Distributive justice in Korean politics after the IMF Bailout

Dong-Jin Jang

Global Economic Review, 2002, vol. 31, issue 4, 57-73

Abstract: The Korean reform policy in the aftermath of the 1997 economic crisis has been confronted with the problem of distributive justice. In relation to distributive justice in the reform process, this paper addresses the communitarian-liberal solution of 'more burden on the better-off, less burden on the worse-off,' which accords with the 'difference principle' of Rawls. This solution may be reasonably supported by all sectors of society for two reasons. One reason lies in the fact that the current social stratification in Korea has been largely affected by the economic policies of the past developmental state rather than individual choices, and that each individual sector, especially the advantaged group, has a weak legitimate claim over its social position. Thus, it seems fair to share the social burden in the extensive reform process according to the principle of capability. The other reason is based on the principle of minimizing social cost accruing from social economic conflict Indeed, this solution reflects a blend of liberal values and the good of the community.

Keywords: distributive justice; Korean reform policy; IMF; principle of capability; difference principle; communitarian-liberal solution (search for similar items in EconPapers)
Date: 2002
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/12265080208422906 (text/html)
Access to full text is restricted to subscribers.

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:taf:glecrv:v:31:y:2002:i:4:p:57-73

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RGER20

DOI: 10.1080/12265080208422906

Access Statistics for this article

Global Economic Review is currently edited by Kap-Young Jeong and Taeyoon Sung

More articles in Global Economic Review from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().