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Restructuring revisited : Flexible Korea and rigid Japan

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  • Restructuring revisited
  • Hwang, Suk-Man; Lim, Hyun-Chin
  • Seoul National University(Institute for Social Development and Policy Research, Center for Social Sciences)


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Title Restructuring revisited
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Sub Title

Flexible Korea and rigid Japan

Material Type Articles
Author(English)

Hwang, Suk-Man; Lim, Hyun-Chin

Publisher

[Seoul]:Seoul National University(Institute for Social Development and Policy Research, Center for Social Sciences)

Date 2003-12
Journal Title; Vol./Issue Development and Societ:vol. 32(no. 2)
Pages 24
Subject Country Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Conditions
Holding Seoul National University

Abstract

Korea has successfully undergone economic restructuring, as compared to Japan. The “"flexibility”" of Korea and “"rigidity”" of Japan are strongly related to the differences between development strategies the two countries adopted. Although Korea adopted the Japanese developmental state model, it excluded workers from the development coalition. Whereas excluded workers had been a source of instability in the Korean system, the well-found coalition of government, business, and workers in Japan had guaranteed stability of the system. This difference was not conspicuous before the economic crises; strong performance of the Korean economy and a heavy-handed government had silenced discontented Korean workers. When the crisis occurred, Korean workers demanded the overhaul of the system, while Japanese workers did not. While Japan attempted to protect the system, Korea dismantled it due to the lack of support of the disenchanted Korean people, in addition to pressure from IMF and foreign countries. (The rest omitted)