South Koreans in the Debt Crisis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook South Koreans in the Debt Crisis write by Jesook Song. This book was released on 2009-08-18. South Koreans in the Debt Crisis available in PDF, EPUB and Kindle. South Koreans in the Debt Crisis is a detailed examination of the logic underlying the neoliberal welfare state that South Korea created in response to the devastating Asian Debt Crisis (1997–2001). Jesook Song argues that while the government proclaimed that it would guarantee all South Koreans a minimum standard of living, it prioritized assisting those citizens perceived as embodying the neoliberal ideals of employability, flexibility, and self-sufficiency. Song demonstrates that the government was not alone in drawing distinctions between the “deserving” and the “undeserving” poor. Progressive intellectuals, activists, and organizations also participated in the neoliberal reform project. Song traces the circulation of neoliberal concepts throughout South Korean society, among government officials, the media, intellectuals, NGO members, and educated underemployed people working in public works programs. She analyzes the embrace of partnerships between NGOs and the government, the frequent invocation of a pervasive decline in family values, the resurrection of conservative gender norms and practices, and the promotion of entrepreneurship as the key to survival. Drawing on her experience during the crisis as an employee in a public works program in Seoul, Song provides an ethnographic assessment of the efforts of the state and civilians to regulate social insecurity, instability, and inequality through assistance programs. She focuses specifically on efforts to help two populations deemed worthy of state subsidies: the “IMF homeless,” people temporarily homeless but considered employable, and the “new intellectuals,” young adults who had become professionally redundant during the crisis but had the high-tech skills necessary to lead a transformed post-crisis South Korea.
The Korean Financial Crisis of 1997—A Strategy of Financial Sector Reform
The Korean Financial Crisis of 1997—A Strategy of Financial Sector Reform - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Korean Financial Crisis of 1997—A Strategy of Financial Sector Reform write by Mr.Angel J. Ubide. This book was released on 1999-03-01. The Korean Financial Crisis of 1997—A Strategy of Financial Sector Reform available in PDF, EPUB and Kindle. After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.
Korea after the Crash
Korea after the Crash - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Korea after the Crash write by Brian Bridges. This book was released on 2012-10-12. Korea after the Crash available in PDF, EPUB and Kindle. Brian Bridges examines the impact on South Korea of the financial crisis of 1997. Covering events up to and including the recent parliamentary elections in South Korea, the book considers the socio-economic and political implications of the financial crisis. It is invaluable reading for students of modern Korea.
Financial Crisis and Transformation of Korean Business Groups
Financial Crisis and Transformation of Korean Business Groups - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financial Crisis and Transformation of Korean Business Groups write by Sea-Jin Chang. This book was released on 2003-04-28. Financial Crisis and Transformation of Korean Business Groups available in PDF, EPUB and Kindle. Sea-Jin Chang argues that the Korean financial crisis of 1997 was due to the inertia of both the business groups known as chaebols and the Korean government which prevented adaptation to changing external environments. Once the Korean government stopped central economic planning and pursued economic liberalization in the 1980s, the transition created a void under which neither the government nor markets could monitor chaebols' investment activities. The intricate web of cross-shareholding, debt guarantees, and vertical integration resulted in extensive cross-subsidization and kept chaebols from shedding unprofitable businesses. The government's continued interventions in banks' lending practices created 'moral hazards' for both chaebols and banks. This treatment demonstrates how the structure of chaebols later inhibited other adaptations and for all practical purposes became nearly dysfunctional. The book argues that restructuring of chaebols should focus on improving corporate governance systems. After such restructuring, the author predicts, chaebols will re-emerge as stronger, more focused global players.
The South Korean Financial Crisis, Debt-leveraged Development, Liberalization, and a Loss of Sovereignty
The South Korean Financial Crisis, Debt-leveraged Development, Liberalization, and a Loss of Sovereignty - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The South Korean Financial Crisis, Debt-leveraged Development, Liberalization, and a Loss of Sovereignty write by . This book was released on 2000. The South Korean Financial Crisis, Debt-leveraged Development, Liberalization, and a Loss of Sovereignty available in PDF, EPUB and Kindle.
