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Democracy and the Korean Economy

Author: Jongryn Mo

Publisher: Hoover Press

Published: 2021-07-21

Total Pages: 224

ISBN-13: 0817995536

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South Korea has been one of the great success stories of postwar economic development, rising from one of the poorest nations on earth in the 1960s to become the world's eleventh-largest economy by 1996. But Korea's model of economic development began to unravel in 1987. When the authoritarian rule that helped propel economic performance gave way to increasing public pressure for democracy, the Korean economy was confronted with fundamental transformations. With democracy came increasing consumption, labor activism, and rising wages. Yet many of the old policies of the export-oriented, pro-business authoritarian rule remained in place. The complex and multifaceted economic effects brought about by democratic change have defied analysis—until now. Democracy and the Korean Economy is an authoritative study of the new model of Korean political economy and the first book to analyze the economic impact of democratic change in South Korea. In addition to analyzing patterns of change in major policy areas, authors Jongryn Mo and Chung-in Moon closely examine specific industries—such as automobiles—and the family-controlled industrial conglomerates known as chaebols to analyze their market positions and political influence under both the authoritarian and democratic regimes. They show how conflicts in key policy areas have evolved, identify the political and economic factors that have been important to resolving those conflicts, and reveal the wide range of effects, both subtle and significant, of democratization on the Korean economy and on its economic policy.

Book Synopsis Democracy and the Korean Economy by : Jongryn Mo

Download or read book Democracy and the Korean Economy written by Jongryn Mo and published by Hoover Press. This book was released on 2021-07-21 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Korea has been one of the great success stories of postwar economic development, rising from one of the poorest nations on earth in the 1960s to become the world's eleventh-largest economy by 1996. But Korea's model of economic development began to unravel in 1987. When the authoritarian rule that helped propel economic performance gave way to increasing public pressure for democracy, the Korean economy was confronted with fundamental transformations. With democracy came increasing consumption, labor activism, and rising wages. Yet many of the old policies of the export-oriented, pro-business authoritarian rule remained in place. The complex and multifaceted economic effects brought about by democratic change have defied analysis—until now. Democracy and the Korean Economy is an authoritative study of the new model of Korean political economy and the first book to analyze the economic impact of democratic change in South Korea. In addition to analyzing patterns of change in major policy areas, authors Jongryn Mo and Chung-in Moon closely examine specific industries—such as automobiles—and the family-controlled industrial conglomerates known as chaebols to analyze their market positions and political influence under both the authoritarian and democratic regimes. They show how conflicts in key policy areas have evolved, identify the political and economic factors that have been important to resolving those conflicts, and reveal the wide range of effects, both subtle and significant, of democratization on the Korean economy and on its economic policy.

Korea’s Quest for Economic Democratization

Author: Youngmi Kim

Publisher: Springer

Published: 2017-09-06

Total Pages: 303

ISBN-13: 3319570668

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This book studies the sources of inequality in contemporary South Korea and the social and political contention this engenders. Korean society is becoming more polarized. Demands for ‘economic democratization’ and a fairer redistribution of wealth occupy centre-stage of political campaigns, debates and discourse. The contributions offer perspectives on this wide-ranging socio-political change by examining the transformation of organized labour, civil society, the emergence of new cleavages in society, and the growing ethnic diversity of Korea’s population. Bringing together a team of scholars on Korea’s transition and democratization, the story the books tells is one of a society acutely divided by the neo-liberal policies that accompanied and followed the Asian financial crisis. Taken together, the contributions argue that tackling inequalities are challenges that Korean policy-makers can no longer postpone. The solution, however, cannot be imposed, once again, from the top down, but needs to arise from a broader conversation including all segments of Korean society. The book is intended for a readership interested in South Korean politics specifically, and global experiences in transition more generally.

