The Korean Developmental State
This book analyzes, from a historical comparative perspective, the Korean economic development model, the extent to which it has changed from its classical model, and what constitutes its changes and continuity. Unlike studies claims the dissolution of K
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The Korean Developmental State
Kyung Mi Kim
The Korean Developmental State
Kyung Mi Kim Seoul National University Seoul, Korea (Republic of)
ISBN 978-981-15-3464-5 ISBN 978-981-15-3465-2 (eBook) https://doi.org/10.1007/978-981-15-3465-2 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Singapore Pte Ltd. 2020 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
Preface
The Asian developmental states have attracted the attention of scholars and policymakers for decades. Until the 1990s, the developmental state school gained ascendancy based on its rich empirical studies in how to understand rapid economic development in East Asian economies, including Japan, South Korea (hereafter Korea), and Taiwan. Many developing countries were recommended to, and actually tried to, replicate aspects of the East Asian developmental state model. However, since the Asian financial crisis of 1997, the relevancy of the developmental state for economic development has been seriously discredited. It is a widely held belief that in an era of globalization, such an interventionist state’s role is anachronistic at best and inimical to further development at worst. In actuality, Korea, as an ideal type of East Asian developmental state, suffered from a deep recession and experienced serious structural and strategic adjustments. In such circumstances, neoliberalism and the thesis of developmental state demise gained ascendancy. It is widely believed that the developmental state could not continue in Korea and it would emulate the Anglo-Saxon free-market model. This book focuses on the following questions
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