Korean Economic System

Focusing on the formation of the Korean economic system, this book presents a fascinating and comprehensive analysis of economic development outside of the traditional neo-classical, developmental-state and dependency perspectives. It examines in detail the evolution of institutions that contributed to economic growth and the formation and the workings of the economic system. With an emphasis on the interaction between government, private institutions (Chaebol and financial institutions) and the influence of Japan, it offers one of the most stimulating and distinctive views of Korean economic development to date. It will be of key interest to scholars and researchers of financial growth and development, Asian finance, and regional and heterodox economics. Chapter 1 1The whole argument of this research draws on the PhD thesis of Jae-Seung Shim, but it has reviewed and updated afterwards. The first author is Jae-Seung Shim; Part 1 Part 1; Chapter 2 Existing Explanations for Korean Economic Development; Chapter 3 An Evolutionary Analysis of the Economic System; Chapter 4 The Korean Economic System; Part 2 Part 2; Chapter 5 The State and the Chaebol; Chapter 6 The State and Financial Institutions; Chapter 7 Japan’s Influence on the Formation of the Korean Economic System; Chapter 8 Conclusion;