A Legitimate Paradox: Neo-liberal Reform and the Return of the State in Korea
This article examines the neo-liberal reforms that the Kim government implemented in post-crisis Korea. It argues that by embracing the reforms, the state, paradoxically, re-legitimised itself in the national political economy. The process of enacting the reforms completed the power shift from a col...
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| Veröffentlicht in: | The Journal of development studies 2005-02, Vol.41 (2), p.242-260 |
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| creator | Hundt, David |
| description | This article examines the neo-liberal reforms that the Kim government implemented in post-crisis Korea. It argues that by embracing the reforms, the state, paradoxically, re-legitimised itself in the national political economy. The process of enacting the reforms completed the power shift from a collusive state-chaebol alliance towards a new alliance based on a more populist social contract - but one that nonetheless generally conformed to the tenets of neo-liberalism. Kim and his closest associates identified the malpractices of the chaebols as the main cause of the crisis, so reforming the chaebols would be the key to economic recovery. Combining populism and neo-liberalism, they drew on support from both domestic and international sources to rein in, rather than nurture, the chaebols. |
| doi_str_mv | 10.1080/0022038042000309232 |
| format | Article |
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| ispartof | The Journal of development studies, 2005-02, Vol.41 (2), p.242-260 |
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| language | eng |
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| source | RePEc; Worldwide Political Science Abstracts; Sociological Abstracts; EBSCOhost Business Source Complete |
| subjects | Development studies East Asia Economic Crises Economic crisis Economic Development Economic policy Economic reform Korea Liberalism Neoliberalism Policy Implementation Political economy Reform Regional studies South Korea State State Power State Role World economy |
| title | A Legitimate Paradox: Neo-liberal Reform and the Return of the State in Korea |
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