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Korea’s Quest for Economic Democratization

Author : Youngmi Kim
Publisher : Springer
Page : 312 pages
File Size : 17,49 MB
Release : 2017-09-06
Category : Political Science
ISBN : 3319570668

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This book studies the sources of inequality in contemporary South Korea and the social and political contention this engenders. Korean society is becoming more polarized. Demands for ‘economic democratization’ and a fairer redistribution of wealth occupy centre-stage of political campaigns, debates and discourse. The contributions offer perspectives on this wide-ranging socio-political change by examining the transformation of organized labour, civil society, the emergence of new cleavages in society, and the growing ethnic diversity of Korea’s population. Bringing together a team of scholars on Korea’s transition and democratization, the story the books tells is one of a society acutely divided by the neo-liberal policies that accompanied and followed the Asian financial crisis. Taken together, the contributions argue that tackling inequalities are challenges that Korean policy-makers can no longer postpone. The solution, however, cannot be imposed, once again, from the top down, but needs to arise from a broader conversation including all segments of Korean society. The book is intended for a readership interested in South Korean politics specifically, and global experiences in transition more generally.

Korean Politics

Author : John Kie-chiang Oh
Publisher : Cornell University Press
Page : 276 pages
File Size : 41,77 MB
Release : 1999
Category : Business & Economics
ISBN : 9780801484582

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The 'trial of the century'

The Postdevelopmental State

Author : Jamie Doucette
Publisher : University of Michigan Press
Page : 234 pages
File Size : 39,84 MB
Release : 2024-09-16
Category : Political Science
ISBN : 047290468X

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Over the last 25 years, South Korea has witnessed growing inequality due to the proliferation of non-standard employment, ballooning household debt, deepening export-dependency, and the growth of super-conglomerates such as Samsung and Hyundai. Combined with declining rates of economic growth and turbulent political events, these processes mark a departure from Korea’s past recognition as a high growth “developmental state.” The Postdevelopmental State radically reframes research into the South Korean economy by foregrounding the efforts of pro-democratic reformers and social movements in South Korea to create an alternative economic model—one that can address Korea’s legacy of authoritarian economic development during the Cold War and neoliberal restructuring since the Asian Financial Crisis of the late 1990s. Understanding these attempts offers insight into the types of economic reforms that have been enacted since the late 1990s as well as the continued legacy of dictatorship-era politics within the Korean political and legal system. By examining the dilemmas economic democracy has encountered over the past 25 years, from the IMF Crisis to the aftermath of the Candlelight Revolution, the book reveals the enormous and comprehensive challenges involved in addressing the legacy of authoritarian economic models and their neoliberal transformations.

Democratization and Democracy in South Korea, 1960–Present

Author : Hyug Baeg Im
Publisher : Springer Nature
Page : 330 pages
File Size : 45,34 MB
Release : 2020-08-14
Category : Political Science
ISBN : 9811537038

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This book analyses democratization and democracy in South Korea since 1960. The book starts with an analysis of the distinctive characteristics of bureaucratic authoritarianism and how democratic transition had been possible after inconclusive and protracted “tug of war” between authoritarian regime and democratic opposition. It then goes on to explore what the opportunities and constraints to the new democracy are to be a consolidated democracy, how new democracy had changed the industrial relations in the post-transition period, how premodern political culture such as Confucian patrimonialism and familism had obstructed democratic consolidation, and the improvement of quality of democracy. The author compares empirically, from the perspective of a comparative political scientist, political regime superiority of democracy over authoritarianism with regard to economic development. He concludes that “democratic incompetence” theory has been proven wrong and, in South Korea, democracy has performed better than authoritarian regimes in terms of economic growth with equity, employment, distribution of income, trade balance, and inflation. This book will benefit political scientists, development economists, labor economists, religious sociologists, military sociologists, and historians focusing on East Asian history.

