ABSTRACT
Development is perhaps contagious as it radiates strong desires and incentives for growth and wealth. Development does not come cheap, however, as it always requires enormous material and human resources, and very often presupposes various changes in the established structure of interests—that is, reform. By challenging the established pattern of power, developmental reform is bound to create new problems and political confrontation. Developmental reform thus entails a complex process in which political conflicts interact with economic contradictions. The history of industrialisation provides examples of different institutions performing as the principal guide in this complex process of development—including factories, investment banks, and the state. 1 When the imperative to telescope the process of development is paramount, the role of the state is particularly crucial in mapping out core strategies including the dissemination of developmental ideologies, the effective allocation of capital, the prioritisation of key industries and regions, as well as the cultivation of technocratic elites and entrepreneurs.
