The transformation of development strategy in Korea : a 'risk society' perspective

Hundt, David 2010, The transformation of development strategy in Korea : a 'risk society' perspective, Sungkyun journal of East Asian studies, vol. 10, no. 2, pp. 191-207.

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Title The transformation of development strategy in Korea : a 'risk society' perspective
Author(s) Hundt, DavidORCID iD for Hundt, David
Journal name Sungkyun journal of East Asian studies
Volume number 10
Issue number 2
Start page 191
End page 207
Total pages 17
Publisher Academy of East Asian Studies, Sungkyunkwan University
Place of publication Seoul, Republic of Korea
Publication date 2010-10-27
ISSN 1598-2661
Keyword(s) risk
risk society
developmental state
Korean society
Summary After undergoing rapid socio-economic and political transformation, the Republic of Korea has arrived at the stage of development which Beck refers to as a risk society. Korea has experienced both sides of the risks which accompany modernity: the wealth associated with an advanced economy and also the hazards which are by-products of industrial society. However the Korean case is distinctive, this article argues, due to the state’s role in calibrating and managing risk. Whereas prior to the financial crisis of 1997–98 state elites privileged big business and exposed workers to higher levels of risk, calculations of the costs and benefits of risk have changed since the financial crisis. A notable outcome has been the straining of traditionally close ties between the state and the chaebŏl.
Language eng
Field of Research 160603 Comparative Government and Politics
160606 Government and Politics of Asia and the Pacific
160505 Economic Development Policy
Socio Economic Objective 940203 Political Systems
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
HERDC collection year 2010
Copyright notice ©2010, Academy of East Asian Studies
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Created: Fri, 22 Oct 2010, 13:29:46 EST by David Hundt

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