Chaebol

2021 ◽  
Author(s):  
Sang-young Rhyu
Keyword(s):  
Political Economy ◽  
South Korea ◽  
Economic Crisis ◽  
Economic Reform ◽  
Social Trust ◽  
Structural Characteristics ◽  
Business Management ◽  
Developmental State ◽  
Global Market ◽  
Historical Origins

Chaebol is a very contentious word in Korea, both practically and theoretically. Chaebols serve as genes, deeply imprinted on the structural characteristics and historical origins of all sectors, including politics, society, and culture, as well as the economy and business management in South Korea. The assessment of Chaebols is largely expressed using one of three metaphors: angels, demons, or necessary evils in South Korea’s political economy. The democratization in 1987 and the 1997 Asian economic crisis served as dual pressures that triggered economic reform and resulted in extensive institutional change and Chaebol reform. Under the pressures of globalization and democratization, the country’s developmental state and Chaebols are all going through the process of reform and evolution. The sustainability and future of Chaebols will depend on how innovative they are in the global market and how much they can enhance social trust in South Korea.

scholarly journals The Adaptive Developmental State in East Asia

2004 ◽  
Vol 4 (3) ◽  
pp. 345-362 ◽  
Author(s):  
Joseph Wong
Keyword(s):  
Political Economy ◽  
South Korea ◽  
East Asian ◽  
Developmental State ◽  
Growth Trajectories ◽  
Asian Countries ◽  
Sharp Turn ◽  
Crony Capitalism ◽  
Policy Communities ◽  
Southeast Asian Countries

In 1997, several of Asia's economies collapsed and the international community was called in to help mend the ailing region. The crisis attracted a great deal of attention among both the scholarly and policy communities. At that time, it seemed that the Asian miracle had come to an abrupt end. Places such as South Korea enjoyed a prosperous run though suffered a dubious demise. Later developers in Southeast Asia and China, having just emerged from out of the starting gate, quickly stalled in their attempts to ride the wave of Asia's postwar economic dynamism. Fortunately, things would not remain dour for too long. Some countries, such as Taiwan and Japan, made it through the crisis relatively unscathed. Both China and South Korea quickly rebounded. Southeast Asian countries, such as Malaysia, Indonesia, and Thailand, adapted and have consequently begun new growth trajectories. In the end, it seemed that the most severe and lasting casualty of the 1997 crisis was the East Asian developmental state model itself. To be sure, the more recent literatures on East Asian political economy have taken a sharp turn, wherein terms like “booty capitalism” and “crony capitalism” have quickly come to replace more laudatory titles such as the “East Asian Miracle.”

The Political Economy of Heavy Industrialization: The Heavy and Chemical Industry (HCI) Push in South Korea in the 1970s

2005 ◽  
Vol 39 (2) ◽  
pp. 369-397 ◽  
Author(s):  
YUMI HORIKANE
Keyword(s):  
Political Economy ◽  
South Korea ◽  
Chemical Industry ◽  
East Asian ◽  
Developmental State ◽  
The Political

Korea under the Park regime (1961–1979) is known as a typical example of the East Asian developmental state. Many students of development, both economists and political scientists, have studied it, producing a substantial accumulation of knowledge. However, most writers have, in fact, focused on the policies and politics of the first half of the era. The second half was, politically, a notoriously authoritarian dictatorship, through which the regime strongly pushed its controversial heavy and chemical industrialization program. This program is frequently criticized for being based upon irrational industrial targeting that generated great inefficiency in the economy. The explanation for such irrational policy has been attributed to politics, or the authoritarian nature of the regime, which actually does not explain much.

Being Mother:Comparative Study of the Contested Motherhood between South Korea and Indonesia

2018 ◽  
Vol 1 (1) ◽  
pp. 22
Author(s):  
Desintha Asriani
Keyword(s):  
Political Economy ◽  
South Korea ◽  
Comparative Study ◽  
Cultural Issues ◽  
Family Routine ◽  
The Difference

This paper attempts to explain the discourse of motherhood in both South Korea and Indonesia. It is based on the interesting dynamic of being mother that is much influenced by the interrelated actions played by number of dominant actors around woman itself. By using a comparative study, it is found that the map or the trace of political economy in terms of developmental agenda, in fact drives the difference flows in shaping the notion of motherhood. In Indonesia, for being mother, women exist in the intersection of state intention, industrialization and culture pressure. Indonesian motherhood is interestingly in line with another analysis, such in their relation with housemaids. Meanwhile, in South Korea, the description of motherhood occurs in the middle of nationalism spirit, competition, ambience and family routine. Hence, this study concludes that being mother is highly contested and closely associated with the endless structural and cultural issues.

From Relative Autonomy to Consensual Development: The Case of South Korea

1995 ◽  
Vol 43 (4) ◽  
pp. 630-644 ◽  
Author(s):  
Tat Yan Kong
Keyword(s):  
South Korea ◽  
Developmental State ◽  
Economic Success ◽  
Relative Autonomy ◽  
Liberal Democratic ◽  
Democratic Polity ◽  
Societal Actors ◽  
Rapid Industrialization ◽  
Autonomous State ◽  
Economic Leadership

The success of the autonomous state in promoting rapid industrialization in South Korea from 1961 to 1987 is usually seen in terms of the state's capacity to coerce reluctant societal actors into productive economic pursuits. The economic sluggishness associated with some autonomous states suggests that any explanation of Korean economic success also needs to mention the factors that constrained bureaucratic abuse and the methods by which societal motivation behind the industrialization effort was maintained over three decades. Democratization has accentuated the capacity of societal actors to challenge the state's economic leadership but has not resulted in the emergence of an economic free for all. While similarities exist, Korea will experience greater difficulty in realizing the synthesis between developmental state and liberal-democratic polity (consensual development) that characterized postwar Japanese development.

scholarly journals Tourism Competitiveness and Sustainability Indicators in the Context of Surf Tourism: The Case of Cape Town

2021 ◽  
Vol 13 (13) ◽  
pp. 7238
Author(s):  
Roberto Martín-González ◽  
Kamilla Swart ◽  
Ana-María Luque-Gil
Keyword(s):  
Political Economy ◽  
Economic Development ◽  
Economic Crisis ◽  
Cape Town ◽  
Point Of View ◽  
Sport Tourism ◽  
Socio Economic Development ◽  
Multiple Issues ◽  
Sport Events ◽  
Active Sport

Sport tourism has experienced considerable growth in the last decades, either from the sport events perspective or considering an active sport tourism approach. Therefore, some emergent market niches like surf tourism have been developed in numerous coastal destinations to attract sustainability-sensitive tourists due to the ongoing environmental challenges and the socio-economic crisis. Cape Town is positioned in a prominent place in terms of competitiveness, with a considerable variety of beaches and surf spots facing multiple issues. The aim of this study is to try to identify the most competitive beaches and subdistricts in terms of sustainability and to suggest criteria for surf-tourism-related indicators to obtain an overview about this space, using weighting indicators, and applying geography and political economy lenses. The results reveal that Strand, Table View, and Surfers’ Corner are the most competitive beaches. Additionally, beaches located in some underprivileged areas such as Mitchells Plain and Khayelitsha are potentially interesting from a socio-economic development point of view, although they show a lack of accommodation infrastructures. These results seem to indicate that those areas should be closely monitored, and destination managers should focus their attention and finance there to obtain a more sustainable surf tourism development.

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