This book analyzes the transformation of Korean political economy since the 1990s. In the wake of the Asian financial crisis of 1997, the political economy of South Korea has evolved around two diametrically opposed features: convergence into the Anglo-American model and the state-led strategic restructuring of industries. To unravel the peculiar nature of the political economy in Korea, the authors first identify major factors that contributed to the dual dynamics of change and continuity in Korea: external pressures, ideological shift in political leadership, and the pivotal role of the Korean government. Next, they examine the way in which these factors interacted with each other to reshape the evolutionary path of the Korean political economy. Using several case studies, the authors take us through the stages of this transformation, from the reform of the chaebols to the industrial restructuring of the auto, IT, and aerospace industries to the rise of South Korea’s Free Trade Agreements (FTA) initiative. In explaining the role that the dual dynamics of change and continuity play in modern Korean political economy, this book makes an important contribution to the existing literature and will be of interest to scholars and policy-makers concerned with development in Korea and the Asia-Pacific.​

In the years since the death of Kim Jong-il and the formal acknowledgement of Kim Jong-un as head of state, the North Korean regime has made a series of moves to further augment and consolidate the ideological foundations of Kimism and cement the young leader’s legitimacy. Historical narratives have played a critical, if often unnoticed, role in this process. This book seeks to chronicle these historical changes and continuities. Continuity and Change in North Korean Politics explores the stable and shifting political, cultural and economic landscapes of North Korea in the era of Kim Jong-un. The contributors deploy a variety of methodologies of analysis focused on the content, narratives and discourses of politics under Kim Jong-un, tracing its historical roots and contemporary practical and conceptual manifestations. Moving beyond most analyses of North Korea’s political and institutional ideologies, the book explores uncharted spaces of social and cultural relations, including children’s literature, fisheries, grassland reclamation, commemorative culture, and gender. By examining critical moments of change and continuity in the country’s past, it builds a holistic analysis of national politics as it is currently deployed and experienced. Demonstrating how historical, political and cultural narratives continue to be adapted to suit new and challenging circumstances, this book will be of interest to students and scholars of Korean Studies, Korean Politics and Asian Studies.

This book analyzes, from a historical comparative perspective, the Korean economic development model, the extent to which it has changed from its classical model, and what constitutes its changes and continuity. Unlike studies claims the dissolution of Korean developmentalism, the book holds that the Korean state maintains its characteristics of state-led capitalism despite significant changes in policies and instruments rather than converge toward an AngloSaxon-style free market system. It emphasizes that the continuity of state-led capitalism is compatible with institutional change. Some institutionalists insist that the continuity of Korean developmentalism is based on path dependency. In contrast, this book argues that Korean capitalism could sustain its state developmentalism by changes in policies and instruments to improve national industrial competitiveness in the changed context of international competition. This book will be of interest to East Asian scholars, comparative economists, and those curious about the future of the Korean peninsula.

Politics and Leadership in North Korea, now fully updated in this second edition, presents an accessible and comprehensive account of North Korea's political, economic and foreign policies since its creation in 1945. Moving away from media representations of North Korea as dangerously erratic and dysfunctional, Adrian Buzo provides a thorough analysis of Kim Il Sung’s vision for the DPRK and demonstrates the consistency of the successive leaderships’ approach to politics, economics and international affairs. This second edition has been fully revised and takes into account all the important events of the last fifteen years in North Korea, such as: • endemic food shortages; • the steady growth of military emphasis in both politics and ideology; • the acquisition and continued development of nuclear capabilities; • the implementation and eventual failure of South Korea’s ‘sunshine policy’; • the growth of private enterprise and a consumer economy. As such, it will continue to be an essential resource for students of North Korea, East Asian Politics and International Politics.

A review of the dilemmas, tensions and contradictions arising from democratic consolidation in South Korea. It explores the turbulent features of Korean democracy in its first decade, assesses the progress that has been made, and identifies the key obstacles to effective democratic governance.

Over the past three decades, South Korea has moved along a path of strong economic growth and political democratization, attracting worldwide attention and providing valuable lessons for other developing economies. Yet Korea still must grapple with many intractable problems fueled by its rapid industrialization and uneven growth, including unbalanced distribution of wealth, concentrated economic power, and adversarial relationships between management and labor. Within the context of these sweeping changes, this volume explores options for economic and social institutional reform in Korea. Drawing on models of economic development from Japan, the United States, and Europe, a distinguished group of Asian and Western scholars relates the experiences of previously industrialized economies to each facet of Koreas economic system, including national management; taxation and banking; land ownership and use; trade and industrial strategy; and relations among business ownership, management, and labor. In so doing, the contributors provide valuable insights and fresh proposals for a viable model of social and economic modernization. Throughout the volume, the contributors emphasize the importance of Koreas cultural heritage-not only in explaining the nations recent growth but also as a key element of its continued success. By providing an overview of the evolution and interaction of Korean economic, political, and sociocultural institutions, the contributors make clear how these structures mediate the movement between cultural values and economic progress.

Machine generated contents note: 1. Introduction; 2. Theoretical reinterpretation of the small welfare state in South Korea; 3. The emergence of the small welfare state under the authoritarian developmental state (1961-1987); 4. Democratization and limited welfare state development under the conservative rule (1987-1997); 5. Economic crisis, power shift, and welfare politics under the Kim Dae Jung government (1997-2002); 6. Economic Unionism and the limits of the Korean welfare state under the Roh Moo Hyun government (2003-2007); 7. Wind of welfare and tax politics under the returned conservative rule; 8. Conclusion

This fully updated fourth edition of The Making of Modern Korea provides a thorough, balanced, and engaging history of Korea from 1876 to the present day. The text is unique in analysing domestic developments in the two Koreas in the wider context of regional and international affairs. Key features of the book include: comprehensive coverage of modern Korean history since 1876 expanded coverage of social and cultural affairs up-to-date analysis of contemporary North Korea, including assessments of the Kim Jong Un administration and development of its nuclear weapons programme a detailed chronology and suggestions for further reading The Making of Modern Korea is a valuable one-volume resource for students of modern Korean history, international politics, and Asian Studies.

Korea's twin transitions – agrarian to industrial and industrial to post-industrial – transformed the country's political economy. Moving away from the traditional focus on aspects such as market, culture, and colonialism, the author argues that Korea's 'second state' was revitalized through the 'people's movement' and 'citizens movement'.

By tracing the evolution of South Korean state-led capitalism and comparing it with other economies, this book critiques prevalent theories including neoliberalism, the developmental state, and institutionalism, and proposes a theoretical alternative focusing on endogenous changes through elites' competition within and outside the state. Unlike the arguments of neoliberals, this volume asserts that the state can still play an active role in reconstituting the national economy through globalization. The Korean state successfully fosters economic growth by nurturing industrial commons through globalization, rather than by adopting a neoliberal free-market system. This volume exerts that the Korean economy has successfully grown over the past 50 years because it has moved toward a new version of state-led developmentalism. In order to better account for the evolution of state-led developmentalism, this book proposes changes by competition within, as well as outside, the state, in order to bring about changes in developmentalism and the ability to adjust to new contexts. Unlike prevalent accounts of developmental state theory, Changes by Competition argues that the state is neither unitary nor cohesive, but a locus of competition.