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Developmental state in Korea (60-70ties) revisited: Institution-building for the making of 'coordinated market'

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  • Park, Sung-Jo
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    Abstract

    The 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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    File URL: http://econstor.eu/bitstream/10419/75291/1/749914378.pdf
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    Bibliographic Info

    Paper provided by OrdnungsPolitisches Portal (OPO) in its series Discourses in Social Market Economy with number 2013-02.

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    Date of creation: 2013
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    Handle: RePEc:zbw:opodis:201302

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    Web page: http://ordnungspolitisches-portal.de/

    Related research

    Keywords: developmental state; planning; import substitution; chaebols; unbalanced growth;

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    1. 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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