Download or read book The Internationalization of the Korean Political Economy written by Kevin Michael Hockmuth and published by . This book was released on 2015 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation explores the process of foreign economic policy liberalization in Korea from 1980-2010. It accounts for variations in the degree of liberalization across sectors and issue areas through case studies centered on the policies related to trade, FDI, and finance. Sources of influences on this process such as democratization, the state's developmental legacy, societal interests, ideational diffusion, and external stakeholders are incorporated into an analysis that identifies their impact on policy outcomes. This project looks at how significant changes in the internal and external parameters of the Korean economy generated coalitions favoring a more liberalized domestic economic order and those which sought to defend Korea's state-centered, mercantilistic developmental model. It offers a detailed explication of the manner in which Korean policymakers sought to formulate political outcomes that accommodated a disparate array of actors with diverging preferences into the policy process, while seeking to serve their own particular multifaceted interests. It finds that while external and domestic proponents of reform were successful in pushing Korea into increasingly deeper levels of liberalization, these efforts were continually conditioned and often attenuated by the institutional legacies of the developmental era and the social forces that were unleashed by democratization. This left the Korean economy with a fragmented set of foreign economic policies that reflected the incomplete and highly contested liberalization reform initiatives that colored policymaking during this period.
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'.
Download or read book The Korean Economy written by You-il Lee and published by Routledge. This book was released on 2019-05-01 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Korean Economy: From Growth to Maturity takes an in-depth, amalgamated look at the evolution of Korea’s globalization drive from the early 2000s (Kim Dae-jung regime, 1998–2003) to the present period (Park Geun-hye, 2013–2017). The book discusses the role of foreign companies on the sustainability of Korea’s economic growth, the relationship between the chaebol and the MNCs, the evolution of Korea's nation brand, and the role of the state in Korea’s new economic trajectory (globalization) since the 2000s. With data collected from fieldwork, the book provides both empirical and qualitative insights (economic, socio-cultural and political economic analysis) into the Korean political economy and would be a very useful reference to other emerging economies experiencing similar globalization paths.
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.
Download or read book Korea and Globalization written by James B. Lewis and published by Routledge. This book was released on 2013-07-04 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea faces two challenges in the twenty-first century: unification and globalization. Both entail problems of economic, political and cultural integration. In the past, Koreans successfully 'unified' in various forms, and 'globalized' in many ways. This book is a study of the theme of globalization, addressing various aspects of Korea's integration into the global community from a social scientific or humanistic perspective. This investigation begins with a focus on contemporary South and North Korea: the 'globalized' southern daily life, South Korean labour as a global player, the southern development state, and the cultural division that poses the greatest threat to reunification. Moving outwards in concentric circles, chapters address Korea's connections with its region and Koreans' contributions to the wider world. Relations with Japan, Korea's most difficult bi-lateral relationship, are surveyed to identify both patterns and images. The thirteenth century Tripitaka Koreana is the most complete collection of Buddhist scripture in Chinese and its recent digitization points towards a renaissance of this world religion. South Korea's pursuit of a Nobel Prize in Literature is put in perspective when one considers Korean contribution to the pre-modern Sinitic literary world. South Korea may owe its existence to the United Nations, but since entering the UN in 1991, it has taken to heart the altruistic urge of global peacekeeping.
Download or read book Korean Political and Economic Development written by Jongryn Mo and published by BRILL. This book was released on 2020-10-26 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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."
Download or read book The Search for a Unified Korea written by Eui-Gak Hwang and published by Springer. This book was released on 2010-03-11 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
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.
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 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ian Pirie gives a comprehensive and up-to-date analysis of state and economic restructuring in South Korea since the 1997 crisis.
