South Korea s economic development has been characterized as a miracle due to its unprecedented speed and success. However, it has also been noted that a high level of distributive equity and poverty reduction were achieved in parallel with rapid growth. This paper argues that the first-order development goals of the state throughout the 1960s and 1970s were pursued in such a manner so as to be maximally inclusive of citizens in the developmental project. It is further argued that the country s industrial conglomerates played a dual function as engines of economic growth and instruments through which citizen wellbeing was enhanced. This paper reviews the mechanisms by which the Korean government influenced business, and discusses Korea s multifunctional industrialization and labor policies. Finally, the deinstitutionalization of the business sector s multifunctional role is detailed, and future challenges for Korea s modern welfare state are suggested.
I. Introduction
II. Government Power and the Quasi-Internal Organization
III. Distributive and Wellbeing-Oriented Functions of the Quasi-Internal Organization
IV. Discussion
V. Conclusion
References
(0)
(0)