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Developmental state in Korea (60-70ties) revisited : Institution-building for the making of 'coordinated market'

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  • Developmental state in Korea (60-70ties) revisited
  • Park, Sung-Jo
  • OrdnungsPolitisches Portal (OPO)


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Title Developmental state in Korea (60-70ties) revisited
Similar Titles
Sub Title

Institution-building for the making of 'coordinated market'

Material Type Reports
Author(English)

Park, Sung-Jo

Publisher

[Berlin, Germany] : OrdnungsPolitisches Portal (OPO)

Date 2013-08
Series Title; No Working paper / 2013-02
Pages 30
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Holding IDEAS
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Abstract

The paper attempts to decribe and analyze institutiononal and strategic variables for the success of developmental state under the Park Regime in the 60-70ties in Korea. Particular accent was placed on economic planning and its implementation supported by rationality-centered bureaucrats and foreign capital inducement. Mention was made about the exportled development strategy combined with the unbalanced growth model which resulted in severe regional development gap. A noteworty strategy by the Park regime was to bring up Chaebols as development actors which contributed to a successful model of technology-intensive heavy and chemical industries.