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Distributive justice in Korean politics after the IMF Bailout

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  • Dong-Jin Jang

Abstract

The Korean reform policy in the aftermath of the 1997 economic crisis has been confronted with the problem of distributive justice. In relation to distributive justice in the reform process, this paper addresses the communitarian-liberal solution of 'more burden on the better-off, less burden on the worse-off,' which accords with the 'difference principle' of Rawls. This solution may be reasonably supported by all sectors of society for two reasons. One reason lies in the fact that the current social stratification in Korea has been largely affected by the economic policies of the past developmental state rather than individual choices, and that each individual sector, especially the advantaged group, has a weak legitimate claim over its social position. Thus, it seems fair to share the social burden in the extensive reform process according to the principle of capability. The other reason is based on the principle of minimizing social cost accruing from social economic conflict Indeed, this solution reflects a blend of liberal values and the good of the community.

Suggested Citation

  • Dong-Jin Jang, 2002. "Distributive justice in Korean politics after the IMF Bailout," Global Economic Review, Taylor & Francis Journals, vol. 31(4), pages 57-73.
  • Handle: RePEc:taf:glecrv:v:31:y:2002:i:4:p:57-73
    DOI: 10.1080/12265080208422906
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