Chapter

State-market realignment in post-crises east asia

Alvin Y. So and Stephen Wing-kai Chiu

in Repositioning the Hong Kong Government

Published by Hong Kong University Press

Published in print March 2012 | ISBN: 9789888083497
Published online September 2012 | e-ISBN: 9789882209107 | DOI: http://dx.doi.org/10.5790/hongkong/9789888083497.003.0003
State-market realignment in post-crises east asia

Show Summary Details

Preview

Using theoretical framework expounded by Evans in Chapter 1, this chapter examines how a classic developmental state – South Korea – has, in the wake of the 1997-8 Asian financial crisis, transformed itself from an ailing crony state into a participatory democracy through simultaneously reinvigorating civil society, restoring markets, and strengthening the role of the state. These processes have further empowered the chaebols (large diversified family-owned conglomerates), while democratization has weakened the foundations of a developmental state based on authoritarianism and repression of civil society. This case study provides a helpful comparative model for Hong Kong.

Keywords: South Korea; Development; State; Asian Financial Crisis; Civil Society; Chaebols; Democratization; Hong Kong; Authoritarianism

Chapter.  5718 words. 

Subjects: Asian History

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Hong Kong University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.