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Developmental state vs. globalization : South Korea’s developmental state in the aftermath of the Asian financial crisis of 1997-98

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  • Developmental state vs. globalization
  • Kim, Eunmee; Kim, Jiyoung
  • Korean Social Science Research Council


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Title Developmental state vs. globalization
Similar Titles
Sub Title

South Korea’s developmental state in the aftermath of the Asian financial crisis of 1997-98

Material Type Articles
Author(English)

Kim, Eunmee; Kim, Jiyoung

Publisher

[Seoul]:Korean Social Science Research Council

Date 2005
Journal Title; Vol./Issue Korean Social Science Journal:vol. 32(no. 2)
Pages 28
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Financial Policy
Economy < Economic Administration
Holding Korean Social Science Research Council

Abstract

This paper examines whether the developmental state is able to withstand the pressures of globalization. East Asia’s developmental states gained wide recognition for their effective interventionist policies and seemed like one of few organizations capable of standing up against globalization. However, the Asian financial crisis (1997-98) put this to a severe test as the developmental state was under great pressure from international organizations to restructure. We examine how South Korea’s developmental state responded to the forces of globalization in the aftermath of the Asianfinancial crisis focusing on a series of public sector reorganizations during the Kim Dae Jung administration (1998-2003). In particular, the paper pays close attention to the government offices that were at the heart of the developmental state and concludes that it is hasty to announce the demise of the South Korean developmental state.