Developmental mindset: the revival of financial activism in South Korea
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. Financia...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Ithaca, N.Y.
Cornell University Press
[2016]
|
| Schriftenreihe: | Cornell Studies in Money
|
| Schlagworte: | |
| Online-Zugang: | DE-1043 DE-1046 DE-858 DE-Aug4 DE-898 DE-859 DE-860 DE-473 DE-29 DE-739 Volltext |
| Zusammenfassung: | 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, South Korea has since seen a striking revival of financial activism. Policy lending by state-owned development banks has returned the state to the core of the financial system. Korean development banks now account for one quarter of all loans and take the lead in providing low-cost finance to local manufacturing firms in strategic industries. Elizabeth Thurbon argues that an ideational analysis can help explain this renewed financial activism. She demonstrates the presence of a "developmental mindset" on the part of political leaders and policy elites in Korea. This mindset involves shared ways of thinking about the purpose of finance and its relationship to the productive economy. The developmental mindset has a long history in Korea but is subject to the vicissitudes of political and economic circumstances. Thurbon traces the structural, institutional, political, and ideational factors that have strengthened and at times weakened the developmental consensus, culminating in the revival of financial activism in Korea. In doing so, Thurbon offers a novel defense of the developmental state idea and a new framework for investigating the emergence and evolution of developmental states. She also canvasses the implications of the Korean experience for wider debates concerning the future of financial activism in an era of financialization, energy insecurity, and climate change |
| Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed April 28, 2017) |
| Beschreibung: | 1 online resource |
| ISBN: | 9781501704178 |
| DOI: | 10.7591/9781501704178 |
Internformat
MARC
| LEADER | 00000nmm a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV044254525 | ||
| 003 | DE-604 | ||
| 005 | 20240930 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 170403s2016 |||| o||u| ||||||eng d | ||
| 020 | |a 9781501704178 |9 978-1-5017-0417-8 | ||
| 024 | 7 | |a 10.7591/9781501704178 |2 doi | |
| 035 | |a (ZDB-23-DGG)9781501704178 | ||
| 035 | |a (OCoLC)1165566033 | ||
| 035 | |a (DE-599)BVBBV044254525 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-Aug4 |a DE-859 |a DE-860 |a DE-473 |a DE-29 |a DE-739 |a DE-1046 |a DE-1043 |a DE-858 |a DE-898 | ||
| 082 | 0 | |a 332.095195 |2 23 | |
| 100 | 1 | |a Thurbon, Elizabeth |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Developmental mindset |b the revival of financial activism in South Korea |c Elizabeth Thurbon |
| 264 | 1 | |a Ithaca, N.Y. |b Cornell University Press |c [2016] | |
| 264 | 4 | |c © 2016 | |
| 300 | |a 1 online resource | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a Cornell Studies in Money | |
| 500 | |a Description based on online resource; title from PDF title page (publisher's Web site, viewed April 28, 2017) | ||
| 520 | |a 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, South Korea has since seen a striking revival of financial activism. Policy lending by state-owned development banks has returned the state to the core of the financial system. Korean development banks now account for one quarter of all loans and take the lead in providing low-cost finance to local manufacturing firms in strategic industries. Elizabeth Thurbon argues that an ideational analysis can help explain this renewed financial activism. She demonstrates the presence of a "developmental mindset" on the part of political leaders and policy elites in Korea. This mindset involves shared ways of thinking about the purpose of finance and its relationship to the productive economy. The developmental mindset has a long history in Korea but is subject to the vicissitudes of political and economic circumstances. Thurbon traces the structural, institutional, political, and ideational factors that have strengthened and at times weakened the developmental consensus, culminating in the revival of financial activism in Korea. In doing so, Thurbon offers a novel defense of the developmental state idea and a new framework for investigating the emergence and evolution of developmental states. She also canvasses the implications of the Korean experience for wider debates concerning the future of financial activism in an era of financialization, energy insecurity, and climate change | ||
| 546 | |a In English | ||
| 650 | 4 | |a Wirtschaftsentwicklung | |
| 650 | 4 | |a Economic development |z Korea (South) |x Finance | |
| 650 | 4 | |a Finance |z Korea (South) | |
| 856 | 4 | 0 | |u https://doi.org/10.7591/9781501704178 |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-23-DGG |a ZDB-23-DSW | ||
| 940 | 1 | |q ZDB-23-DSW16 | |
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-029659557 | |
