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Between Pro-Market and Anti-Market: The Cold War and the Formation of South Korea’s Economic System

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한국국방연구원 (Korea Institute for Defense Analyses)|2021.09|The Korean Journal of Defense Analysis|제33권 제3호|pp. 381-402|DOI 10.22883/kjda.2021.33.3.002

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키워드

South KoreaCold Wareconomic developmentmilitary procurementanti-market

초록

This study investigates the effects of the Cold War’s security environment on the formation of state–business relationships and the institutional development of South Korea’s economic system. By examining the government’s military spending policies and the purveyance of military supplies to its army during the Cold War, this study shows how excessive defense spending and the government’s military procurement policy affected the formation of an intermingled economic system in South Korea. An analysis of the interactions between the military and civilian economic actors in South Korea during the Cold War reveals the impact of overriding security concerns, high military spending, and no-bid contracts for military procurement on the country’s state–business relationships and economic structures, which were characterized by a mixture of anti-market and pro-market systems.

Abstract

This study investigates the effects of the Cold War’s security environment on the formation of state–business relationships and the institutional development of South Korea’s economic system. By examining the government’s military spending policies and the purveyance of military supplies to its army during the Cold War, this study shows how excessive defense spending and the government’s military procurement policy affected the formation of an intermingled economic system in South Korea. An analysis of the interactions between the military and civilian economic actors in South Korea during the Cold War reveals the impact of overriding security concerns, high military spending, and no-bid contracts for military procurement on the country’s state–business relationships and economic structures, which were characterized by a mixture of anti-market and pro-market systems.

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관련 논문AI추천

Cold War Structure and Culture in South Korea전재성한국사회과학협의회 · Korean Social Science Journal2017 · 제44권 제1호Formation of Corporate Governance in Korea: The Rise of Chaebols (1910-1980)권재현한국유통과학회 · Asian Journal of Business Environment2015 · 제5권 제4호Government’s Role in Korea’s Economic Development from a Perspective of the Institutions Hypothesis박상인서울대학교행정대학원 · Journal of Policy Studies2011 · 제26권 제3호Two Faces of Government-Business Relations During South Korea's Developmental Period조원혁, 제시캠벨한국비교정부학회 · 한국비교정부학보2014 · 제18권 제1호The Governance System of Industrial Policy in the Era of Growth in Korea from the Perspective of State-Society Relations배관표, 엄석진서울대학교행정대학원 · Journal of Policy Studies2014 · 제29권 제3호한국과 일본의 방위산업정책에 대한 비교연구김진기대한일어일문학회 · 일어일문학2015 · 제65호

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