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Korea's developmental alliance state : Capital and the politics of rapid development

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  • Korea's developmental alliance state
  • Hundt, David
  • Routledge


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Title Korea's developmental alliance state
Similar Titles
Sub Title

Capital and the politics of rapid development

Material Type Reports
Author(English)

Hundt, David

Publisher

Abingdon:Routledge

Date 2009
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Government and Law < Public Administration
Government and Law < International Politics
Holding Routledge

Abstract

South Korea is often cited as a case of miraculous transformation from poverty to prosperity. Korea’s achievement of moving from one of the world’s poorest countries as recently as the early 1960s to the ranks of the ten biggest economies only four decades later has rightly attracted interest from policymakers and scholars alike. This book identifies the factors that shaped relations between the state and big business in Korea, the ‘developmental alliance’. These factors offer a cogent framework in which to identify and predict changes in power relations between government and business. Rather than merely offering a means of explaining the rapid-growth phase of Korean development, the politics of the developmental alliance also help us understand how and why the Korean miracle turned to crisis in 1997 and why the subsequent recovery has been so uneven. (The rest omitted)