Download or read book From Evolution to Revolution written by You-Il Lee and published by Ashgate Publishing, Ltd.. This book was released on 2003 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This multi-disciplinary book not only offers a close examination of the dynamics and politico-economic significance of Korea's 1997 financial and economic crisis but also provides an accurate assessment of the intertwining economic, social, political and cultural aspects of the relationship between foreign investment and Korea's new changing economic and market environment, as well as an encompassing analysis of the historical shaping of Korea's current political economy. The micro-specific and firm-level nature of the book provides qualitative insights into the Korean business mindset while exploring how multinational corporations mesh with the Korean marketplace in the prevailing, yet continually changing, economic and market environment. In particular, this book expands further the market analysis offering a cohesive exploration of the political economic framework, which comprises a detailed appraisal of the social, political, cultural and institutional changes reflected in the course of Korea's capitalist industrial development.
Download or read book The Korean Economy written by Barry Eichengreen and published by BRILL. This book was released on 2020-05-11 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: "South Korea has been held out as an economic miracle—as a country that successfully completed the transition from underdeveloped to developed country status—and as an example of how a middle-income country can continue to move up the technology ladder into the production and export of more sophisticated goods and services. But with these successes have come challenges, among them poverty, inequality, long work hours, financial instability, and complaints about the economic and political power of the country’s large corporate conglomerates, or chaebol.The Korean Economy provides an overview of Korean economic experience since the 1950s, with a focus on the period since democratization in 1987. Successive chapters analyze the Korean experience from the perspectives of political economy, the growth record, industrial organization and corporate governance, financial development and instability, labor and employment, inequality and social policy, and Korea’s place in the world economy. A concluding chapter describes the country’s economic challenges going forward and how they can best be met.The volume also serves to summarize the findings of companion volumes in the Harvard–Korean Development Institute series on the Korean economy, also published by the Harvard University Asia Center."
Download or read book Korea s Globalization written by Samuel S. Kim and published by Cambridge University Press. This book was released on 2000-06-19 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores Korea's globalization and its impact on all aspects of Korean society.
Download or read book Globalisation and Labour Struggle in Asia written by Phoebe Moore and published by I.B. Tauris. This book was released on 2007-06-29 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: How has South Korea's development influenced and been influenced by world events? The neo-Gramscian school theorises that world history reveals specific periods of hegemonic stability such as during the post World War II period of 'Pax Americana', but this new account of Korean development demonstrates that this speculation cannot be fully justified. Through making creative links between forms of state, education programmes, labour relations and the global climate throughout a series of 'historical blocs' such as the period of Japanese colonisation, Phoebe Moore covers the story of South Korean development. She observes that all economic development in South Korea has been carried out through 'passive revolution' driven by elite, frequently supported by external forces, against the will of a large part of the population, namely the working classes. In this original contribution Moore's critical International Political Economy approach sheds light on one of the fastest growing Asian economies and the 11th largest economy in the world. In doing so, she looks at the relationship between socio-economic change, passive revolution and its impact on the popular hegemony thesis.
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 312 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.
Download or read book Korea s Developmental Alliance written by David Hundt and published by Routledge. This book was released on 2008-10-27 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Korea is often cited as a case of miraculous transformation from poverty to prosperity. Korea’s achievement of moving from one of the world’s poorest countries as recently as the early 1960s to the ranks of the ten biggest economies only four decades later has rightly attracted interest from policymakers and scholars alike. This book identifies the factors that shaped relations between the state and big business in Korea, the ‘developmental alliance’. These factors offer a cogent framework in which to identify and predict changes in power relations between government and business. Rather than merely offering a means of explaining the rapid-growth phase of Korean development, the politics of the developmental alliance also help us understand how and why the Korean miracle turned to crisis in 1997 and why the subsequent recovery has been so uneven. In this way, the book highlights the political power of business, which is often underplayed in discussions of the development of Korea. It also sheds light on the constraints on policymakers during modernisation, and how power is shared among a small number of powerful parties. Illustrating the tumultuous politics of the ‘developmental alliance’ between business and government during the rise and decline of South Korea’s economic miracle, this book is an essential read for anyone interested in Korean politcs, economics and development,
Download or read book The Political Economy of Korea United States Cooperation written by C. Fred Bergsten and published by Peterson Institute. This book was released on 1995 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
