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Developmental state in Korea (60-70ties) revisited: Institution-building for the making of 'coordinated market'

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  • Park, Sung-Jo

Abstract

The paper attempts to decribe and analyze institutiononal and strategic variables for the success of developmental state under the Park Regime in the 60-70ties in Korea. Particular accent was placed on economic planning and its implementation supported by rationality-centered bureaucrats and foreign capital inducement. Mention was made about the exportled development strategy combined with the unbalanced growth model which resulted in severe regional development gap. A noteworty strategy by the Park regime was to bring up Chaebols as development actors which contributed to a successful model of technology-intensive heavy and chemical industries.

Suggested Citation

  • Park, Sung-Jo, 2013. "Developmental state in Korea (60-70ties) revisited: Institution-building for the making of 'coordinated market'," Discourses in Social Market Economy 2013-02, OrdnungsPolitisches Portal (OPO).
    • Handle: RePEc:zbw:opodis:201302
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    References listed on IDEAS

    as
    1. Kolev, Stefan, 2010. "Der bulgarische Weg seit 1989: Wachstum ohne Ordnung?," Discourses in Social Market Economy 2010-12, OrdnungsPolitisches Portal (OPO).
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    More about this item

    Keywords

    developmental state; planning; import substitution; chaebols; unbalanced growth;
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