Interpreting the Korean Crisis: Financial Liberalisation, Industrial Policy and Corporate Governance

Ha-Joon Chang, Hong-Jae Park and Chul Gyue Yoo

Cambridge Journal of Economics, 1998, vol. 22, issue 6, 735-46

Abstract: This article examines the three most contentious issues regarding the origins of and the solutions to the current Korean crisis--namely, financial liberalization, industrial policy, and corporate governance. The authors argue that it was the dismantling of the traditional mechanisms of industrial policy and financial regulation, rather than the perpetuation of the traditional regime, that generated the crisis. They also point out that the allegedly pathological corporate governance system was neither a main cause of the crisis on its own nor something that needs radical restructuring in the Anglo-American direction before the country can resume its growth. Copyright 1998 by Oxford University Press.

Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (54)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:cambje:v:22:y:1998:i:6:p:735-46

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().