The political origins of South Korea's economic crisis: Is democratization to blame?

Kim, Sunhyuk

doi:10.1080/13510340008403685

Cited by 16 publications

(2 citation statements)

References 9 publications

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“…The Korean economic crisis, which lowered its GNP per capita by one-third, from $10,000 to $6,600 in a single year, was to a large extent a home-grown crisis (Chang 1999, Chang et al 1998, Haggard et al 1999, S.H. Kim 2000, S. Kim 2000, Lee 1998, Mo and Moon 1999a, 1999b, Moon 1999, I. Shin 2000.…”

Section: A Brief Account Of the Role Of The Imf In Restructuring mentioning

confidence: 99%

Popular Reaction to the Intervention by the IMF in the Korean Economic Crisis

Hayo

Shin

2002

The Journal of Policy Reform

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may

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Section: A Brief Account Of the Role Of The Imf In Restructuring mentioning

confidence: 99%

Popular Reaction to the Intervention by the IMF in the Korean Economic Crisis

Hayo

Shin

2002

The Journal of Policy Reform

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“…Did the disappointing economic performance of the new regime alter the way in which these fervent democrats, who had toppled the resilient military dictatorship, saw democracy? Was "democratization to blame" for the crisis (Kim 2000a) in the eyes of Koreans at that time? The political economy literature has given surprisingly little attention to these questions while continuously revisiting the causes and economic consequences of the crisis (Lai 2012;Woo 2007;Chopra et al 2001;Haggard and Mo 2000).…”

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confidence: 99%

Are the Poor the Weak Link? Democratic Support and Income Levels in Post-Crisis South Korea

Son¹

2016

J East Asian Stud

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Extant literature on democratization documents that ordinary citizens’ unconditional support for democracy is indispensable to democratic consolidation. Yet observers of nascent democracies have repeatedly witnessed that such support often hinges upon their economic conditions. This article argues that income levels have a conditioning effect on this relationship; the Korean poor see democracy as a tool for income redistribution and are less likely than the rich to support it when economic hardships appear to close windows of opportunities for such redistribution. Using survey data from the first round of the Asian Barometer Survey on South Korea, I find strong empirical support for this argument. The implication of this finding for broader literature on democratization is that the weakening of young democracies can be attributed to the poor in times of trouble, or the “weak link.”

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Korea's Democratization

Kim¹

2003

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The Republic of Korea is regarded as a shining example of democracy in East Asia. Despite this significant achievement, Korea's democracy in practice has been plagued by political gridlock, severe factional infighting, a lack of social capital and cooperation between civil society and political institutions, and leadership behavior that calls to mind its authoritarian past. Although the country is now a secure electoral democracy, its journey toward democratic consolidation is far from complete. In this volume, some of the best scholars on Korean politics explore and assess the complex interplay of the facilitating and inhibiting factors that have influenced and reshaped Korea's democratic consolidation process at all levels of state and society, as well as the prospects for consolidation in the coming years.

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The political origins of South Korea's economic crisis: Is democratization to blame?

Cited by 16 publications

References 9 publications

Popular Reaction to the Intervention by the IMF in the Korean Economic Crisis

Popular Reaction to the Intervention by the IMF in the Korean Economic Crisis

Are the Poor the Weak Link? Democratic Support and Income Levels in Post-Crisis South Korea

Korea's Democratization

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