Crony Capitalism: Corruption and Development in South Korea and the Philippines
Cambridge University Press, 24 Oca 2002 - 203 sayfa
Why has the literature on Asian development not addressed the issue of money politics in Korea? How can we reconcile the view of an efficient developmental state in Korea before 1997 with reports of massive corruption and inefficiency in that same country in 1998 and 1999? Politics is central to the answer. In this book the author makes two arguments. First, both Korea and the Philippines experienced significant corruption throughout the post-independence era. Second, political - not economic - considerations dominated policy making in both countries. Focusing on the exchange of favors for bribes between state and business, the author argues that politics drove policy choices, that bureaucrats were not autonomous from political interference in setting policy, and that business and political elites wrestled with each other over who would reap the rents to be had. Even in Korea, corruption was far greater than the conventional wisdom allows.
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actors American Aquino Asia Asia’s Asian financial crisis Author’s interview Bank billion won bribes bureaucracy business sector businessmen capital chaebol Chun Chun Doo-hwan civil servants coherent companies Cornell University Press corruption countries cronies democracy democratic developmental diss domestic economic policy elections exports external threat Ferdinand Marcos Filipino financial crisis firms foreign government-business growth Hanbo Hankuk Hyundai incentive industry influence institutions interests investment Japanese Kim Jong-pil Kim Young-sam land reform leaders loans Lopez Manila Marcos’s martial law military Ministry money politics mutual hostages National nomic oligarchs Park Chung-hee Park’s party pattern Paul Hutchcroft percent Ph.D Philippine politics political and economic Political Economy political elites political funds politicians president presidential regime rent seeking Rhee and Park Roh Tae-woo Samsung Seoul social Source South Korea Syngman Rhee Table Taiwan technocrats tion transaction costs U.S. dollars United Wurfel