상세검색
최근 검색어 전체 삭제
다국어입력
즐겨찾기0
커버이미지 없음
학술저널

A Socio-Political condition for lndustrial Policy and Financial Repression in Korea

A Socio-Political condition for lndustrial Policy and Financial Repression in Korea

  • 52

Economic orthodoxy, which stresses primarily the efficiency of liberal financial regimes, tends to miss the complexity and potential of social control over financial systems. Similar credit policy and programmes can lead to quite different economic results in different socia-political contexts. This paper discusses how it was possible for the Korean working population to tolerate the expenses for those policies (as a main condition of valid industrial and credit policy) and, how the political justification in using public money to cure market failure failed (as a fundamental condition of recent seemingly systemic entanglement of policies). It is worth emphasizing that the socio-political background has not simply been given from the history but influenced and established by policy and economic development themselves.

1. Introduction 2. Institutional Setting of the Economic Miracle 3. Features of financial system and Politics of Financial Repression 4. Crisis Management and Institutional Changes after the 1997 Crisis 5. Concluding Remarks References Abstract

로딩중