You‐il Lee
- Published in print:
- 2012
- Published Online:
- September 2012
- ISBN:
- 9780199646210
- eISBN:
- 9780191741630
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199646210.003.0007
- Subject:
- Economics and Finance, South and East Asia
To what extent South Korea adopted neoliberal reforms and thus conformed to the pressures of globalization is explored in this chapter. After the Asian financial crisis of 1997, South Korea was ...
More
To what extent South Korea adopted neoliberal reforms and thus conformed to the pressures of globalization is explored in this chapter. After the Asian financial crisis of 1997, South Korea was compelled to adopt IMF-style liberalization policies and, by implication, to abandon economic nationalism. However, this chapter argues otherwise. The evolution of Korea’s economic trajectory since World War II shows that no real shift has taken place in Korea’s economic nationalist trajectory despite the adoption of Segyehwa (iglobalization policies) in the early 1990s incorporated under outward foreign direct investments by Korean business followed by inward foreign investment. Despite deep international economic integration, the capacity of the Korean state has not diminished nor has the traditional nationalist development trajectory reversed. The Korean state remains developmental, neo-mercantilist, and economically nationalist.Less
To what extent South Korea adopted neoliberal reforms and thus conformed to the pressures of globalization is explored in this chapter. After the Asian financial crisis of 1997, South Korea was compelled to adopt IMF-style liberalization policies and, by implication, to abandon economic nationalism. However, this chapter argues otherwise. The evolution of Korea’s economic trajectory since World War II shows that no real shift has taken place in Korea’s economic nationalist trajectory despite the adoption of Segyehwa (iglobalization policies) in the early 1990s incorporated under outward foreign direct investments by Korean business followed by inward foreign investment. Despite deep international economic integration, the capacity of the Korean state has not diminished nor has the traditional nationalist development trajectory reversed. The Korean state remains developmental, neo-mercantilist, and economically nationalist.
David B. Audretsch and Erik E. Lehmann
- Published in print:
- 2016
- Published Online:
- November 2015
- ISBN:
- 9780190258696
- eISBN:
- 9780190258726
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780190258696.003.0006
- Subject:
- Economics and Finance, International
This secret of Germany is that, contrary to the conventional wisdom and stereotype, the country is remarkably flexible. It may not be flexible at any one particular moment in time, or from a static ...
More
This secret of Germany is that, contrary to the conventional wisdom and stereotype, the country is remarkably flexible. It may not be flexible at any one particular moment in time, or from a static perspective, but when viewed from a dynamic perspective, Germany displays considerable flexibility in its ability to modify, alter, and redirect institutions, demands, and orientation to appropriate address challenges. This flexibility has been characterized as laptops and lederhosen, or the capacity to maintain traditional values but also adapt the latest state-of-the art technology, thinking, and orientation. The new diversity in Germany has injected a tolerance and openness that not only serves as a beacon attracting high human capital and the creative class, but also is a catalyst for inward foreign direct investment.Less
This secret of Germany is that, contrary to the conventional wisdom and stereotype, the country is remarkably flexible. It may not be flexible at any one particular moment in time, or from a static perspective, but when viewed from a dynamic perspective, Germany displays considerable flexibility in its ability to modify, alter, and redirect institutions, demands, and orientation to appropriate address challenges. This flexibility has been characterized as laptops and lederhosen, or the capacity to maintain traditional values but also adapt the latest state-of-the art technology, thinking, and orientation. The new diversity in Germany has injected a tolerance and openness that not only serves as a beacon attracting high human capital and the creative class, but also is a catalyst for inward foreign direct investment.