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Developmental State vs. Globalization: South Korea's Developmental State in the aftermath of the Asian Financial Crisis of 1997-98

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Abstract

This paper examines whether the developmental state is ableto withstand the pressures of globalization. East Asia’s developmental statesgained wide recognition for their effective interventionist policies and seemedlike one of few organizations capable of standing up against globalization.However, the Asian financial crisis (1997-98) put this to a severe test as thedevelopmental state was under great pressure from international organizationsto restructure. We examine how South Korea’s developmental state respondedto the forces of globalization in the aftermath of the Asianfinancial crisisfocusing on a series of public sector reorganizations during the Kim Dae Jungadministration (1998-2003). In particular, the paper pays close attention tothe government offices that were at the heart of the developmental state andconcludes that it is hasty to announce the demise of the South Koreandevelopmental state.

참고문헌 (45)

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