A THEORETICAL COMPARISON OF DEVELOPMENTAL STATE AND ENTREPRENEURIAL STATE: CATCH UP OR TECHNOLOGICAL ADVANCEMENT.

This paper presents a critical comparison of the developmental state and the entrepreneurial state, contributing to the existing literature by highlighting the advantages and necessity of an entrepreneurial state over a developmental state through the connection between public institutions and spinoffs. The article discusses how the state's technology research has led to the creation of new and dynamic sectors, increasing growth and employment, as well as encouraging the private sector to increase its R&D investments to establish more innovative companies, using the example of the United States while comparing Asian and European countries. In this context, it is hypothesized that an entrepreneurial state is more efficient and superior compared to a developmental state. The study supports this hypothesis by mentioning how China combines the entrepreneurial state model with the developmental state model. Subsequently, the concepts of the entrepreneurial state and developmental state are defined concerning technology, innovation, and competition. In the final section, a comparison is made between the entrepreneurial state and the developmental state, demonstrating that theoretically, the entrepreneurial state is essential and offers numerous advantages over the developmental state. [ABSTRACT FROM AUTHOR]