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After Dirigisme: Globalization, Democratization, and the Still Faulted State and its Social Discontent in Korea

Park, Hun Joo

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Abstract

The post-1997 Korean state in crisis and reform provides an excellent testing ground for the claim that the homogenizing forces of globalization and the international financial market are proving victorious over statist models of political economy. By examining the limits and capacities of the top-down, authoritarian state in its current form and its continuing social consequences, this paper provides an analytic account of the dysfunction of Korean developmental statism. This diseased dirigisme problematique, however, contrasts with an ‘opening-markets-solves-most-problems’ approach; an opening of markets, no matter how generally desirable, will not in itself solve problems of distorted development. Reconstruction of strong Korean statism is indispensable to Korea's long-term socio-economic health.

Issue Date
2002
Publisher
ROUTLEDGE JOURNALS
Keywords
Diseased Development; Faulted Statism; Korean Financial Crisis; State Reconstruction; Globalization; Democratization
Citation
PACIFIC REVIEW, v.15, no.1, pp.63 - 88, 2002
DOI
10.1080/09512740110110864
Journal Title
PACIFIC REVIEW
Start Page
63
End Page
88
ISSN
0951-2748
Language
English
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