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Economic Crisis and Corporate Restructuring in Korea

Reforming the Chaebol
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Description

Asian business conglomerates have clearly been successful agents of growth, mobilizing capital, borrowing technology from abroad and spearheading Asia's exports. However, these firms have long had a number of organisational and financial weaknesses, including heavy reliance on debt, that make them vulnerable to shocks. Nowhere was this more true than in Korea, where the large corporate groups known as chaebol have dominated the economic landscape. This collection of essays by leading political scientists and economists provides a comprehensive look at the chaebol problem in the wake of the Asian financial crisis. The authors consider the historical evolution of the chaebol and their contribution to the onset of economic turmoil in 1997. The book analyses the government's short-run response to corporate and financial distress, and outlines an agenda for longer-term reform of the financial system, corporate governance and the politics of business-government relations.
Release date NZ
February 18th, 2010
Audience
  • Professional & Vocational
Contributors
  • Edited by Euysung Kim
  • Edited by Stephan Haggard
  • Edited by Wonhyuk Lim
Illustrations
Worked examples or Exercises
Pages
368
Dimensions
152x229x21
ISBN-13
9780521131711
Product ID
4357084

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