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A legitimate paradox : neo-liberal reform and the return of the state in Korea

Hundt, David 2005, A legitimate paradox : neo-liberal reform and the return of the state in Korea, Journal of development studies, vol. 41, no. 2, pp. 242-260, doi: 10.1080/0022038042000309232.

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Title A legitimate paradox : neo-liberal reform and the return of the state in Korea
Author(s) Hundt, DavidORCID iD for Hundt, David orcid.org/0000-0003-2019-1927
Journal name Journal of development studies
Volume number 41
Issue number 2
Start page 242
End page 260
Publisher Routledge
Place of publication London, England
Publication date 2005-02
ISSN 0022-0388
1743-9140
Summary This article examines the neo-liberal reforms that the Kim government implemented in post-crisis Korea. It argues that by embracing the reforms, the state, paradoxically, re-legitimised itself in the national political economy. The process of enacting the reforms completed the power shift from a collusive state-chaebol alliance towards a new alliance based on a more populist social contract - but one that nonetheless generally conformed to the tenets of neo-liberalism. Kim and his closest associates identified the malpractices of the chaebols as the main cause of the crisis, so reforming the chaebols would be the key to economic recovery. Combining populism and neo-liberalism, they drew on support from both domestic and international sources to rein in, rather than nurture, the chaebols.
Language eng
DOI 10.1080/0022038042000309232
Field of Research 160607 International Relations
Socio Economic Objective 970116 Expanding Knowledge through Studies of Human Society
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2005, Taylor & Francis
Free to Read? Yes
Persistent URL http://hdl.handle.net/10536/DRO/DU:30004363

Document type: Journal Article
Collections: School of International and Political Studies
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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.