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Recasting Korean dirigisme

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Frame of Image itical optimization and human development are necessary for developmental progress. For such rethinking about development, Korea2 provides a good forum. Korea represents a particularly interesting case not only because of its general world-historical importance (one of the best success stories that has critically undermined the dependency or neo-Marxist explanation for the troubled industrialization experiences of non-Western countries3), but also because Korean dirigisme, or system of state-led development, carried with it a flawed authoritarian disease which withered the fruits of development by directing the development process without regards for the needs and lives of ordinary citizens. In terms of development in a purely economic sense before the 1997 Asian financial crisis, Korea was the IMF's poster-child, the developing country that had obeyed all the rules and prospered. Korea, an OECD member since 1996, almost uniquely had made it out of
the poor country category and into the ranks of the developed economies. After the wrenching financial collapse of 1997, however, Korea was often taken to illustrate the need for opening markets and to show the dangers of state-directed development. While there are elements of truth in both stories, neither provides an adequate account of Korean dirigisme. This paper offers an alternative understanding and a critique of how Korean development has been interpreted by those such conventional analyses. The problematique this paper exa


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Title Recasting Korean dirigisme
Similar Titles
Material Type Reports
Author(English)

Park, Hun Joo

Publisher

[Seoul]:KDI school of Public Policy and Management

Date 1999
Series Title; No Working paper series / 03-06
Pages 36
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Government and Law < Public Administration
Holding KDI school of Public Policy and Management