Developmental state in Korea (60-70ties) revisited: Institution-building for the making of 'coordinated market'
AbstractThe paper attempts to decribe and analyze institutiononal and strategic variables for the success of developmental state under the Park Regime in the 60-70ties in Korea. Particular accent was placed on economic planning and its implementation supported by rationality-centered bureaucrats and foreign capital inducement. Mention was made about the exportled development strategy combined with the unbalanced growth model which resulted in severe regional development gap. A noteworty strategy by the Park regime was to bring up Chaebols as development actors which contributed to a successful model of technology-intensive heavy and chemical industries. --
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Bibliographic InfoPaper provided by OrdnungsPolitisches Portal (OPO) in its series Discourses in Social Market Economy with number 2013-02.
Date of creation: 2013
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Web page: http://ordnungspolitisches-portal.de/
developmental state; planning; import substitution; chaebols; unbalanced growth;
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- Kolev, Stefan, 2010. "Der bulgarische Weg seit 1989: Wachstum ohne Ordnung?," Discourses in Social Market Economy 2010-12, OrdnungsPolitisches Portal (OPO).
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