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Policy Reform in Japan and South Korea (1997-2002)

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  • Wangsik Kim

Abstract

This paper argues that institutional ties among executives, bureaucracy and business became formidable constraints and political challenges for the government executives to reform problem-ridden economies in Japan and Korea from 1997 to 2002. Based on historical institutionalism and the model of altered states, this article identifies three crucial factors: first, international or domestic events that provide government executives with opportunities for potential transformation; second, government executives that utilize these opportunities for transformation; third, institutional context that allows or limits them to initiate and implement structural reforms. Building on this framework, it is argued that the degree of structural reform in a country depends on government executives positions in an institutional context, which shapes preferences and goals of the political executives in the decision-making process and constrains the capacity for specific policy outputs.

Suggested Citation

  • Wangsik Kim, 2004. "Policy Reform in Japan and South Korea (1997-2002)," International Review of Public Administration, Taylor & Francis Journals, vol. 9(2), pages 39-53, January.
    • Handle: RePEc:taf:rrpaxx:v:9:y:2004:i:2:p:39-53
    DOI: 10.1080/12294659.2005.10805048
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    References listed on IDEAS

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    1. John Williamson, 1994. "The Political Economy of Policy Reform," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 68, October.
    2. Steven Radelet & Jeffrey D. Sachs, 1998. "The East Asian Financial Crisis: Diagnosis, Remedies, Prospects," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(1), pages 1-90.
    3. Stephan Haggard, 2000. "Political Economy of the Asian Financial Crisis, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 107, October.
    4. Robert C. Hsu, 1999. "The MIT Encyclopedia of the Japanese Economy, 2nd Edition," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262082802, December.
    5. Steven Radelet & Jeffrey Sachs, 1998. "The Onset of the East Asian Financial Crisis," NBER Working Papers 6680, National Bureau of Economic Research, Inc.
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