Late Industrialization, Tradition, and Social Change in South Korea

Examines how primary social ties fueled economic growth

South Korea's rapid industrialization occurred with the rise of powerful chaebǒl (family-owned business conglomerates) that controlled vast swaths of the nation's economy. Leader Park Chung Hee's sense of backwardness and urgency led him to rely on familial, school, and regional ties to expedite the economic transformation. Late Industrialization, Tradition, and Social Change in South Korea elucidates how a country can progress economic...