Democracy and the Korean Economy

Author : Jongryn Mo
Publisher : Hoover Press
Page : 224 pages
File Size : 31,68 MB
Release : 2021-07-21
Category : Business & Economics
ISBN : 0817995536

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South Korea has been one of the great success stories of postwar economic development, rising from one of the poorest nations on earth in the 1960s to become the world's eleventh-largest economy by 1996. But Korea's model of economic development began to unravel in 1987. When the authoritarian rule that helped propel economic performance gave way to increasing public pressure for democracy, the Korean economy was confronted with fundamental transformations. With democracy came increasing consumption, labor activism, and rising wages. Yet many of the old policies of the export-oriented, pro-business authoritarian rule remained in place. The complex and multifaceted economic effects brought about by democratic change have defied analysis—until now. Democracy and the Korean Economy is an authoritative study of the new model of Korean political economy and the first book to analyze the economic impact of democratic change in South Korea. In addition to analyzing patterns of change in major policy areas, authors Jongryn Mo and Chung-in Moon closely examine specific industries—such as automobiles—and the family-controlled industrial conglomerates known as chaebols to analyze their market positions and political influence under both the authoritarian and democratic regimes. They show how conflicts in key policy areas have evolved, identify the political and economic factors that have been important to resolving those conflicts, and reveal the wide range of effects, both subtle and significant, of democratization on the Korean economy and on its economic policy.

Consolidating Democracy in South Korea

Author : Larry Jay Diamond
Publisher : Lynne Rienner Publishers
Page : 272 pages
File Size : 49,80 MB
Release : 2000
Category : Political Science
ISBN : 9781555878481

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A review of the dilemmas, tensions and contradictions arising from democratic consolidation in South Korea. It explores the turbulent features of Korean democracy in its first decade, assesses the progress that has been made, and identifies the key obstacles to effective democratic governance.

Transforming Korean Politics

Author : Young Whan Kihl
Publisher : M.E. Sharpe
Page : 428 pages
File Size : 36,98 MB
Release : 2005
Category : Business & Economics
ISBN : 9780765614278

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South Korea transformed itself from an authoritarian government into a new democracy with a capitalist economy. Covering developments through the 2003 elections, this book shows how the South Korean government and society have been shaped by the dynamics of these forces, and their interaction with the cultural norms of a post-Confucian society.

Nation Building in South Korea

Author : Gregg Brazinsky
Publisher : ReadHowYouWant.com
Page : 590 pages
File Size : 30,64 MB
Release : 2009-09-14
Category : Business & Economics
ISBN : 1458723178

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Brazinsky explains why South Korea was one of the few postcolonial nations that achieved rapid economic development and democratization by the end of the twentieth century. He contends that a distinctive combination of American initiatives and Korean agency enabled South Korea's stunning transformation. Expanding the framework of traditional diplomatic history, Brazinsky examines not only state-to-state relations, but also the social and cultural interactions between Americans and South Koreans. He shows how Koreans adapted, resisted, and transformed American influence and promoted socioeconomic change that suited their own aspirations. Ultimately, Brazinsky argues, Koreans' capacity to tailor American institutions and ideas to their own purposes was the most important factor in the making of a democratic South Korea.

Korean Political and Economic Development

Author : Jongryn Mo
Publisher : BRILL
Page : 246 pages
File Size : 43,60 MB
Release : 2020-10-26
Category : History
ISBN : 1684175372

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"How do poor nations become rich, industrialized, and democratic? And what role does democracy play in this transition? To address these questions, Jongryn Mo and Barry R. Weingast study South Korea’s remarkable transformation since 1960. The authors concentrate on three critical turning points: Park Chung Hee’s creation of the development state beginning in the early 1960s, democratization in 1987, and the genesis of and reaction to the 1997 economic crisis. At each turning point, Korea took a significant step toward creating an open access social order.The dynamics of this transition hinge on the inclusion of a wide array of citizens, rather than just a narrow elite, in economic and political activities and organizations. The political economy systems that followed each of the first two turning points lacked balance in the degree of political and economic openness and did not last. The Korean experience, therefore, suggests that a society lacking balance cannot sustain development. Korean Political and Economic Development offers a new view of how Korea was able to maintain a pro-development state with sustained growth by resolving repeated crises in favor of rebalancing and greater political and economic openness."