Economic Crisis and Corporate Restructuring in Korea: Reforming the Chaebol

Economic Crisis and Corporate Restructuring in Korea: Reforming the Chaebol

by Stephan Haggard, Wonhyuk Lim, Euysung Kim, John Ravenhill
     
 

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In this comprehensive study leading scholars consider the historical evolution of the Chaebol and their contribution to the Asian financial crisis. They analyze the Korean government's response, and outline an agenda for financial and corporate reform. While Asian business conglomerates have been successful agents of growth, they have long had a number of

Overview

In this comprehensive study leading scholars consider the historical evolution of the Chaebol and their contribution to the Asian financial crisis. They analyze the Korean government's response, and outline an agenda for financial and corporate reform. While Asian business conglomerates have been successful agents of growth, they have long had a number of organizational and financial weaknesses 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.

Editorial Reviews

From the Publisher
"The essays provide a timely review of chaebol reform, and represent a fine addition to the growing literature of Korean business-state relations. ...scholars and policy makers interested in policy implementation and procedure will welcome the volume." Pacific Affairs

"This work makes a significant contribution to existing knowledge regarding the Korean economy and its components. Each chapter has an extensive list of references. To my knowledge, there is no single work with which this one competes. Its intended audiences are academics and the business community. However, general readers interested in the subject matter will find this work interesting because it is readable and does not overuse the lexicon of economics or business." Perspectives on Political Science

Product Details

ISBN-13:
9780521823630
Publisher:
Cambridge University Press
Publication date:
03/01/2003
Series:
Cambridge Asia-Pacific Studies
Pages:
364
Product dimensions:
5.98(w) x 8.98(h) x 1.10(d)

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