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Idea, institution and developmental governance : The role of the Korean state for economic development after the financial crisis in 1997

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  • Idea, institution and developmental governance
  • Yoon, Dae-yeob; Nishino, Junya
  • Yonsei University


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Title Idea, institution and developmental governance
Similar Titles
Sub Title

The role of the Korean state for economic development after the financial crisis in 1997

Material Type Articles
Author(English)

Yoon, Dae-yeob; Nishino, Junya

Publisher

[Seoul]:Yonsei University

Date 2012
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Government and Law < Governance
Holding International Political Science Association

Abstract

This study aims at theorizing the continuing role of the Korean state for economic development after financial crisis in 1997. It has taken for granted that the role of the state for economic development reduces with democratization, globalization. In particular, the financial crisis in 1997 was discussed as a historical juncture which accelerated liberal transition of Korean economy. On the other, some argue evolving or transforming role of the Korean state with legacies of developmental state. Both, however, fail to explain changing but continuing interventionist behavior of Korean state. This study conceptualizes developmental governance as alternative analytical framework. The crisis of export-depended industry revitalized policy idea for state-led industrial policy. Industrial legislation revised or even newly enacted after the crisis, is clearly represent policy idea. And policy idea provides Korean state with institutional discretionary power. (The rest omitted)

User Note

This paper is prepared for the 22th IPSA Congress, held on July 8-12, at the Complutense University, Madrid, Spain. Dae-yeob Yoon is director of Academic Planning Division of the Korea Foundation for Advanced Studies, and teaching at Yonsei University. Nishino Junya is an associate Professor of Keio University. The authors can be reached at solon602@yonsei.ac.kr, nishino@law.keio.ac.jp.