"Developmental Policy and the State studies the changing face of government support for endogenous development. In the past two decades, governments have assumed a more conscious economic role as a stabilizing force to maintain low fiscal deficits and low inflation growth paths. This important reference work provides an integrated discussion of the development theory at the heart of interventionist government economic policy. The opening chapters analyze the role of state intervention and its impact on development theory, present the Developmental State model, and discuss the regulatory and developmental roles of the state in a market economy. The book also critiques the European Union's regional and industrial policies and contrasts EU and Caribbean developmental policies with the Developmental State approach. Karagiannis concludes his discussion with developmental theory-based policy solutions for an increasingly globalized world economy."--BOOK JACKET.