IDEAS home Printed from https://ideas.repec.org/a/oup/cambje/v22y1998i6p747-59.html
   My bibliography  Save this article

Fashioning a New Korean Model Out of the Crisis: The Rebuilding of Institutional Capabilities

Author

Listed:
  • Mathews, John A

Abstract

This article argues that the Korean model, while being remarkably effective in its early decades, had outgrown its institutional shell by the 1990s and was in need of the reforms that were hastened by the 1997 financial crisis. The article is based on an analysis of the International Monetary Fund (IMF) rescue package that was introduced in two stages in December 1997. It can be demonstrated that it represented three agendas at work--a conventional IMF agenda, a U.S. trade and investment opening agenda, as well as a Korean-imposed institutional reform agenda. It is this latter reform agenda that has shaped the restructuring initiatives taken in Korea in 1998. Copyright 1998 by Oxford University Press.

Suggested Citation

  • Mathews, John A, 1998. "Fashioning a New Korean Model Out of the Crisis: The Rebuilding of Institutional Capabilities," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(6), pages 747-759, November.
    • Handle: RePEc:oup:cambje:v:22:y:1998:i:6:p:747-59
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mah, Jai S., 2006. "Economic restructuring in post-crisis Korea," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(4), pages 682-690, August.
    2. Choi, Young Rok & Yoshikawa, Toru & Zahra, Shaker A. & Han, Bong H., 2014. "Market-oriented institutional change and R&D investments: Do business groups enhance advantage?," Journal of World Business, Elsevier, vol. 49(4), pages 466-475.
    3. Shimizu, Takashi & Park, Youngwon & Choi, SukBong, 2014. "Project managers and risk management: A comparative study between Japanese and Korean firms," International Journal of Production Economics, Elsevier, vol. 147(PB), pages 437-447.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:cambje:v:22:y:1998:i:6:p:747-59. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/cje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.