Mafioso, Big Business and the Financial Crisis: The State-Business Relations in South Korea and Japan

Asking why the Korean and Japanese corporate arrangements could have been so economically successful in a few short years and yet have stumbled so quickly in the recent financial crisis, the author argues that the strong state-business linkages (what he terms the `mafioso' state) in both cases are responsible for both the successes and failures of the systems. He concludes that the linkages will wither away, but the and the will remain and prosper. Annotation c. Book News, Inc., Portland, OR (booknews.com)


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