The Korean Economic System: Governments, Big Business and Financial InstitutionsFocusing on the formation of the Korean economic system, this book presents a fascinating and comprehensive analysis of economic development outside of the traditional neo-classical, developmental-state and dependency perspectives. It examines in detail the evolution of institutions that contributed to economic growth and the formation and the workings of the economic system. With an emphasis on the interaction between government, private institutions (Chaebol and financial institutions) and the influence of Japan, it offers one of the most stimulating and distinctive views of Korean economic development to date. It will be of key interest to scholars and researchers of financial growth and development, Asian finance, and regional and heterodox economics. |
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advanced countries affiliated firms allocation of resources Amsden argued capital accumulation Castley cent changing chemical industries commercial banks companies competitive core curb market dependency dependency theory developing countries developmental developmental-state view direct investment domestic economic growth economic policies electronics industry exchange rate export-led industrialisation exports external factors favourable financial institutions financial market financial sector foreign capital foreign direct investment government and chaebol government intervention Hattori heavy and chemical import substitution incentives increased industrial policy industrial structure industrialisation influence interest rates internal and external Japanese economy keiretsu Kim Dae-Jung Korean economic development Korean economic system Korean economy Korean government labour labour-intensive liberalisation long-term manufacturing industry market failure neoclassical school Organisation Park period periphery policy loans production promoted relationship between government rent-seeking result role of government Samsung Sanyo Seoul South Korea strategy Table technology transfer trade underdevelopment various World Bank zaibatsu