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There
is need to transcend the stereotype of
duality in the state/ market or the state/society
relation. Taking the case of several developing
countries affected by financial crisis
during the 1990s, the paper argues that
autonomy of the capitalist state in the
sense of the state being the locus of
a coherent and rational policy external
to the capital does not hold. Rather to
account for the state as a key agent of
social transformation which has itself
been transformed as part of the changing
social relations, it is essential to focus
on the relations between the state and
the capital groups.
September 6, 2004.
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