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The Korean Developmental State
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Book Synopsis The Korean Developmental State by : Kyung Mi Kim
Download or read book The Korean Developmental State written by Kyung Mi Kim and published by Springer Nature. This book was released on 2020-04-25 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes, from a historical comparative perspective, the Korean economic development model, the extent to which it has changed from its classical model, and what constitutes its changes and continuity. Unlike studies claims the dissolution of Korean developmentalism, the book holds that the Korean state maintains its characteristics of state-led capitalism despite significant changes in policies and instruments rather than converge toward an AngloSaxon-style free market system. It emphasizes that the continuity of state-led capitalism is compatible with institutional change. Some institutionalists insist that the continuity of Korean developmentalism is based on path dependency. In contrast, this book argues that Korean capitalism could sustain its state developmentalism by changes in policies and instruments to improve national industrial competitiveness in the changed context of international competition. This book will be of interest to East Asian scholars, comparative economists, and those curious about the future of the Korean peninsula.
Book Synopsis The Korean Developmental State by : Iain Pirie
Download or read book The Korean Developmental State written by Iain Pirie and published by Routledge. This book was released on 2007-09-12 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Korean Developmental State is a comprehensive and up-to-date analysis of processes of state and economic restructuring in South Korea since the 1997 crisis. The book distinguishes itself from previous studies by consistently arguing that structural changes in the global political economy have played a crucial role in reshaping the Korean state’s own economic project. More precisely, Iain Pirie seeks to demonstrate how the Korean state increasingly adopted neo-liberal policies from the 1980s onwards as a rational response to the evolution of global economic structures; an evolution which has been driven by the continuous attempts of major global firms and leading capitalist states to overcome the chronic profitability problems that have dogged the core capitalist area since the late 1960s. The radical restructuring programme the Korean state initiated after the 1997 crisis must be understood as a logical conclusion to these earlier, more incremental, processes of reform it initiated almost two decades earlier. This book seeks to establish the neo-liberal character of the Korean state through a close analysis of key institutional and policy reforms, and serious engagement with more theoretical debates concerning the nature of the neo-liberal state itself. The Korean Developmental State offers a new perspective on the economic experience of Korea as a development model, one that emphasizes global trends and contradictions for Korea’s economic crisis and resulting transformation, and as such will be of significant interest to scholars of Korean studies and the Asian economy.
Book Synopsis The Developmental State by : Meredith Woo-Cumings
Download or read book The Developmental State written by Meredith Woo-Cumings and published by Cornell University Press. This book was released on 2019-06-30 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developmental state, n.: the government, motivated by desire for economic advancement, intervenes in industrial affairs. The notion of the developmental state has come under attack in recent years. Critics charge that Japan's success in putting this notion into practice has not been replicated elsewhere, that the concept threatens the purity of freemarket economics, and that its shortcomings have led to financial turmoil in Asia. In this informative and thought-provoking book, a team of distinguished scholars revisits this notion to assess its continuing utility and establish a common vocabulary for debates on these issues. Drawing on new political and economic theories and emphasizing recent events, the authors examine the East Asian experience to show how the developmental state involves a combination of political, bureaucratic, and moneyed influences that shape economic life in the region. Taking as its point of departure Chalmers Johnson's account of the Japanese developmental state, the book explores the interplay of forces that have determined the structure of opportunity in the region. The authors critically address the argument for centralized political involvement in industrial development (with a new contribution by Johnson), describe the historical impact of colonialism and the Cold War, consider new ideas in economics, and compare the experiences of East Asian countries with those of France, Brazil, Mexico, and India.
Book Synopsis The State, Class and Developmentalism in South Korea by : Hae-Yung Song
Download or read book The State, Class and Developmentalism in South Korea written by Hae-Yung Song and published by Routledge. This book was released on 2019-10-16 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book problematises the statist underpinnings of the concept of the ‘developmental state,’ in terms of both state–society and national–global relations, challenging the notion that the state is the agent of national development qua being autonomous from the domestic and global economies. Presenting a thorough and comprehensive critical assessment of the extant approaches and theories of the Korean developmental state in particular, this book demonstrates that the existing literature, including Marxist critiques, only inadequately and partially challenge statism. It examines how statism reinforces and is reinforced by ‘Third World Developmentalism’, the idea that ‘development’ is in itself a positive goal and that a nationally autonomous mode of development should be promoted as a means of empowerment. In opposition, this book offers a critique of statism by constructing an alternative theoretical framework, extending Marx’s concept of commodity fetishism to state–society and national–global relations. Drawing on a new theoretical framework and significant Korean literature, The State, Class and Developmentalism in South Korea offers a novel historical interpretation and critique of the developmental state in the Korean context. As such, it will be useful to students and scholars of Asian studies, Development Studies and International Political Economy.