Book Synopsis Korea’s Quest for Economic Democratization by : Youngmi Kim

Download or read book Korea’s Quest for Economic Democratization written by Youngmi Kim and published by Springer. This book was released on 2017-09-06 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the sources of inequality in contemporary South Korea and the social and political contention this engenders. Korean society is becoming more polarized. Demands for ‘economic democratization’ and a fairer redistribution of wealth occupy centre-stage of political campaigns, debates and discourse. The contributions offer perspectives on this wide-ranging socio-political change by examining the transformation of organized labour, civil society, the emergence of new cleavages in society, and the growing ethnic diversity of Korea’s population. Bringing together a team of scholars on Korea’s transition and democratization, the story the books tells is one of a society acutely divided by the neo-liberal policies that accompanied and followed the Asian financial crisis. Taken together, the contributions argue that tackling inequalities are challenges that Korean policy-makers can no longer postpone. The solution, however, cannot be imposed, once again, from the top down, but needs to arise from a broader conversation including all segments of Korean society. The book is intended for a readership interested in South Korean politics specifically, and global experiences in transition more generally.

Consolidating Democracy in South Korea

Author: Larry Jay Diamond

Publisher: Lynne Rienner Publishers

Published: 2000

Total Pages: 272

ISBN-13: 9781555878481

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A review of the dilemmas, tensions and contradictions arising from democratic consolidation in South Korea. It explores the turbulent features of Korean democracy in its first decade, assesses the progress that has been made, and identifies the key obstacles to effective democratic governance.

Book Synopsis Consolidating Democracy in South Korea by : Larry Jay Diamond

Download or read book Consolidating Democracy in South Korea written by Larry Jay Diamond and published by Lynne Rienner Publishers. This book was released on 2000 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: A review of the dilemmas, tensions and contradictions arising from democratic consolidation in South Korea. It explores the turbulent features of Korean democracy in its first decade, assesses the progress that has been made, and identifies the key obstacles to effective democratic governance.

Democratization and Democracy in South Korea, 1960–Present

Author: Hyug Baeg Im

Publisher: Springer Nature

Published: 2020-08-14

Total Pages: 330

ISBN-13: 9811537038

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This book analyses democratization and democracy in South Korea since 1960. The book starts with an analysis of the distinctive characteristics of bureaucratic authoritarianism and how democratic transition had been possible after inconclusive and protracted “tug of war” between authoritarian regime and democratic opposition. It then goes on to explore what the opportunities and constraints to the new democracy are to be a consolidated democracy, how new democracy had changed the industrial relations in the post-transition period, how premodern political culture such as Confucian patrimonialism and familism had obstructed democratic consolidation, and the improvement of quality of democracy. The author compares empirically, from the perspective of a comparative political scientist, political regime superiority of democracy over authoritarianism with regard to economic development. He concludes that “democratic incompetence” theory has been proven wrong and, in South Korea, democracy has performed better than authoritarian regimes in terms of economic growth with equity, employment, distribution of income, trade balance, and inflation. This book will benefit political scientists, development economists, labor economists, religious sociologists, military sociologists, and historians focusing on East Asian history.

Book Synopsis Democratization and Democracy in South Korea, 1960–Present by : Hyug Baeg Im

Download or read book Democratization and Democracy in South Korea, 1960–Present written by Hyug Baeg Im and published by Springer Nature. This book was released on 2020-08-14 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses democratization and democracy in South Korea since 1960. The book starts with an analysis of the distinctive characteristics of bureaucratic authoritarianism and how democratic transition had been possible after inconclusive and protracted “tug of war” between authoritarian regime and democratic opposition. It then goes on to explore what the opportunities and constraints to the new democracy are to be a consolidated democracy, how new democracy had changed the industrial relations in the post-transition period, how premodern political culture such as Confucian patrimonialism and familism had obstructed democratic consolidation, and the improvement of quality of democracy. The author compares empirically, from the perspective of a comparative political scientist, political regime superiority of democracy over authoritarianism with regard to economic development. He concludes that “democratic incompetence” theory has been proven wrong and, in South Korea, democracy has performed better than authoritarian regimes in terms of economic growth with equity, employment, distribution of income, trade balance, and inflation. This book will benefit political scientists, development economists, labor economists, religious sociologists, military sociologists, and historians focusing on East Asian history.

