By Eun Mee Kim
This e-book debunks the rosy luck tale approximately South Korean monetary improvement via studying how the kingdom and companies shaped an alliance, whereas except hard work, on the way to reach fiscal improvement, and the way those 3 entities have been remodeled within the approach. the writer analyzes the ambiguity of South Korean improvement from 1960 to 1990—a interval in which the rustic skilled dramatic social, financial, and political alterations. by means of reexamining South Korea’s improvement throughout the collaboration and clash among the nation and the chaebol (big businesses), she illuminates the inherent boundaries and difficulties of the developmental nation.
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Extra resources for Big Business, Strong State: Collusion and Conflict in South Korean Development, 1960-1990
Support. The Structural and Historical Context of the State's Rise Several domestic and international political and economic factors help explain why the South Korean state became devel opmental and authoritarian. International factors important for South Korea's economic development include the geopolitical conditions, the state of the international market and foreign capital, and the Japanese model of economic development (Cumings 1987; Mardon 1990). The geopolitical conditions, in 39 I I I I The International Market and Foreign Capital: The favorable international economic conditions during the 1960s helped South Korea to sustain its developmental and authoritarian L, 40 Big Business, Strong State state.
Such a military-style disciplinary act in the early days state bureaucratic offices, which were created to develop and of the Park regime clearly established who was in control. ) Second, the civil society was not well developed. When the military government took control in 1961, few in society were organized enough to voice serious objections to the state or to actively challenge its power. The businesses were relatively young, most of them having been founded since the end of the Japanese colonial period.
In a recent survey I conducted in South Korea, 44 percent of upper-level managers who worked in chaebol firms responded The Chaebol (Business Conglomerate) 65 and family-managed business obsolete, include the following: the state's enactment of antitrust laws in order to curb price fixing and other violations of fair trade by business groups; losing competitiveness to professionally run businesses due to lack of professional managerial training in family-run busi nesses; and reluctance of family-run businesses to open them selves to potential stockholders for business expansion.
Big Business, Strong State: Collusion and Conflict in South Korean Development, 1960-1990 by Eun Mee Kim