Book Synopsis Changes by Competition by : Hyeong-ki Kwon
Download or read book Changes by Competition written by Hyeong-ki Kwon and published by Oxford University Press. This book was released on 2021-02-11 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: By tracing the evolution of South Korean state-led capitalism and comparing it with other economies, this book critiques prevalent theories including neoliberalism, the developmental state, and institutionalism, and proposes a theoretical alternative focusing on endogenous changes through elites' competition within and outside the state. Unlike the arguments of neoliberals, this volume asserts that the state can still play an active role in reconstituting the national economy through globalization. The Korean state successfully fosters economic growth by nurturing industrial commons through globalization, rather than by adopting a neoliberal free-market system. This volume exerts that the Korean economy has successfully grown over the past 50 years because it has moved toward a new version of state-led developmentalism. In order to better account for the evolution of state-led developmentalism, this book proposes changes by competition within, as well as outside, the state, in order to bring about changes in developmentalism and the ability to adjust to new contexts. Unlike prevalent accounts of developmental state theory, Changes by Competition argues that the state is neither unitary nor cohesive, but a locus of competition.
Book Synopsis Capitalist Development in Korea by : Dae-oup Chang
Download or read book Capitalist Development in Korea written by Dae-oup Chang and published by Routledge. This book was released on 2009-01-13 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contrary to the widely-held view that the East Asian "developmental state" is neutral in terms of the relationship between capital and labour – a benign co-operation between state officials and businessmen to organise economic development – this book argues that in fact the developmental state exists to promote the interests of capital over the interests of labour. Dae-oup Chang asserts that there has been a deliberate mystification concerning the reality of this process. This book presents a radical, Marxist critique of state development theory. It both explains the exploitative functions of the state, looking at the emergence of the particular form of capitalist state in the context of the formation and reproduction of capital relations in Korea; and also traces the origin and development of the process of mystification whereby the capitalist state has been characterised as the autonomous developmental state. In addition, the book provides a comprehensive analysis of labour relations in Korea both before and after the 1998 financial crisis, demonstrating continuing capital relations, state transition and class struggle.
Book Synopsis Developmental Mindset by : Elizabeth Thurbon
Download or read book Developmental Mindset written by Elizabeth Thurbon and published by Cornell University Press. This book was released on 2016-06-09 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian financial crisis of 1997–1998 was supposed to be the death knell for the developmental state. The International Monetary Fund supplied emergency funds for shattered economies but demanded that states liberalize financial markets and withdraw from direct involvement in the economy. Financial liberalization was meant to spell the end of strategic industry policy and the state-directed "policy lending" it involved. Yet, largely unremarked by analysts, South Korea has since seen a striking revival of financial activism. Policy lending by state-owned development banks has returned the state to the core of the financial system. Korean development banks now account for one quarter of all loans and take the lead in providing low-cost finance to local manufacturing firms in strategic industries.Elizabeth Thurbon argues that an ideational analysis can help explain this renewed financial activism. She demonstrates the presence of a "developmental mindset" on the part of political leaders and policy elites in Korea. This mindset involves shared ways of thinking about the purpose of finance and its relationship to the productive economy. The developmental mindset has a long history in Korea but is subject to the vicissitudes of political and economic circumstances. Thurbon traces the structural, institutional, political, and ideational factors that have strengthened and at times weakened the developmental consensus, culminating in the revival of financial activism in Korea. In doing so, Thurbon offers a novel defense of the developmental state idea and a new framework for investigating the emergence and evolution of developmental states. She also canvasses the implications of the Korean experience for wider debates concerning the future of financial activism in an era of financialization, energy insecurity, and climate change.
Book Synopsis Korea's Development Under Park Chung Hee by : Hyung-A Kim
Download or read book Korea's Development Under Park Chung Hee written by Hyung-A Kim and published by Routledge. This book was released on 2004-08-02 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on personal interviews with the principal policy-makers of the 1970s, Korea's Development under Park Chung-Hee examines how the president sought to develop South Korea into an independent, autonomous sovereign state both economically and militarily. Kim provides a new narrative in the complex task of exploring the paradoxical nature and effects of Korea's rapid development which maintains that any judgement of Park must consider his achievements in the socio-economic, cultural and political context in which they took place. Aspects of Park's government analyzed include: *his abhorrence of Korea's reliance on the US presence *the Korean model of state-guided industrialization *Park's rapid development strategy *the role of the ruling elites *Park's clandestine nuclear development program *the heavy chemical industrialisation of the 1970s The prevailing popularity of Park in the eyes of the Korean public is significant and relevant to their acceptance of how their national development was achieved. This book tells that story while simultaneously recognizing the flaws in the process. With a great deal of material never before published, scholars of Korean politics and history at all levels will find this book a stimulating account of South Korea in the 1960s and 1970s.
Book Synopsis Beyond the Developmental State by : Ben Fine
Download or read book Beyond the Developmental State written by Ben Fine and published by . This book was released on 2013 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exposes the theoretical and empirical limitations of the developmental state paradigm, offering policy alternatives.
Book Synopsis Korean Political and Economic Development by : Jongryn Mo
Download or read book Korean Political and Economic Development written by Jongryn Mo and published by Harvard University Press. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Mo and Weingast study three critical turning points in South Korea's remarkable transformation and offer a new view of how Korea was able to maintain pro-development policies with sustained growth by resolving repeated crises in favor of rebalancing and greater political and economic openness"--Provided by publisher.
