"Mo and Weingast study three critical turning points in South Korea's remarkable transformation and offer a new view of how Korea was able to maintain pro-development policies with sustained growth by resolving repeated crises in favor of rebalancing and greater political and economic...

Contrary to the widely-held view that the East Asian developmental state is neutral in terms of the relationship between capital and labour, this text argues that the developmental state exists to promote the interests of capital over labour

"Korea's twin transitions--agrarian to industrial and industrial to post-industrial--effectively transformed the country's political economy. Moving away from the traditional focus on aspects such as market, state and world systems, culture, and colonialism, the author argues that Korea's...