 Beyond Neo-liberalism: Analyzing the ‘Post-Developmental State’ in South KoreaJitendra Uttam International Studies, 2019, vol. 56, issue 4, 236-254 Abstract: After painful reform and restructuring of post-1997 financial crisis, many scholars equated South Korea’s ‘post-developmental state’ with neo-liberal state. However, in doing so, they ignored South Korea’s lasting legacy of interventionist ‘developmental state’ that led nation’s miraculous transformation from a poor agrarian society to a prosperous industrial economy. This article stresses that South Korea indeed tried to adopt some of the policy prescriptions suggested by neo-liberal ideas but moving beyond the dictates of neo-liberalism it also strengthened state capacity to augment non-market mechanisms. The article argues that South Korea’s post-developmental state moved into two non-market spheres; First, by tilting towards becoming a ‘techno-scientific state’ and second, it attempted to reimaging South Korea by leaning to develop into a ‘Brand state’. Both non-market initiatives moved South Korea ‘beyond neo-liberalism’ and invoked its ‘statist developmental’ past guided by Keynesian economics. South Korea’s reach to incorporate market and non-market dictates has invited terms such as ‘liberal developmentalism’, a hybrid system where state used its enhanced capacity to improve the efficiency of market system. Keywords: South Korea; neo-liberalism; Keynesianism; post-developmental state; techno-scientific state; national branding (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sae:intstu:v:56:y:2019:i:4:p:236-254 Access Statistics for this article More articles in International Studies |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.