Developmental Mindset : : The Revival of Financial Activism in South Korea / / Elizabeth Thurbon.
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. Financia...
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Place / Publishing House: | Ithaca, NY : : Cornell University Press, , [2016] ©2016 |
Year of Publication: | 2016 |
Language: | English |
Series: | Cornell Studies in Money
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Physical Description: | 1 online resource (240 p.) :; 3 line figures, 6 tables, 13 charts |
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Thurbon, Elizabeth, author. aut http://id.loc.gov/vocabulary/relators/aut Developmental Mindset : The Revival of Financial Activism in South Korea / Elizabeth Thurbon. Ithaca, NY : Cornell University Press, [2016] ©2016 1 online resource (240 p.) : 3 line figures, 6 tables, 13 charts text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Cornell Studies in Money Frontmatter -- Contents -- List of Illustrations -- List of Abbreviations -- 1. Rebirth of the Developmental State -- 2. Developmental States: Bringing Ideas Back In -- 3. Makings of a Developmental Mindset and Emergence of Strategy Mark I -- 4. Rise of Financial Activism -- 5. Fracturing Consensus and the Abandonment of Financial Activism -- 6. Return of the State -- 7. Emergence of Strategy Mark II -- 8. Return of Development Bankers -- 9. Full Flowering of Financial Activism -- 10. What Future for Financial Activism in Korea and Beyond? -- Acknowledgments -- Notes -- References -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star 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 by analysts, South Korea has since seen a striking revival of financial activism. Policy lending by state-owned development banks has returned the state to the core of the financial system. Korean development banks now account for one quarter of all loans and take the lead in providing low-cost finance to local manufacturing firms in strategic industries.Elizabeth Thurbon argues that an ideational analysis can help explain this renewed financial activism. She demonstrates the presence of a "developmental mindset" on the part of political leaders and policy elites in Korea. This mindset involves shared ways of thinking about the purpose of finance and its relationship to the productive economy. The developmental mindset has a long history in Korea but is subject to the vicissitudes of political and economic circumstances. Thurbon traces the structural, institutional, political, and ideational factors that have strengthened and at times weakened the developmental consensus, culminating in the revival of financial activism in Korea. In doing so, Thurbon offers a novel defense of the developmental state idea and a new framework for investigating the emergence and evolution of developmental states. She also canvasses the implications of the Korean experience for wider debates concerning the future of financial activism in an era of financialization, energy insecurity, and climate change. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022) Economic development Korea (South) Finance. Finance Korea (South). General Economics. Political Science & Political History. POLITICAL SCIENCE / Political Economy. bisacsh Title is part of eBook package: De Gruyter Asian Studies Contemporary Collection eBook Package 9783110649826 Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2016 9783110667493 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2016 9783110485103 ZDB-23-DGG Title is part of eBook package: De Gruyter EBOOK PACKAGE Social Sciences 2016 9783110485332 ZDB-23-DSW print 9781501702525 https://doi.org/10.7591/9781501704178 https://www.degruyter.com/isbn/9781501704178 Cover https://www.degruyter.com/document/cover/isbn/9781501704178/original |
language |
English |
format |
eBook |
author |
Thurbon, Elizabeth, Thurbon, Elizabeth, |
spellingShingle |
