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Developmental Mindset: The Revival of Financial Activism in South Korea (Cornell Studies in Money)

Elizabeth Thurbon




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 | #3818032 in Books |  2016-04-26 |  2016-03-31 | Original language:English | PDF # 1 |  9.00 x.60 x6.00l,.0 | File type: PDF | 240 pages

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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, Sou...

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