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The Prospect for Economic Democracy in South Korea

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  • John Lie

    (University of Oregon)

Abstract

This paper assesses South Korean development from the vantage point of economic democracy. By embarking on export-oriented industrialization policy in the 1960s, the Korean state fostered capital concentration and repressed labor demands. After two decades of economic authoritarianism, political democratization in the late 1980s offers a brighter prospect for the democratization of the economy. Nonetheless, the prospect remains imperiled by the consequences of past policy.

Suggested Citation

  • John Lie, 1991. "The Prospect for Economic Democracy in South Korea," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 12(4), pages 501-513, November.
    • Handle: RePEc:sae:ecoind:v:12:y:1991:i:4:p:501-513
    DOI: 10.1177/0143831X91124005
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