Politics of Economic Reform in South Korea: A Fragile Miracle

Book Description
This comprehensive and authoritative account of the development of the Korean economy combines a historical approach with a substantial section on the new economy.


Book Info
(Taylor and Francis) Extends the political institutionalist analysis of the economic performance and politics of economics in South Korea to include the developments over the last decade. A fresh analysis of recent labor issues and a source of comparative political economy and East Asian development. DLC: Korea (South)--Economic conditions.


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Based on the case of South Korea (here-inafter Korea), this study will extend the political institutionalist analysis in the light of the last decade of global transition towards economic liberalisation and democratisation ('dual transition'). Set in the context of parallel changes in other former developmental states (notably those of Latin America), this volume will investigate key issues of Korea's recent experience of transition including: Korea's 'gradualist' or 'continuous' pattern of economic and political reform; the variations in the rhythm and priorities of reform within the gradualist pattern of transition; the developmental alliance of state and business as a source of both economic dynamism and vulnerability, and the endurance of that alliance despite persistent reform efforts; the external shock and regime change of 1997 as the catalyst for decisively transforming the institutional foundations of Korean development." "This account of the development of the Korean economy combines an historical approach with a substantial treatment of the new economy. Its analysis of the recent transition and systematic treatment of labour issues represent a significant contribution to the scholarship on the politics of development. It is an essential resource for students of comparative political economy and East Asian development.


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