analysing the extent to which there is institutional convergence, the article follows the approach of "Varieties of Capitalism …". This approach distinguishes two "ideal" types of capitalism: a liberal market economy and a coordinated market economy. In …

capitalism in East Asia in general and in South Korea in particular have changed during the differ-ent stages of the economic … biggest challenge to the democra-tised and export oriented East Asian developmental welfare capitalism is the urgency to find …