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The Political Economy of Change and Continuity in Korea

Author: Seungjoo Lee

Publisher: Springer

Published: 2018-08-25

Total Pages: 136

ISBN-13: 3319714538

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This book analyzes the transformation of Korean political economy since the 1990s. In the wake of the Asian financial crisis of 1997, the political economy of South Korea has evolved around two diametrically opposed features: convergence into the Anglo-American model and the state-led strategic restructuring of industries. To unravel the peculiar nature of the political economy in Korea, the authors first identify major factors that contributed to the dual dynamics of change and continuity in Korea: external pressures, ideological shift in political leadership, and the pivotal role of the Korean government. Next, they examine the way in which these factors interacted with each other to reshape the evolutionary path of the Korean political economy. Using several case studies, the authors take us through the stages of this transformation, from the reform of the chaebols to the industrial restructuring of the auto, IT, and aerospace industries to the rise of South Korea’s Free Trade Agreements (FTA) initiative. In explaining the role that the dual dynamics of change and continuity play in modern Korean political economy, this book makes an important contribution to the existing literature and will be of interest to scholars and policy-makers concerned with development in Korea and the Asia-Pacific.

Book Synopsis The Political Economy of Change and Continuity in Korea by : Seungjoo Lee

Download or read book The Political Economy of Change and Continuity in Korea written by Seungjoo Lee and published by Springer. This book was released on 2018-08-25 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the transformation of Korean political economy since the 1990s. In the wake of the Asian financial crisis of 1997, the political economy of South Korea has evolved around two diametrically opposed features: convergence into the Anglo-American model and the state-led strategic restructuring of industries. To unravel the peculiar nature of the political economy in Korea, the authors first identify major factors that contributed to the dual dynamics of change and continuity in Korea: external pressures, ideological shift in political leadership, and the pivotal role of the Korean government. Next, they examine the way in which these factors interacted with each other to reshape the evolutionary path of the Korean political economy. Using several case studies, the authors take us through the stages of this transformation, from the reform of the chaebols to the industrial restructuring of the auto, IT, and aerospace industries to the rise of South Korea’s Free Trade Agreements (FTA) initiative. In explaining the role that the dual dynamics of change and continuity play in modern Korean political economy, this book makes an important contribution to the existing literature and will be of interest to scholars and policy-makers concerned with development in Korea and the Asia-Pacific.

The Korean Developmental State

Author: Kyung Mi Kim

Publisher: Springer Nature

Published: 2020-04-25

Total Pages: 266

ISBN-13: 9811534659

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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 : 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.

The Korean Peninsula in Transition

Author: Dae Hwan Kim

Publisher: Springer

Published: 2016-07-27

Total Pages: 277

ISBN-13: 1349251410

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Since the 1980s the Korean peninsula has been in a state of transition. Forged by the Cold War, the politico-economic systems of North and South Korea as well as the international system of Northeast Asia are in a state of flux. Apart from identifying the main aspects of the transition taking place, this volume explains the sources of change and continuity, and relates the empirical trends from Korea to the contemporary debates in the social sciences.

Book Synopsis The Korean Peninsula in Transition by : Dae Hwan Kim

Download or read book The Korean Peninsula in Transition written by Dae Hwan Kim and published by Springer. This book was released on 2016-07-27 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1980s the Korean peninsula has been in a state of transition. Forged by the Cold War, the politico-economic systems of North and South Korea as well as the international system of Northeast Asia are in a state of flux. Apart from identifying the main aspects of the transition taking place, this volume explains the sources of change and continuity, and relates the empirical trends from Korea to the contemporary debates in the social sciences.

Continuity and Change in U.S.-Korean Relations

Author: United States. President (1989-1993 : Bush)

Publisher:

Published: 1989

Total Pages: 8

ISBN-13:

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Book Synopsis Continuity and Change in U.S.-Korean Relations by : United States. President (1989-1993 : Bush)

Download or read book Continuity and Change in U.S.-Korean Relations written by United States. President (1989-1993 : Bush) and published by . This book was released on 1989 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Women Of Japan & Korea

Author: Joyce Gelb

Publisher: Temple University Press

Published: 2009-01-30

Total Pages: 321

ISBN-13: 1439900965

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Original research on the changing roles of women in Japan and Korea.

Book Synopsis Women Of Japan & Korea by : Joyce Gelb

Download or read book Women Of Japan & Korea written by Joyce Gelb and published by Temple University Press. This book was released on 2009-01-30 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Original research on the changing roles of women in Japan and Korea.

