The Political Economy of Institutional Reform in Korea
In the aftermath of the economic crisis of 1997-98 South Korea has undertaken a number of major institutional reforms. What are these reforms? Why were they undertaken? What is the outcome of the reforms? In answering these questions this paper examines the influence that the ideas of political lead...
Saved in:
Published in | Journal of the Asia Pacific economy Vol. 10; no. 3; pp. 257 - 277 |
---|---|
Main Author | |
Format | Journal Article |
Language | English |
Published |
London
Taylor & Francis
2005
Routledge, Taylor & Francis Group |
Subjects | |
Online Access | Get full text |
Cover
Loading…
Summary: | In the aftermath of the economic crisis of 1997-98 South Korea has undertaken a number of major institutional reforms. What are these reforms? Why were they undertaken? What is the outcome of the reforms? In answering these questions this paper examines the influence that the ideas of political leaders on political economy had in setting forth the reform agenda and the role that various interest groups have played in implementing the reform. It argues that there was a shift in the developmental paradigm in the early 1980s, that the new paradigm guided reforms in Korea during the 1980s and 1990s but with initial conditions and interest politics influencing the implementation and actual outcome of reform, and that the post-crisis reform was a culmination of the reform process that began in the early 1980s. |
---|---|
Bibliography: | ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23 |
ISSN: | 1354-7860 1469-9648 |
DOI: | 10.1080/13547860500163639 |