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687 result(s) for "Economic development Korea (South) History."
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Developmental Mindset
The Asian financial crisis of 1997-1998 was supposed to be the death knell for the developmental state. The International Monetary Fund supplied emergency funds for shattered economies but demanded that states liberalize financial markets and withdraw from direct involvement in the economy. Financial liberalization was meant to spell the end of strategic industry policy and the state-directed \"policy lending\" it involved. Yet, largely unremarked by analysts, South Korea has since seen a striking revival of financial activism. Policy lending by state-owned development banks has returned the state to the core of the financial system. Korean development banks now account for one quarter of all loans and take the lead in providing low-cost finance to local manufacturing firms in strategic industries. Elizabeth Thurbon argues that an ideational analysis can help explain this renewed financial activism. She demonstrates the presence of a \"developmental mindset\" on the part of political leaders and policy elites in Korea. This mindset involves shared ways of thinking about the purpose of finance and its relationship to the productive economy. The developmental mindset has a long history in Korea but is subject to the vicissitudes of political and economic circumstances. Thurbon traces the structural, institutional, political, and ideational factors that have strengthened and at times weakened the developmental consensus, culminating in the revival of financial activism in Korea. In doing so, Thurbon offers a novel defense of the developmental state idea and a new framework for investigating the emergence and evolution of developmental states. She also canvasses the implications of the Korean experience for wider debates concerning the future of financial activism in an era of financialization, energy insecurity, and climate change.
Strategic, policy, and social innovation for a post-industrial Korea : beyond the miracle
\"Export-oriented industrialization has transformed the Korean economy so profoundly that it has become known as the \"Miracle on the Han\". Yet, this industrial model has become fragile, as Korea's chaebols are increasingly challenged by Chinese competitors. Attempts to seek out new engines of economic growth have failed, or remain under-developed, whilst a looming demographic crisis threatens to exacerbate Korea's problems. This book outlines a blueprint for overcoming these challenges, moving beyond the business strategies, government policies and socio-cultural patterns established under export-oriented industrialization. Written by a stellar line- up of international contributors, its central proposition is that social change is needed to support the strategic and operational transformation of the chaebol and SMEs. Specifically, it stresses the need for an appreciation of the gender, national and ethnic diversity emerging within the Korean workplace today. If properly leveraged, diversity has the potential to reduce the group think that hampers the creativity and responsiveness of Korean firms today, as well as facilitating greater success in overseas markets. Taking an interdisciplinary approach, this book will be useful to students and scholars Korean Studies, business, economics and sociology in East Asia.\"-- Provided by publisher.
Locked in Place
Why were some countries able to build \"developmental states\" in the decades after World War II while others were not? Through a richly detailed examination of India's experience,Locked in Placeargues that the critical factor was the reaction of domestic capitalists to the state-building project. During the 1950s and 1960s, India launched an extremely ambitious and highly regarded program of state-led development. But it soon became clear that the Indian state lacked the institutional capacity to carry out rapid industrialization. Drawing on newly available archival sources, Vivek Chibber mounts a forceful challenge to conventional arguments by showing that the insufficient state capacity stemmed mainly from Indian industrialists' massive campaign, in the years after Independence, against a strong developmental state. Chibber contrasts India's experience with the success of a similar program of state-building in South Korea, where political elites managed to harness domestic capitalists to their agenda. He then develops a theory of the structural conditions that can account for the different reactions of Indian and Korean capitalists as rational responses to the distinct development models adopted in each country. Provocative and marked by clarity of prose, this book is also the first historical study of India's post-colonial industrial strategy. Emphasizing the central role of capital in the state-building process, and restoring class analysis to the core of the political economy of development,Locked in Placeis an innovative work of theoretical power that will interest development specialists, political scientists, and historians of the subcontinent.
South Korea under Compressed Modernity
The condensed social change and complex social order governing South Koreans’ life cannot be satisfactorily delineated by relying on West-derived social theories or culturalist arguments. Nor can various globally eye-catching traits of this society in industrial work, education, popular culture, and a host of other areas be analyzed without developing innovative conceptual tools and theoretical frameworks designed to tackle the South Korean uniqueness directly. This book provides a fascinating account of South Korean society and its contemporary transformation. Focusing on the family as the most crucial micro foundation of South Korea’s economic, social, and political life, Chang demonstrates a shrewd insight into the ways in which family relations and family based interests shape the structural and institutional changes ongoing in South Korea today. While the excessive educational pursuit, family-exploitative welfare, gender-biased industrialization, virtual demise of peasantry, and familial industrial governance in this society have been frequently discussed by local and international scholarship, the author innovatively explicates these remarkable trends from an integrative theoretical perspective of compressed modernity. The family-centered social order and everyday life in South Korea are analyzed as components and consequences of compressed modernity. South Korea under Compressed Modernity is an essential read for anyone studying Contemporary Korea or the development of East Asian societies more generally. 1.Compressed Modernity and Its Familial Basis 2. Accidental Pluralism 3. The Social Investment Family and Educational Politics 4. The Nuclear Family and Welfare Politics 5. Women’s Labor and Gendered Industrialization 6. The Peasant Family and Rural-Urban Relations 7. Chaebol : the Logic of Familial Capitalism 8. Politics of Defamiliation 9. The Sustainability Crisis of Familial Modernity Chang Kyung-Sup, a Ph.D. from Brown University, is Professor of Sociology and Director of the Institute for Social Development and Policy Research, both at Seoul National University.