Book Synopsis Developmental Liberalism in South Korea by : Chang Kyung-Sup
Download or read book Developmental Liberalism in South Korea written by Chang Kyung-Sup and published by Springer. This book was released on 2019-05-07 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book characterizes South Korea’s pre-neoliberal regime of social governance as developmental liberalism and analyzes the turbulent processes and complex outcomes of its neoliberal degeneration since the mid-1990s. Instead of repeating the politically charged critical view on South Korea’s failure in socially inclusionary and sustainable development, the author closely examines the systemic interfaces of the economic, political, and social constituents of its developmental transformation. South Korea has turned and remained developmentally liberal, rather than liberally liberal (like the United States), in its economic and sociopolitical configuration of social security, labor protection, population, education, and so forth. Initially conceived in the late 1980s, ironically along its democratic restoration, and radically accelerated during the national financial crisis in the late 1990s, South Korea’s neoliberal transition has become incomparably volatile and destructive, due crucially to its various distortive effects on the country’s developmental liberal order.
Book Synopsis Asia's Next Giant by : Alice Hoffenberg Amsden
Download or read book Asia's Next Giant written by Alice Hoffenberg Amsden and published by Oxford University Press, USA. This book was released on 1989 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Korea has been quietly growing into a major economic force, even challenging Japan in some industries. This growth may be seen as an example of "late industrialization" and this book discusses this point.
Book Synopsis The Asian Developmental State by : Yin-wah Chu
Download or read book The Asian Developmental State written by Yin-wah Chu and published by Springer. This book was released on 2016-04-08 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume re-examines the concept of the developmental state by providing further theoretical specifications, undertaking critical appraisal and theoretical re-interpretation, assessing its value for the emerging economies of China and India, and considering its applicability to South Korea and Taiwan.
Book Synopsis Big Business, Strong State by : Eun Mee Kim
Download or read book Big Business, Strong State written by Eun Mee Kim and published by State University of New York Press. This book was released on 1997-02-06 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book debunks the rosy success story about South Korean economic development by analyzing how the state and businesses formed an alliance, while excluding labor, in order to attain economic development, and how these three entities were transformed in the process. The author analyzes the paradox of South Korean development from 1960 to 1990—a period during which the country experienced dramatic social, economic, and political changes. By reexamining South Korea's development through the collaboration and conflict between the state and the chaebol (big businesses), she illuminates the inherent limitations and problems of the developmental state.
Book Synopsis The Role of Government in Economic Growth and Development by : Seung-Ho Kwon
Download or read book The Role of Government in Economic Growth and Development written by Seung-Ho Kwon and published by Nova Science Publishers. This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book explores the economic development trajectories of South Korea and Vietnam, focusing on the role of the state in economic success amidst similarities and differences in their experiences. These are among the matters that this book explores through a systematic comparative analysis of economic development and the role of the state in South Korea and Vietnam. The results of this analysis provide lessons that will be useful for other developing countries as well as deepen our understanding of the development experiences of South Korea and Vietnam. The innovative nature of this book can be summarized as follows: First, this book engages a historical perspective in order to explore and understand the dynamics of the role of the government; this approach will be valuable to examine how the government has adapted to changes in environmental conditions during the process of development, industrialization and globalization. Thus, the development trajectories of each country have been examined according to three key stages. Secondly, the book uses a comparative method, comparing a wide range of economic, social and political development indicators between the two countries. The comparison between two very different East Asian countries with distinctive social, economic and political systems and at different stages of development can be instructive to show whether the state-led East Asian model has changed, evolved, diminished, or is in terminal decline. Finally, the book uses a qualitative method to generate comprehensive country case studies that are essential to uncover the specific dynamics underlying different development trajectories and outcomes"--
Book Synopsis The Development of Modern South Korea by : Kyong Ju Kim
Download or read book The Development of Modern South Korea written by Kyong Ju Kim and published by Routledge. This book was released on 2007-01-24 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Development of Modern South Korea provides a comprehensive analysis of South Korean modernization by examining the dimensions of state formation, capitalist development and nationalism. Taking a comparative and interdisciplinary approach this book highlights the most characteristic features of South Korean modernity in relation to its historical conditions, institution traditions and cultural values paying particular attention to Korean's pre-modern civilization.
Download or read book Developmental States written by Linda Low and published by Nova Publishers. This book was released on 2004 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the Asian crisis triggered or precipitated the meltdown, a second, objective is to explore the reasons and factors for the breakdown or redundancy of developmental states, distinguishing between domestic transformative capacity and external global factors as identified. A third objective is to cull experiences and lessons beyond East Asia. With many transition economies in Central and Eastern Europe beside China and Indochinese states, the theory and practice of developmental states may be a useful bridge. These are by no means exhaustive and comprehensive aims, questions and issues. For individual developmental states covered in this volume, country-specific lessons may also be drawn for them to be reconfigured to stay relevant. The most important consideration for this volume is to value-add to the literature, both the theory and principles of the Asian developmental state as well as empirical observations observed elsewhere. This volume comprises 13 chapters in two parts.
