reciprocal relationships be developed between governments and their capitalist partners. Ensuring reciprocal relationships are maintained are a constant challenge for governments, with a necessity for learning rents to be disciplined in line with industrial policy objectives. Alice Amsden (2009) is among scholars who have argued that the process of developing such relationships has become increasingly difficult given that late developers in the 21st century are increasingly reliant on foreign investors as lead actors in their economies. This panel invites papers that explore how state-business relationships have developed in the 21st century. Theoretical papers, similar to Sen and Te Velde (2009), are welcomed. These papers could explore how state-business relationships have developed in line with industrial policy measures across a range of countries. Specific case studies will also be welcomed. For example, Booth and Golooba-Mutebi (2012) have previously highlighted how the Rwandan government has chosen to use party-owned enterprises to advance their industrial policy priorities. Thus, the panel will seek to explore the specific challenges associated with building effective business-state relationships in line with promoting effective industrial policy in the 21st century.