Developmental Mindset : The Revival of Financial Activism in South Korea /

The Asian financial crisis of 1997-1998 was supposed to be the death knell for the developmental state. The International Monetary Fund supplied emergency funds for shattered economies but demanded that states liberalize financial markets and withdraw from direct involvement in the economy. Financia...

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Detalles Bibliográficos
Autor principal: Thurbon, Elizabeth (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Ithaca : Cornell University Press, 2016.
Colección:Book collections on Project MUSE.
Temas:
Finance.
Economic policy.
Economic development > Finance.
POLITICAL SCIENCE > Political Economy.
BUSINESS & ECONOMICS > Finance.
Developpement economique > Coree du Sud > Finances.
Finances > Coree du Sud.
Economic development > Korea (South) > Finance.
Finance > Korea (South)
Korea (South)
Coree du Sud > Politique economique.
Korea (South) > Economic policy.
Electronic books.
Acceso en línea:Texto completo
Descripción
Sumario:The Asian financial crisis of 1997-1998 was supposed to be the death knell for the developmental state. The International Monetary Fund supplied emergency funds for shattered economies but demanded that states liberalize financial markets and withdraw from direct involvement in the economy. Financial liberalization was meant to spell the end of strategic industry policy and the state-directed 'policy lending' it involved. Yet, South Korea has since seen a striking revival of financial activism. Policy lending by state-owned development banks has returned the state to the core of the financial system. Korean development banks now account for one quarter of all loans and take the lead in providing low-cost finance to local manufacturing firms in strategic industries. This work argues that an ideational analysis can help explain this renewed financial activism.
Descripción Física:1 online resource (240 pages).
ISBN:9781501704178

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