After the developmental state in South Korea

Abstract

Compared to the previous model, the post-developmental state in Korea is characterized by the virtually free movement of capital, as evident in IMF and FTA, while state's role in the economy has been decreased. The present research, however, recognizes coordination failures in both state and market, which means that reforming social structures capable of supporting the synergy of growth and equity requires a fundamental rethinking of development. The quantitative and qualitative analysis shows that the state variables are combined with the multifaceted role of the state and that the Korean experience blends the tensions between the national goals of broadening participation and debunking existing authorities. The pitfalls of development can promote pluralism rather than incorporation, and the post-developmental state needs to confront itself as a source of pressure for conformity to the developmental approach. © 2007 by The Institute of Korean Studies.