Thurbon, Elizabeth, Thurbon, Elizabeth, Developmental Mindset : The Revival of Financial Activism in South Korea / Cornell Studies in Money Frontmatter -- Contents -- List of Illustrations -- List of Abbreviations -- 1. Rebirth of the Developmental State -- 2. Developmental States: Bringing Ideas Back In -- 3. Makings of a Developmental Mindset and Emergence of Strategy Mark I -- 4. Rise of Financial Activism -- 5. Fracturing Consensus and the Abandonment of Financial Activism -- 6. Return of the State -- 7. Emergence of Strategy Mark II -- 8. Return of Development Bankers -- 9. Full Flowering of Financial Activism -- 10. What Future for Financial Activism in Korea and Beyond? -- Acknowledgments -- Notes -- References -- Index |
author_facet |
Thurbon, Elizabeth, Thurbon, Elizabeth, |
author_variant |
e t et e t et |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Thurbon, Elizabeth, |
title |
Developmental Mindset : The Revival of Financial Activism in South Korea / |
title_sub |
The Revival of Financial Activism in South Korea / |
title_full |
Developmental Mindset : The Revival of Financial Activism in South Korea / Elizabeth Thurbon. |
title_fullStr |
Developmental Mindset : The Revival of Financial Activism in South Korea / Elizabeth Thurbon. |
title_full_unstemmed |
Developmental Mindset : The Revival of Financial Activism in South Korea / Elizabeth Thurbon. |
title_auth |
Developmental Mindset : The Revival of Financial Activism in South Korea / |
title_alt |
Frontmatter -- Contents -- List of Illustrations -- List of Abbreviations -- 1. Rebirth of the Developmental State -- 2. Developmental States: Bringing Ideas Back In -- 3. Makings of a Developmental Mindset and Emergence of Strategy Mark I -- 4. Rise of Financial Activism -- 5. Fracturing Consensus and the Abandonment of Financial Activism -- 6. Return of the State -- 7. Emergence of Strategy Mark II -- 8. Return of Development Bankers -- 9. Full Flowering of Financial Activism -- 10. What Future for Financial Activism in Korea and Beyond? -- Acknowledgments -- Notes -- References -- Index |
title_new |
Developmental Mindset : |
title_sort |
developmental mindset : the revival of financial activism in south korea / |
series |
Cornell Studies in Money |
series2 |
Cornell Studies in Money |
publisher |
Cornell University Press, |
publishDate |
2016 |
physical |
1 online resource (240 p.) : 3 line figures, 6 tables, 13 charts Issued also in print. |
contents |
Frontmatter -- Contents -- List of Illustrations -- List of Abbreviations -- 1. Rebirth of the Developmental State -- 2. Developmental States: Bringing Ideas Back In -- 3. Makings of a Developmental Mindset and Emergence of Strategy Mark I -- 4. Rise of Financial Activism -- 5. Fracturing Consensus and the Abandonment of Financial Activism -- 6. Return of the State -- 7. Emergence of Strategy Mark II -- 8. Return of Development Bankers -- 9. Full Flowering of Financial Activism -- 10. What Future for Financial Activism in Korea and Beyond? -- Acknowledgments -- Notes -- References -- Index |
isbn |
9781501704178 9783110649826 9783110667493 9783110485103 9783110485332 9781501702525 |
callnumber-first |
H - Social Science |
callnumber-subject |
HG - Finance |
callnumber-label |
HG187 |
callnumber-sort |
HG 3187 K6 T48 42016EB |
geographic_facet |
Korea (South) Korea (South). |
url |
https://doi.org/10.7591/9781501704178 https://www.degruyter.com/isbn/9781501704178 https://www.degruyter.com/document/cover/isbn/9781501704178/original |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332.095195 |
dewey-sort |
3332.095195 |
dewey-raw |
332.095195 |
dewey-search |
332.095195 |
doi_str_mv |
10.7591/9781501704178 |
oclc_num |
979625023 |
work_keys_str_mv |
AT thurbonelizabeth developmentalmindsettherevivaloffinancialactivisminsouthkorea |
status_str |
n |
ids_txt_mv |
(DE-B1597)478544 (OCoLC)979625023 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Asian Studies Contemporary Collection eBook Package Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2016 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2016 Title is part of eBook package: De Gruyter EBOOK PACKAGE Social Sciences 2016 |
is_hierarchy_title |
Developmental Mindset : The Revival of Financial Activism in South Korea / |
container_title |
Title is part of eBook package: De Gruyter Asian Studies Contemporary Collection eBook Package |
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1770177060241670144 |
fullrecord |
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