Transforming Korean Politics

Author: Young Whan Kihl

Publisher: Routledge

Published: 2015-03-26

Total Pages: 422

ISBN-13: 1317453328

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Over the past fifteen years, South Korea has transformed itself from an authoritarian government into a new democracy with a vibrant capitalist economy. Modernization, democratization, and globalization have played important roles in this transformation, and have greatly influenced the programs and policies of Korea's Sixth Republic. Covering developments through the 2003 elections, this book shows how the South Korean government and society have been shaped not only by the dynamics of these forces, but also by their interaction with the cultural norms of a post-Confucian society. The author provides a conceptual framework and baseline for examining political developments in Korea, and offers an analysis of the factors that are transforming Korean institutions, society, and politics. He discusses the forces shaping Korea's political economy and the performance of successive ROK governments, and also highlights the challenges faced by the newly elected administration of Roh Moo Huan, the North Korean issue, and more.

Book Synopsis Transforming Korean Politics by : Young Whan Kihl

Download or read book Transforming Korean Politics written by Young Whan Kihl and published by Routledge. This book was released on 2015-03-26 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past fifteen years, South Korea has transformed itself from an authoritarian government into a new democracy with a vibrant capitalist economy. Modernization, democratization, and globalization have played important roles in this transformation, and have greatly influenced the programs and policies of Korea's Sixth Republic. Covering developments through the 2003 elections, this book shows how the South Korean government and society have been shaped not only by the dynamics of these forces, but also by their interaction with the cultural norms of a post-Confucian society. The author provides a conceptual framework and baseline for examining political developments in Korea, and offers an analysis of the factors that are transforming Korean institutions, society, and politics. He discusses the forces shaping Korea's political economy and the performance of successive ROK governments, and also highlights the challenges faced by the newly elected administration of Roh Moo Huan, the North Korean issue, and more.

The Political Economy of South Korea

Author: Uk Heo

Publisher:

Published: 2008

Total Pages: 54

ISBN-13:

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Book Synopsis The Political Economy of South Korea by : Uk Heo

Download or read book The Political Economy of South Korea written by Uk Heo and published by . This book was released on 2008 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mass-participatory Economy

Author: Dae Jung Kim

Publisher: University Press of America

Published: 1996

Total Pages: 280

ISBN-13:

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The Korean economy is beset with problems caused by increasingly tough international competition on the one hand, and years of undemocratic, strong-armed resource allocation practices on the other. This revised edition offers an analysis and critique of the current state of Korea's economy by Kim Dae Jung, the president of South Korea, has spent decades deeply involved in Korean politics. In this book, he outlines his goals for reinvigorating his country's economy and making South Korea a leading economic power in the global marketplace.Chapters: My Vision for the Korean Economy; The Goal and Basic Principles of my Reform Program; A Brief History of the Post-War Korean Economy; The Economic Policies of Park Chung Hee and Chun Doo Hwan; Korea's Economy under Roh Tae Woo; Price Stability: A Foundation for Sustained Growth; Parasitic Land Speculation and the Housing Problem; Liberalization of the Financial Sector: The Keystone to Further Reforms; Reforming the Fiscal Structure for Equity and Efficiency; The Export Crisis and a Fundamental Solution; Large Enterprises vs. Small-Medium-Sized Firms: Toward a Division of Roles; From an Authoritarian to a Cooperative Labor-Management Relationship; How Can We Revive Our Dying Rural Economy?; Education, Science and Technology for the 21st Century; Distributional Justice and Social Welfare; Summing Up: The Road to Becoming the World's Eighth Largest Economic Power.Co-published with The Center for International Affairs, Harvard.

