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Paperback Developmental Mindset: The Revival of Financial Activism in South Korea Book

ISBN: 1501703102

ISBN13: 9781501703102

Developmental Mindset: The Revival of Financial Activism in South Korea

(Part of the Cornell Studies in Money Series)

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Format: Paperback

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Book Overview

The Asian financial crisis of 1997-1998 was supposed to be the death knell for the developmental state. The International Monetary Fund supplied emergency funds for shattered economies but demanded that states liberalize financial markets and withdraw from direct involvement in the economy. Financial liberalization was meant to spell the end of strategic industry policy and the state-directed "policy lending" it involved. Yet, largely unremarked...

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