Cover -- Restructuring Korea Inc. -- Copyright -- Contents -- Figures -- Tables -- Acknowledgements -- 1 Restructuring Korea Inc.: The 1997 financial crisis and structural reform -- Structure of the book -- 2 The Korean model in historical perspective -- 2.1 Gerschenkron's 'patterns of industrialisation' and the Korean model -- 2.2 East Asian catching-up models -- 2.3 The role of the state -- 2.4 The role of the chaebols -- 2.5 Concluding remarks -- 3 The 1997 financial crisis and its aftermath -- 3.1 Evolution of the crisis -- 3.2 The alleged causes of the financial crisis -- 3.3 The aftermath of the crisis: the IMF programme and the Keynesian recovery -- 3.4 Explaining the Korean crisis: a 'transition failure' -- 3.5 Concluding remarks -- 4 Assessing the post-1997 corporate reform -- 4.1 Restructuring the chaebols -- 4.2 Attracting foreign investment -- 4.3 Nurturing venture businesses -- 4.4 Transition costs in 'restructuring Korea Inc.' -- 4.5 Concluding remarks -- 5 Conclusion: What future for Korea? -- 5.1 Future implications of the post-1997 reform -- 5.2 The need for a 'second-stage catching-up system' for the Korean economy -- 5.3 Some final thoughts -- Notes -- References -- Index.

The 1997 South Korean financial crisis not only shook the country itself but also sent shock waves through the financial world at large. This impressive book critically assesses the conventional wisdom surrounding the Korean crisis and the performance of the IMF-sponsored reform programme. Looking first at the strengths and weaknesses of 'Korea Inc.' in comparison with other East Asian countries, the authors describe the challenges faced by Korea in the 1990s due to the acceleration of globalization. By arguing that the transition attempted by Korea was badly conceived and ill designed, Restructuring 'Korea Inc.' focuses on corporate reform after the crisis that has led to the running up of huge 'transition costs'. This snappy, informative and readable book has a broad historical overview and with its suggestions for structural change for Korea. This book is an important contribution not only to Asian studies, but also to the study of financial crises and the political economy of economic reform.

Description based on publisher supplied metadata and other sources.

Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.