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Neo-Liberalization and Incorporation in Advanced Newly Industrialized Countries

A View from South Korea

Bibliographic Data

ID6344757
AuthorsTat Yan Kong (0000-0001-9644-5036, University of London, corresponding author)
Year2004
Volume52
Issue1
Pages19-42
Publication date2004-03-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenuePolitical Studies (JOURNAL)
Journal identifiersISSN: 0032-3217 • E-ISSN: 1467-9248
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1111/j.1467-9248.2004.00462.x
OpenAlexW1976795629
LanguageEN
Citations received9
References cited19

Historically closely associated with interventionist growth strategies, the demise of corporatism was widely predicted as neo-liberalism became the dominant economic paradigm from the late 1970s. The experience of social dialogue and social pacts in continental Europe during the 1980s and 90s, however, suggests that corporatism may have found a new economic purpose in the era of neo-liberalism. Similarly, in the developing world, the intellectual aversion to government accommodation of ‘special interest groups’ that accompanied the early phase of economic liberalization has given way to a more sophisticated appreciation of the economic advantages of social compromise. Using the case of South Korea, a country that recently established a social pact in support of its economic liberalization drive, this paper seeks to extend our knowledge about the compatibility between neo-liberalism and incorporation. The results contribute to the wider debate about the possibilities of diverse patterns of government-business-labour relations under ‘actually existing’ neo-liberalism. As one of the most advanced and successful newly industrialized countries, South Korea shares structural-institutional affinities with both advanced and developing societies. Hence, it represents an intermediate case of relevance to both the mature European and ‘third wave’ democracies

Compromise · Corporatism · Demise · Developing country · Development economics · Economic growth · Economic liberalism · Economic liberalization · Economics · Liberalism · Liberalization · Market economy · Political economy · Political science · Politics · Social partners · Asian Industrial and Economic Development · Labor Movements and Unions · Law · Social Policy and Reform Studies

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Unique citing works9
Citations per year0,56
Citation span2010 - 2017 (8)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 9

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