Strategic Coupling
InStrategic Coupling, Henry Wai-chung Yeung examines economic development and state-firm relations in East Asia, focusing in particular on South Korea, Taiwan, and Singapore. As a result of the massive changes of the last twenty-five years, new explanations must be found for the economic success and industrial transformation in the region. State-assisted startups and incubator firms in East Asia have become major players in the manufacture of products with a global reach: Taiwan's Hon Hai Precision has assembled more than 500 million iPhones, for instance, and South Korea's Samsung provides the iPhone's semiconductor chips and retina displays. Drawing on extensive interviews with top executives and senior government officials, Yeung argues that since the late 1980s, many East Asian firms have outgrown their home states, and are no longer dependent on state support; as a result the developmental state has lost much of its capacity to steer and direct industrialization. We cannot read the performance of national firms as a direct outcome of state action. Yeung calls for a thorough renovation of the still-dominant view that states are the primary engine of industrial transformation. He stresses action by national firms and traces various global production networks to incorporate both firm-specific activities and the international political economy. He identifies two sets of dynamics in these national-global articulations known as strategic coupling: coevolution in the confluence of state, firm, and global production networks, and the various strategies pursued by East Asian firms to attain competitive positions in the global marketplace.
The new Koreans : the story of a nation
\"Just a few decades ago, the Koreans were an impoverished, agricultural people. In one generation they moved from the fields to Silicon Valley. The nature and values of the Korean people provide the background for a more detailed examination of the complex history of the country, in particular its division and its emergence as an economic superpower. Who are these people? And where does their future lie?\"-- Provided by publisher.
New Millennium South Korea
Despite the common held belief that Asian nations have displayed anti-market tendencies of under-consumption and export-oriented trade since the Asian financial crisis, in the 10 years since the crisis, South Korea has bucked this trend accruing a higher debt rate than the US. This groundbreaking collection of essays addresses questions such as how did the open market policies and restructuring processes implemented during the Asian financial crisis magnify the consumption and debt level in South Korea to such an extent? What is the impact of these financial changes on the daily lives of people in different cultural and socio-economic groups? In examining these questions the authors provide valuable insight into the rise of financial capitalism, transnational mobility and the implications of neoliberal governing tactics following the Asian Financial Crisis. Examining South Korea’s transformation during the early years of the 21 st century, New Millenium South Korea will be of interest to anthropologists, economists and sociologists, as well as students and scholars of Korean Studies. Introduction: Why Korea in the New Millennium? Song, Jesook Part I: Economic and Sociological Accounts 1. Globalization and Social Inequality in South Korea Shin, Kwang-Yeong 2. Neoliberalism, the Financial Crisis and Economic Restructuring in Korea Lee, Kang-Kook 3. Neoliberalism in South Korea: The Dynamics of Financialization Jang, Jin-Ho Part II: Ethnographic and Historical Accounts 4. Contesting Legal Liminality: The Gendered Labor Politics of Irregular Workers in South Korea Chun, Jennifer Jihye 5. The Will to Self-Managing, the Will to Freedom: The Self-managing Ethic and the Spirit of Flexible Capitalism in South Korea Seo, Dongjin 6. Educational Manager Mothers As Neoliberal Maternal Subjects Park, So Jin 7. For the Rights of \"Colonial Returnees\": Korean Chinese, Decolonization and Neoliberal Democracy in South Korea Park, Hyun Ok 8. \"Not-Quite Korean\" Children in \"Almost Korean\" Families: The Fear of Decreasing Population and State Multiculturalism in South Korea Paik, Young-Gyung 9. \"If you don’t work, you don’t eat\": Evangelizing Development in Africa Han, Ju Hui Judy Han Jesook Song is an Associate Professor at the University of Toronto. As an anthropologist of Korea and a gender studies scholar, her interests include liberal governmentality, financialization, and youth education.