The Institutional Rise Of The Chaebols Throughout South Korea’S Transitional Vulnerabilities

 The Institutional Rise of the Chaebols Throughout South Korea’s Transitional Vulnerabilities PDF ePub fb2 book

This book is a case study of South Korea’s contemporary political economic history through the lens of the balance between the state and big business. It examines the evolving relationship between the state and the chaebols, or domestic conglomerates, which is at the heart of the Korean trajectory of postwar industrialization and growth. The book proposes that the political transitions over the pa...

Paperback: 74 pages
Publisher: CreateSpace Independent Publishing Platform (December 2, 2014)
Language: English
ISBN-10: 9781505319194
ISBN-13: 978-1505319194
ASIN: 1505319196
Product Dimensions: 8.5 x 0.2 x 11 inches
Amazon Rank: 3020766
Format: PDF ePub fb2 djvu ebook

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, both authoritarian and democratic, were central markers for the shifting balance between the state and the chaebols. The 3rd and 4th Republics under Park Chung-hee marked the initiation of the state-chaebol partnership: monopolization of the market began during Chun Doo-hwan’s authoritarian transition; and the inauguration of South Korea’s liberal democracy allowed the chaebols to establish themselves as a durable national institution both prior to and after the 1997 IMF crisis. Thus, over time, the state-business balance tilted in favor of the chaebols and the formation of this business oligarchy created detrimental market conditions that corroded political, economic, and social institutions. The conclusion provides a summary of South Korea’s unique market institutional impacts and the lessons learned from the research.