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Democracy and the Korean Economyby Chung-in Moon
Synopses & Reviews
The Korean economy has been one of the success stories of the postwar economic development. One of the poorest countries in the 1960s, Korea rose to become, by 1996, the eleventh-largest economy in the world, with a per capita income of more than $10,000.
Essential features of the so-called Korean model of economic development are an export-led industrialization strategy, exclusion of labor, authoritarian rule, and a cultural emphasis on education and hard work. This Korean model, however, began to unravel in 1987 when one pillar, authoritarianism, started to crumble under popular pressure for democracy; the Korean economy has since undergone fundamental transformations.
This book describes and explains the effect democratic change has had on Korean economic policy and its economy. It explains how conflicts over economics have evolved in major policy areas and which economic factors have been important in resolving these conflicts. Democracy and the Korean Economy is
This book describes and explains the effect democratic change has had on Korean economic policy and its economy. It explains how conflicts over economics have evolved in major policy areas and which economic factors have been important in resolving these conflicts, with a close look at chaebols, their market positions and political influence.
This authoritative study of the new model of Korean political economy analyzes' the economic impact of democratic change in South Korea--with a close look at specific industries and chacbols and their market position and political influence.
About the Author
Jongryn Mo is a research fellow at the Hoover Institution. He is also a professor of international political economy at the Graduate School of International Studies, Yonsei University. Before taking that position at Yonsei, he was an assistant professor of government at the University of Texas at Austin. Mo holds a BA in economics from Cornell University, an MS in social sciences from the California Institute of Technology, and a PhD in business from Stanford University.
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