A political-economic analysis of the failure of neo-liberal restructuring in post-crisis Korea

by: J Crotty, KK Lee

Cambridge Journal of Economics, Vol. 26, No. 5. (2002), pp. 667-678.

View FullText article

No URLs defined

Reviews [Write a review of this article]

There are no reviews of this article

Find related articles from these CiteULike users

j_hsieh, ilyajune (group), Foresight (group)

Find related articles with these CiteULike tags

bibtex-import

Abstract

This paper evaluates IMF-led neo-liberal restructuring in post-crisis Korea. The main conclusions are that: the economic rebound in 1999-2000 was both incomplete and unsustainable; restructuring created a ongoing credit crunch that continues to constrain investment spending; Korea may have been pushed onto a long-term low-investment, low-growth trajectory; insecurity and inequality have risen substantially; and the influence of foreign capital has dramatically increased. The paper concludes by suggesting that Koreans should reject radical neo-liberal restructuring and consider instead reforms to democratise and modernise their traditional state-guided growth model.

@article{Crotty:2002fk, abstract = {This paper evaluates IMF-led neo-liberal restructuring in post-crisis Korea. The main conclusions are that: the economic rebound in 1999-2000 was both incomplete and unsustainable; restructuring created a ongoing credit crunch that continues to constrain investment spending; Korea may have been pushed onto a long-term low-investment, low-growth trajectory; insecurity and inequality have risen substantially; and the influence of foreign capital has dramatically increased. The paper concludes by suggesting that Koreans should reject radical neo-liberal restructuring and consider instead reforms to democratise and modernise their traditional state-guided growth model.}, author = {Crotty, J. and Lee, K. K. }, citeulike-article-id = {1361811}, journal = {Cambridge Journal of Economics}, keywords = {bibtex-import}, number = {5}, pages = {667--678}, posted-at = {2007-06-04 08:55:33}, priority = {2}, title = {A political-economic analysis of the failure of neo-liberal restructuring in post-crisis Korea}, volume = {26}, year = {2002} }

RIS record

TY - JOUR ID - Crotty:2002fk L3 - citeulike-article-id:1361811 TI - A political-economic analysis of the failure of neo-liberal restructuring in post-crisis Korea JF - Cambridge Journal of Economics VL - 26 IS - 5 SP - 667 EP - 678 N2 - This paper evaluates IMF-led neo-liberal restructuring in post-crisis Korea. The main conclusions are that: the economic rebound in 1999-2000 was both incomplete and unsustainable; restructuring created a ongoing credit crunch that continues to constrain investment spending; Korea may have been pushed onto a long-term low-investment, low-growth trajectory; insecurity and inequality have risen substantially; and the influence of foreign capital has dramatically increased. The paper concludes by suggesting that Koreans should reject radical neo-liberal restructuring and consider instead reforms to democratise and modernise their traditional state-guided growth model. KW - bibtex-import AU - Crotty, J AU - Lee, KK PY - 2002/// ER -

RIS BibTeX