The Political Economy of Korea

Author: J. Uttam

Publisher: Springer

Published: 2014-12-10

Total Pages: 402

ISBN-13: 1137451246

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Korea's twin transitions – agrarian to industrial and industrial to post-industrial – transformed the country's political economy. Moving away from the traditional focus on aspects such as market, culture, and colonialism, the author argues that Korea's 'second state' was revitalized through the 'people's movement' and 'citizens movement'.

Book Synopsis The Political Economy of Korea by : J. Uttam

Download or read book The Political Economy of Korea written by J. Uttam and published by Springer. This book was released on 2014-12-10 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea's twin transitions – agrarian to industrial and industrial to post-industrial – transformed the country's political economy. Moving away from the traditional focus on aspects such as market, culture, and colonialism, the author argues that Korea's 'second state' was revitalized through the 'people's movement' and 'citizens movement'.

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 Political Economy

Author: Lee-Jay Cho

Publisher: Routledge

Published: 2019-03-07

Total Pages: 710

ISBN-13: 0429723490

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Over the past three decades, South Korea has moved along a path of strong economic growth and political democratization, attracting worldwide attention and providing valuable lessons for other developing economies. Yet Korea still must grapple with many intractable problems fueled by its rapid industrialization and uneven growth, including unbalanced distribution of wealth, concentrated economic power, and adversarial relationships between management and labor. Within the context of these sweeping changes, this volume explores options for economic and social institutional reform in Korea. Drawing on models of economic development from Japan, the United States, and Europe, a distinguished group of Asian and Western scholars relates the experiences of previously industrialized economies to each facet of Koreas economic system, including national management; taxation and banking; land ownership and use; trade and industrial strategy; and relations among business ownership, management, and labor. In so doing, the contributors provide valuable insights and fresh proposals for a viable model of social and economic modernization. Throughout the volume, the contributors emphasize the importance of Koreas cultural heritage-not only in explaining the nations recent growth but also as a key element of its continued success. By providing an overview of the evolution and interaction of Korean economic, political, and sociocultural institutions, the contributors make clear how these structures mediate the movement between cultural values and economic progress.

Book Synopsis Korea's Political Economy by : Lee-Jay Cho

Download or read book Korea's Political Economy written by Lee-Jay Cho and published by Routledge. This book was released on 2019-03-07 with total page 710 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past three decades, South Korea has moved along a path of strong economic growth and political democratization, attracting worldwide attention and providing valuable lessons for other developing economies. Yet Korea still must grapple with many intractable problems fueled by its rapid industrialization and uneven growth, including unbalanced distribution of wealth, concentrated economic power, and adversarial relationships between management and labor. Within the context of these sweeping changes, this volume explores options for economic and social institutional reform in Korea. Drawing on models of economic development from Japan, the United States, and Europe, a distinguished group of Asian and Western scholars relates the experiences of previously industrialized economies to each facet of Koreas economic system, including national management; taxation and banking; land ownership and use; trade and industrial strategy; and relations among business ownership, management, and labor. In so doing, the contributors provide valuable insights and fresh proposals for a viable model of social and economic modernization. Throughout the volume, the contributors emphasize the importance of Koreas cultural heritage-not only in explaining the nations recent growth but also as a key element of its continued success. By providing an overview of the evolution and interaction of Korean economic, political, and sociocultural institutions, the contributors make clear how these structures mediate the movement between cultural values and economic progress.

Changes by Competition

Author: Hyeong-ki Kwon

Publisher: Oxford University Press

Published: 2021-02-11

Total Pages: 241

ISBN-13: 0192635611

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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 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.

Politics in East Asia

Author: Timothy C. Lim

Publisher: Lynne Rienner Pub

Published: 2014

Total Pages: 417

ISBN-13: 9781626370555

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This systematic, innovative introduction to the dynamic politics and political economies of China, Japan, North Korea, South Korea, and Taiwan teaches students how to think analytically, critically, and independently about the most significant developments in the region. The text offers in-depth coverage of the unique experiences of each country, all within the framework of an explicit comparative perspective. Throughout, the five countries are contrasted with one another to maximize opportunities for learning. Covering the intertwined issues of politics, economics, and culture, this is a book that is ideally suited for assignment in any social science course on East Asia.

Book Synopsis Politics in East Asia by : Timothy C. Lim

Download or read book Politics in East Asia written by Timothy C. Lim and published by Lynne Rienner Pub. This book was released on 2014 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This systematic, innovative introduction to the dynamic politics and political economies of China, Japan, North Korea, South Korea, and Taiwan teaches students how to think analytically, critically, and independently about the most significant developments in the region. The text offers in-depth coverage of the unique experiences of each country, all within the framework of an explicit comparative perspective. Throughout, the five countries are contrasted with one another to maximize opportunities for learning. Covering the intertwined issues of politics, economics, and culture, this is a book that is ideally suited for assignment in any social science course on East Asia.