Crony Capitalism by David C. Kang
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Crony Capitalism
By David C. Kang

Crony Capitalism

Corruption and Development in South Korea and the Philippines

By (author) See other recent books by David C. Kang
Series edited by Peter Lange See other recent books by Peter Lange See other recent books by Robert H. Bates
Format: Paperback

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Crony Capitalism by David C. Kang

Book Description

Why has the literature on Asian development not addressed the issue of money politics in Korea? How can we reconcile the view of an efficient developmental state in Korea before 1997 with reports of massive corruption and inefficiency in that same country in 1998 and 1999? Politics is central to the answer. In this book the author makes two arguments. First, both Korea and the Philippines experienced significant corruption throughout the post-independence era. Second, political - not economic - considerations dominated policy making in both countries. Focusing on the exchange of favors for bribes between state and business, the author argues that politics drove policy choices, that bureaucrats were not autonomous from political interference in setting policy, and that business and political elites wrestled with each other over who would reap the rents to be had. Even in Korea, corruption was far greater than the conventional wisdom allows.

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Book Details

ISBN: 9780521004084
ISBN-10: 052100408X
Format: Paperback
(228mm x 152mm x 13mm)
Pages: 224
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 24-Jan-2002
Country of Publication: United Kingdom

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Books By Author David C. Kang

Nuclear North Korea by David C. Kang Nuclear North Korea, Paperback (April 2005)

Aims to uncover the inherent logic of the politics of the Korean peninsula. The authors look at the implications of a nuclear North Korea for East Asia and US homeland security, assessing historical US policy, and provide a framework for constructive policy that should be followed by the United States, Japan, and South Korea.

Crony Capitalism by David C. Kang Crony Capitalism, Hardback (January 2002)

Why has literature on Asian development not addressed the issue of money politics in Korea?

» View all books by David C. Kang

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