The Korean developmental state / Kyung Mi Kim.
Kim, Kyung-Mi, author.
2020
HC467.756 .K56 2020
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Title The Korean developmental state / Kyung Mi Kim.
Author Kim, Kyung-Mi, author.
ISBN 9789811534652 (electronic book)
9811534659 (electronic book)
9789811534645
Published Singapore : Palgrave Macmillan, [2020]
Language English
Description 1 online resource (xviii, 254 pages)
Item Number 10.1007/978-981-15-3
Call Number HC467.756 .K56 2020
Dewey Decimal Classification 330.95195
Summary 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 Korean developmentalism, the book holds that the Korean state maintains its characteristics of state-led capitalism despite significant changes in policies and instruments rather than converge toward an AngloSaxon-style free market system. It emphasizes that the continuity of state-led capitalism is compatible with institutional change. Some institutionalists insist that the continuity of Korean developmentalism is based on path dependency. In contrast, this book argues that Korean capitalism could sustain its state developmentalism by changes in policies and instruments to improve national industrial competitiveness in the changed context of international competition. This book will be of interest to East Asian scholars, comparative economists, and those curious about the future of the Korean peninsula. Kyung Mi Kim earned a Ph.D. at Seoul National University, South Korea, in 2017, and now works as a research professor in the Philosophy, Politics, and Economics Program at the same institution. She co-authored a journal article titled, "The States Role in Globalization: Koreas Experience from a Comparative Perspective" published in Politics & Society in 2017.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Source of Description Description based on online resource; title from digital title page (viewed on May 22, 2020).
Available in Other Form The Korean Developmental State
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Intro
Preface
Acknowledgements
About the Book
Contents
About the Author
List of Figures
List of Tables
Chapter 1: Introduction
Research Methods and Data
References
Chapter 2: Current Debates and Theoretical Arguments
Section 1: Explaining Growth: Liberalism vs. Institutionalism
Liberalism and the Korean Political Economy
Institutionalism and the Korean Political Economy
Section 2: Explaining Change: Differentiation Within Developmental State Theory
Dissolution of Developmentalism
Continuity of Developmentalism

Section 3: Theoretical Alternative and Analytical Framework
Classification of the Types of Capitalism
Liberal Capitalism
Corporatist Capitalism
State-Led Capitalism
Differentiation Within State-Led Capitalism
Governance Method: Dirigisme vs. Enabling State
Developmental Strategies
Politics of Evolution
References
Chapter 3: Characteristics of Korean Economic Growth
Section 1: Economic Growth Based on Manufacturing Exports
Section 2: From Finished Product Industry to Components and Materials Industry

Section 3: From Input-Driven Economy to Innovation-Driven Economy
References
Chapter 4: The Traditional Korean Political Economic Model
Section 1: State-Business Relations
Establishment of State-Led Economic Development Strategy
Selective Industrial Policy
Capacity of Developmental States: Policy Instruments
Domestic Capital Mobilization
Raising Foreign Capital
Closed and Centralized Policy Decision-Making
Exclusiveness and Non-institutionalization of the Decision-Making Process
Role of the Economic Planning Board
Governance of Monetary and Financial Policy

Economic Nationalism
Section 2: Traditional Interfirm Relations in Korea
Characteristics of the Korean Components Procurement System
Large Firms' Strategies: Internalization and Import of Core Components
Limited Role of Component Companies
Limited Interfirm Cooperation
Relative Underdevelopment of the Components Industry
References
Chapter 5: Change and Continuity of the Korean Developmental Model
Section 1: State-Firm Relations
Changes in Industrial Policy Strategies and Means
Change in Growth Strategy: From Input-Driven to Innovation-Driven

Expansion of Policy Partners
Changes in Policy Governance: Authoritarian to Comprehensive/Democratic
Changes in Policy Instruments
Continuity of the Developmental State
State Coordination at the Macro Level
State Coordination at the Micro Level
Strategic and Selective Industrial Policy
Policy Instruments: Policy Finance, Tax Benefits
Section 2: Interfirm Relations
Continuity: Large Corporation-Centered Market Organization
Change: Interdependent Collaboration in Business Relations
Long-Term Transactions
Interfirm Collaboration
Interfirm Reliability

Growth of Components and Materials Companies

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