The Political Economy of Change and Continuity in Korea


Book Description

This book analyzes the transformation of Korean political economy since the 1990s. In the wake of the Asian financial crisis of 1997, the political economy of South Korea has evolved around two diametrically opposed features: convergence into the Anglo-American model and the state-led strategic restructuring of industries. To unravel the peculiar nature of the political economy in Korea, the authors first identify major factors that contributed to the dual dynamics of change and continuity in Korea: external pressures, ideological shift in political leadership, and the pivotal role of the Korean government. Next, they examine the way in which these factors interacted with each other to reshape the evolutionary path of the Korean political economy. Using several case studies, the authors take us through the stages of this transformation, from the reform of the chaebols to the industrial restructuring of the auto, IT, and aerospace industries to the rise of South Korea’s Free Trade Agreements (FTA) initiative. In explaining the role that the dual dynamics of change and continuity play in modern Korean political economy, this book makes an important contribution to the existing literature and will be of interest to scholars and policy-makers concerned with development in Korea and the Asia-Pacific.​




A Contemporary Portrait of Life in Korea


Book Description

This book delves into the values, attitudes, and behaviours of Koreans over the course of the past twenty years. Compiled by leading Korean scholars, the book uses the Korean General Social Survey (KGSS), the most comprehensive source of information detailing recent continuity and change in Korea, and addresses a diverse, wide-range of topics such as nationalism, familyism, social inequality, politics, religion, welfare, trust, attitudes towards North Korea, and attitudes towards sex. These issues, in continuously shaping and influencing the lives of Koreans, deserve further examination so as to fully grasp a deeper understanding of Korean contemporary culture. Each chapter covers an overview of background information about the chapter subject and then compares Korean attitudes to those of other countries, drawing on cross-national data derived from sources such as the International Social Survey Programme (ISSP) and the East Asian Social Survey (EASS). It collates this data and then unpacks it to demonstrate trends and how they are impacted by stability or change. Despite the rapid economic development and democratization in Korea, it remains difficult to pinpoint common denominators regarding recent social trends in Korea, and there are surprisingly few books that present a current, nuanced, and empirically substantiated scholarly depiction of Koreans and their social issues. This book fills this gap in serving as an indispensable reference for students and scholars interested in the diverse issues in Korean society.




The Korean Developmental State


Book Description

This book analyzes, from a historical comparative perspective, the Korean economic development model, the extent to which it has changed from its classical model, and what constitutes its changes and continuity. Unlike studies claims the dissolution of Korean developmentalism, the book holds that the Korean state maintains its characteristics of state-led capitalism despite significant changes in policies and instruments rather than converge toward an AngloSaxon-style free market system. It emphasizes that the continuity of state-led capitalism is compatible with institutional change. Some institutionalists insist that the continuity of Korean developmentalism is based on path dependency. In contrast, this book argues that Korean capitalism could sustain its state developmentalism by changes in policies and instruments to improve national industrial competitiveness in the changed context of international competition. This book will be of interest to East Asian scholars, comparative economists, and those curious about the future of the Korean peninsula.







Re-Inventing Africa's Development


Book Description

This open access book analyses the development problems of sub-Sahara Africa (SSA) from the eyes of a Korean diplomat with knowledge of the economic growth Korea has experienced in recent decades. The author argues that Africa's development challenges are not due to a lack of resources but a lack of management, presenting an alternative to the traditional view that Africa's problems are caused by a lack of leadership. In exploring an approach based on mind-set and nation-building, rather than unity – which tends to promote individual or party interests rather than the broader country or national interests – the author suggests new solutions for SSA's economic growth, inspired by Korea's successful economic growth model much of which is focused on industrialisation. This book will be of interest to researchers, policymakers, NGOs and governmental bodies in economics, development and politics studying Africa's economic development, and Korea's economic growth model.







Democracy and Authority in Korea


Book Description

This controversial new study, breaks with the tradition of basing political studies on analyses of institutions and political personalities, by likening the Republic of Korea to a laboratory for the clash of political cultures. In the late 1940s, the Americans embarked upon a democratization programme designed to create a Western bulwark against the spread of communism in East Asia. The intervening years have seen the advent and demise of military rule, with South Korea now having a democratically-elected government. Although the US strategy thus seems successful, the political crises of 1995 in fact indicate that many obstacles remain here to the adoption of Western-style democracy. This study argues that socialization in general and political socialization in particular are key factors in any analysis of democracy, be it in Korea or elsewhere. Accordingly, the work draws on moral education textbooks, together with surveys and interviews among members of the urban intellectual elite. In this manner, the psychological roots of power and authority - key concepts to an understanding of 'good government' - are explored.




Re-Inventing Han


Book Description

Industrialization has challenged every aspect of Korean life. Behind its emergence as a leading world economy is a society in a constant state of flux. This study examines the dynamic and complex society, change and continuity in Korean life, and the institutions challenged by global modernization.




Korea Journal


Book Description