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 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.
Year of publication: |
2005
|
---|---|
Authors: | Hundt, David |
Published in: |
Journal of Development Studies. - Taylor & Francis Journals, ISSN 0022-0388. - Vol. 41.2005, 2, p. 242-260
|
Publisher: |
Taylor & Francis Journals |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Korea's developmental alliance : state, capital and the politics of rapid development
Hundt, David, (2009)
-
Middle powers and the building of regional order : Australia and South Korea compared
Hundt, David, (2012)
-
A legitimate paradox : neo-liberal reform and the return of the state in Korea
Hundt, David, (2005)
- More ...