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Developmental state and finance: Evolution of development finance institutions : The case of South Korea

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  • Developmental state and finance: Evolution of development finance institutions
  • Mikheeva, Olga
  • University of Tampere


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Title Developmental state and finance: Evolution of development finance institutions
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Sub Title

The case of South Korea

Material Type Articles
Author(English)

Mikheeva, Olga

Publisher

[Tampere]:University of Tampere

Date 2015
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Economy < Economic Administration
Holding Globelics Academy

Abstract

The concept of the Asian developmental state has been theorized and discussed for a few decades (Wade 1994, Haggard 1990, Amsden 1989, Weiss 2004, Hobday 2009, Evans 1995, Chang 1998 among the others) while in most cases the studies deal with successful development policies of 1960s-1980s. Yet in the course of technological change (from ICT to science-based technologies), new economic imperatives, internal political pressures and international pressures for greater transparency and liberalization (especially in the context of Asian financial crisis), state interventionist policies and state paternalism have been significantly transformed during the course of 1990s-2000s. Critical assessment of these transformations exists while it often lacks assessment of qualitative changes within the institutions and structures, to paraphrase Lundvall (2006). (The rest omitted)