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- W3138212493 abstract "Abstract Due to many problems resulting from the heavy chemical industry (HCI) drive in the 1970s, including excessive input-oriented overinvestments, heavy-handed and highly detailed state control and imbalanced development, Korean capitalism in the 1980s underwent significant changes in the direction of liberalization, including open trade, privatization of banks, reduction of policy loans, and emphasis on private initiatives in the free market. Yet these liberalization measures do not mean an entire transformation of the developmental state to a neoliberal free market system. On the contrary, they initiated the transformation of the classical developmental state (DS) to a new version of state-led developmentalism. This chapter explores first to what extent Korea capitalism in the Chun Doo-hwan administration (1980–7) changed compared with the former DS. Second, we explore why Korea continued its state-led developmentalism by focusing mainly on bureaucratic contests inside the state." @default.
- W3138212493 created "2021-03-29" @default.
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- W3138212493 date "2021-02-11" @default.
- W3138212493 modified "2023-10-17" @default.
- W3138212493 title "Transition I" @default.
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- W3138212493 doi "https://doi.org/10.1093/oso/9780198866060.003.0005" @default.
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