Crony capitalism: corruption and development in South Korea and the Philippines
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Bibliographische Detailangaben
1. Verfasser: Kang, David C., (David Chan-oong) (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cambridge Cambridge University Press 2002
Schriftenreihe:Cambridge studies in comparative politics
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Beschreibung:Includes bibliographical references and index
The puzzle and the theory -- Comparing Korea and the Philippines -- Institutions: bureaucrats and rulers -- Mutual hostages in Korea -- Bandwagoning politics in the Philippines -- Democracy in the 1980s and the financial crisis of 1997 -- Conclusion: corruption and development
"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 Kang makes two arguments. First, political - not economic - considerations dominated policy making in both Korea and the Philippines. Second, if there is a balance of power among a small and stable set of government and business elites, money politics can actually reduce transaction costs and promote growth. Focusing on the exchange of favors for bribes between state and business, Kang 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 - so rampant was corruption that we cannot dismiss it; rather, we need to explain it."--Jacket
Beschreibung:1 Online-Ressource (xv, 203 pages)
ISBN:0511041918
0511606176
052100408X
0521808170
9780511041914
9780511606175
9780521004084
9780521808170

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