Book Synopsis Mass-participatory Economy by : Dae Jung Kim

Download or read book Mass-participatory Economy written by Dae Jung Kim and published by University Press of America. This book was released on 1996 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Korean economy is beset with problems caused by increasingly tough international competition on the one hand, and years of undemocratic, strong-armed resource allocation practices on the other. This revised edition offers an analysis and critique of the current state of Korea's economy by Kim Dae Jung, the president of South Korea, has spent decades deeply involved in Korean politics. In this book, he outlines his goals for reinvigorating his country's economy and making South Korea a leading economic power in the global marketplace.Chapters: My Vision for the Korean Economy; The Goal and Basic Principles of my Reform Program; A Brief History of the Post-War Korean Economy; The Economic Policies of Park Chung Hee and Chun Doo Hwan; Korea's Economy under Roh Tae Woo; Price Stability: A Foundation for Sustained Growth; Parasitic Land Speculation and the Housing Problem; Liberalization of the Financial Sector: The Keystone to Further Reforms; Reforming the Fiscal Structure for Equity and Efficiency; The Export Crisis and a Fundamental Solution; Large Enterprises vs. Small-Medium-Sized Firms: Toward a Division of Roles; From an Authoritarian to a Cooperative Labor-Management Relationship; How Can We Revive Our Dying Rural Economy?; Education, Science and Technology for the 21st Century; Distributional Justice and Social Welfare; Summing Up: The Road to Becoming the World's Eighth Largest Economic Power.Co-published with The Center for International Affairs, Harvard.

Korean Politics

Author: John Kie-Chiang Oh

Publisher: Cornell University Press

Published: 2018-09-05

Total Pages: 272

ISBN-13: 1501729268

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Extraordinary political and economic changes have rocked the Republic of Korea over the past fifty years. John Oh, a Korean-born political scientist, has written a clear and insightful account of government and politics throughout this turbulent period. His chronological and thematic study analyzes both the conflicts between authoritarian forces and populist/democratic elements and the nation's determined efforts to achieve economic growth. In relating Korea's transformation to a democratic society and an industrial state, Oh explains how the country's politics and economy are interrelated. He covers the launching of the first democratic republic, the emergence of military regimes, and the growth of the middle class and the civil society. He also reveals the causes of collusion between political and economic groups which led to corruption, structural anomalies, and economic crises. Korean Politics is the first English-language book to draw on original Korean-language sources including testimonies from the trials of former presidents in its analysis of their military-dominated governments. The book concludes with succinct discussions on the first peaceful transfer of power to an opposition leader, Kim Dae-jung. Timely and authoritative, it is an ideal classroom text and an indispensable reference on contemporary Korea.

Book Synopsis Korean Politics by : John Kie-Chiang Oh

Download or read book Korean Politics written by John Kie-Chiang Oh and published by Cornell University Press. This book was released on 2018-09-05 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extraordinary political and economic changes have rocked the Republic of Korea over the past fifty years. John Oh, a Korean-born political scientist, has written a clear and insightful account of government and politics throughout this turbulent period. His chronological and thematic study analyzes both the conflicts between authoritarian forces and populist/democratic elements and the nation's determined efforts to achieve economic growth. In relating Korea's transformation to a democratic society and an industrial state, Oh explains how the country's politics and economy are interrelated. He covers the launching of the first democratic republic, the emergence of military regimes, and the growth of the middle class and the civil society. He also reveals the causes of collusion between political and economic groups which led to corruption, structural anomalies, and economic crises. Korean Politics is the first English-language book to draw on original Korean-language sources including testimonies from the trials of former presidents in its analysis of their military-dominated governments. The book concludes with succinct discussions on the first peaceful transfer of power to an opposition leader, Kim Dae-jung. Timely and authoritative, it is an ideal classroom text and an indispensable reference on contemporary Korea.

Contemporary Korea

Author: Ho Youn Kwon

Publisher:

Published: 1997

Total Pages: 398

ISBN-13:

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Book Synopsis Contemporary Korea by : Ho Youn Kwon

Download or read book Contemporary Korea written by Ho Youn Kwon and published by . This book was released on 1997 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: