Title: Economic crisis in Korea and the degraded developmental state
Abstract: AbstractThis article analyses the Korean developmental state since the late 1990s, and argues that the state has continued to play a weighty role in the economy. The state guided industrial and financial restructuring after the Asian economic crisis, and intervened to stimulate the economy during the 2008 global financial crisis. In doing so, state elites have displayed a distinctive form of economic leadership that is largely consistent with the developmental state. Rather than focusing predominantly on performance-related indicators of state strength such as growth rates, this article analyses the deeper aspects of the developmental state, specifically its internal functions and its collaboration with business. The article brings politics back into analysis of the developmental state by questioning the assumption that strong economic performance is necessary for the maintenance of close ties between the state and chaebol. Instead, economic performance is better understood as a predictor of patterns of conflict and cooperation. Long-standing ties between the state and big business have endured two significant economic crises, even if the performance of the developmental state has been degraded compared to earlier decades.本文分析了1990年代末以来韩国的发展型政府,指出政府在经济中扮演了重要的角色。亚洲经济危机后政府指导了工业和金融的重组,并在2008年的全球金融危机中出手刺激经济。政府精英正像发展型政府那样,发挥了明确的经济领导者的作用。本文的重点不在与绩效相关的国家能力指标如增长率之类,而是分析了发展型政府的深层方面,特别是它的的内在功能及其与企业的合作。作者分析了发展型政府的政治含义,质疑了所谓强经济表现乃保持政府与财阀密切关系所必须的说法。作者认为,应把经济表现理解为冲突与合作模式的预报器。国家与大企业之间的长期纽带历经了两个 大的经济危机,尽管发展型政府的比之前的几十年已有所减弱。Keywords: chaeboldevelopmental stateneo-liberalismSouth Koreastate–business relationsstrategic intent
Publication Year: 2014
Publication Date: 2014-05-14
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 40
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