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Foreign policy of developmental state : South Korean foreign policy role during the first oil crisis

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  • Foreign policy of developmental state
  • Gatav, Oyunbileg
  • Kookmin University


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Title Foreign policy of developmental state
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Sub Title

South Korean foreign policy role during the first oil crisis

Material Type Articles
Author(English)

Gatav, Oyunbileg

Publisher

Seoul:Kookmin University

Date 2014-04
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Government and Law < International Politics
Holding Kookmin University

Abstract

The paper examines the South Korean foreign policy role to overcome the first oil crisis in 1973 and balance of payment to sustain the industrialization. The paper looks inside to the developmental state foreign policy supportive features to overcome international constraints. Paper argues that foreign policy played an important role for the late-industrializing countries to develop industrialization because of the rapidly changing international environment during the Cold War. One of the most challenging international constraints was the first oil crisis. The crisis was more catastrophic because it combined with the United States hegemonic decline in world oil supply. During the Cold War, small states were hard to proceed “independent” foreign policy based on national interest when their security dependent on superpowers. Even though, South Korean government made a decision to support Arab state‟s position concerning Israeli-Arab conflict. (The rest omitted)