The Politics of Economic Reform in South Korea

The Politics of Economic Reform in South Korea

Author: Tat Yan Kong

Publisher: Routledge

Published: 2013-10-11

Total Pages: 310

ISBN-13: 1136184066

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This comprehensive and authoritative account of the development of the Korean economy combines an historical approach with a substantial treatment of the new economy. Its fresh analysis of the recent transition and systematic treatment of labour issues represent a significant contribution to the scholarship on the politics of development. It is an essential resource for students of comparative political economy and East Asian development.


Korea's Political Economy

Korea's Political Economy

Author: Lee-Jay Cho

Publisher: Routledge

Published: 2019-03-07

Total Pages: 742

ISBN-13: 0429703481

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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.


Transforming Korean Politics

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.


The Political Economy of 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'.


The Political Economy of Change and Continuity in Korea

The Political Economy of Change and Continuity in Korea

Author: Seungjoo Lee

Publisher: Springer

Published: 2018-08-25

Total Pages: 143

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.​


Korean Political and Economic Development

Korean Political and Economic Development

Author: Jongryn Mo

Publisher: BRILL

Published: 2020-10-26

Total Pages: 246

ISBN-13: 1684175372

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"How do poor nations become rich, industrialized, and democratic? And what role does democracy play in this transition? To address these questions, Jongryn Mo and Barry R. Weingast study South Korea’s remarkable transformation since 1960. The authors concentrate on three critical turning points: Park Chung Hee’s creation of the development state beginning in the early 1960s, democratization in 1987, and the genesis of and reaction to the 1997 economic crisis. At each turning point, Korea took a significant step toward creating an open access social order.The dynamics of this transition hinge on the inclusion of a wide array of citizens, rather than just a narrow elite, in economic and political activities and organizations. The political economy systems that followed each of the first two turning points lacked balance in the degree of political and economic openness and did not last. The Korean experience, therefore, suggests that a society lacking balance cannot sustain development. Korean Political and Economic Development offers a new view of how Korea was able to maintain a pro-development state with sustained growth by resolving repeated crises in favor of rebalancing and greater political and economic openness."


The Search for a Unified Korea

The Search for a Unified Korea

Author: Eui-Gak Hwang

Publisher: Springer

Published: 2010-03-11

Total Pages: 217

ISBN-13: 1441915621

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North Korea’s brinkmanship diplomacy has continued to disturb the world with its seemingly reckless missile testing, as the country’s leader, Kim Jong-Il, is rumored to be terminally ill with pancreatic cancer. North Korea appears to be in a state of serious internal crisis not only because its dictatorial system, albeit skillful and ruthless leadership, is inherently unstable, if not skillful and ruthless leadership, but also because the main pillar of Kim Jong-Il’s legitimacy is rapidly eroding due to both mass starvations and the exodus of grassroots and mass exodus of the North Korean people into nearby regions. The main objective of this book is to explore the probability of North Korea’s implosion, and second to search for a feasible way for Korean reuni?cation as a possible consequence of a big bang event on the peninsula. The geopolitics of the Korean Peninsula is historically very complicated as Korea is bordered and s- rounded by four big powers; namely, China, Russia, Japan, and the United States. Each country has its own varying degrees of political, economic, and military stakes with respect to the Korean Peninsula. Thus, the Land of the Morning Calm has remained divided since 1945 mainly as a result of the domain war among these super powers. As the North nears a turning point, however, there is a new possibility for the two Koreas to reunite if the international environments work in their favor, and if both countries are well prepared to assume reuni?cation.


Han Unbound

Han Unbound

Author: John Lie

Publisher: Stanford University Press

Published: 1998

Total Pages: 282

ISBN-13: 9780804740159

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Because the author sees South Korean development as contingent on a variety of particular circumstances, he ranges widely to include not only the information typically gathered by sociologists and political economists, but also insights gained from examining popular tastes and values, poetry, fiction, and ethnography, showing how all of these aspects of South Korean life help elucidate his main themes.