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The Regulatory State and the Developmental State: Towards Polymorphic Comparative Capitalism

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... Such diffusion processes have been analyzed from the perspective of formal political models and regulatory arrangements (Kayaalp 2012;Kumar 2020), chiefly through the construct of the regulatory State 1 (Majone 1994). There is considerable debate as to whether the Northern and Southern, or neoliberal and developmental States, should be treated as distinct or just a continuum of polymorphic State forms (Levi-Faur 2013). However, both the Northern or Southern focused scholarship ascribes to a functionalist understanding (Hansen & Stepputat 2001) of the regulatory State alluding to the role of specific institutions such as courts, regulators, and public and private actors (Vogel 1996;Jordana & Levi-Faur 2004;Dubash & Morgan 2013a;Kapur & Khosla 2019). ...
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