The political economy of financial liberalization in South Korea: State, big business, and foreign investors

Thomas Kalinowski, Hyekyung Cho

Research output: Contribution to journalArticlepeer-review

35 Scopus citations

Abstract

This paper studies the political economy of financial liberalization in Korea. We highlight the primary importance of state intervention in promoting financial liberalization. We shed light on "power games" of state, big business, and foreign investors emerging in state-led financial liberalization, and their impact on the Korean economy.

Original languageEnglish
Pages (from-to)221-242
Number of pages22
JournalAsian Survey
Volume49
Issue number2
DOIs
StatePublished - 2009

Keywords

  • Financial crisis
  • Financial liberalization
  • IMF
  • South Korea

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