| 966 | e | |u https://doi.org/10.7591/9781501704178 |l DE-1043 |p ZDB-23-DGG |q FAB_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.7591/9781501704178 |l DE-1046 |p ZDB-23-DGG |q FAW_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.7591/9781501704178 |l DE-858 |p ZDB-23-DGG |q FCO_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.7591/9781501704178 |l DE-Aug4 |p ZDB-23-DGG |q FHA_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.7591/9781501704178?locatt=mode:legacy |l DE-898 |p ZDB-23-DSW |q ZDB-23-DSW16 |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.7591/9781501704178 |l DE-859 |p ZDB-23-DGG |q FKE_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.7591/9781501704178 |l DE-860 |p ZDB-23-DGG |q FLA_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.7591/9781501704178 |l DE-473 |p ZDB-23-DGG |q UBG_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.7591/9781501704178 |l DE-29 |p ZDB-23-DSW |q ZDB-23-DSW16 |x Verlag |3 Volltext | |
| 966 | e | |u https://doi.org/10.7591/9781501704178 |l DE-739 |p ZDB-23-DGG |q UPA_PDA_DGG |x Verlag |3 Volltext | |
Datensatz im Suchindex
| _version_ | 1811652461285343232 |
|---|---|
| adam_text | |
| any_adam_object | |
| author | Thurbon, Elizabeth |
| author_facet | Thurbon, Elizabeth |
| author_role | aut |
| author_sort | Thurbon, Elizabeth |
| author_variant | e t et |
| building | Verbundindex |
| bvnumber | BV044254525 |
| collection | ZDB-23-DGG ZDB-23-DSW |
| ctrlnum | (ZDB-23-DGG)9781501704178 (OCoLC)1165566033 (DE-599)BVBBV044254525 |
| dewey-full | 332.095195 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.095195 |
| dewey-search | 332.095195 |
| dewey-sort | 3332.095195 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.7591/9781501704178 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nmm a2200000zc 4500</leader><controlfield tag="001">BV044254525</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20240930</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">170403s2016 |||| o||u| ||||||eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781501704178</subfield><subfield code="9">978-1-5017-0417-8</subfield></datafield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.7591/9781501704178</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-23-DGG)9781501704178</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1165566033</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV044254525</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-859</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-1046</subfield><subfield code="a">DE-1043</subfield><subfield code="a">DE-858</subfield><subfield code="a">DE-898</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.095195</subfield><subfield code="2">23</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Thurbon, Elizabeth</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Developmental mindset</subfield><subfield code="b">the revival of financial activism in South Korea</subfield><subfield code="c">Elizabeth Thurbon</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Ithaca, N.Y.</subfield><subfield code="b">Cornell University Press</subfield><subfield code="c">[2016]</subfield></datafield><datafield tag="264" ind1=" " ind2="4"><subfield code="c">© 2016</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">Cornell Studies in Money</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Description based on online resource; title from PDF title page (publisher's Web site, viewed April 28, 2017)</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">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, South Korea has since seen a striking revival of financial activism. Policy lending by state-owned development banks has returned the state to the core of the financial system. Korean development banks now account for one quarter of all loans and take the lead in providing low-cost finance to local manufacturing firms in strategic industries. Elizabeth Thurbon argues that an ideational analysis can help explain this renewed financial activism. She demonstrates the presence of a "developmental mindset" on the part of political leaders and policy elites in Korea. This mindset involves shared ways of thinking about the purpose of finance and its relationship to the productive economy. The developmental mindset has a long history in Korea but is subject to the vicissitudes of political and economic circumstances. Thurbon traces the structural, institutional, political, and ideational factors that have strengthened and at times weakened the developmental consensus, culminating in the revival of financial activism in Korea. In doing so, Thurbon offers a novel defense of the developmental state idea and a new framework for investigating the emergence and evolution of developmental states. She also canvasses the implications of the Korean experience for wider debates concerning the future of financial activism in an era of financialization, energy insecurity, and climate change</subfield></datafield><datafield tag="546" ind1=" " ind2=" "><subfield code="a">In English</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Wirtschaftsentwicklung</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economic development</subfield><subfield code="z">Korea (South)</subfield><subfield code="x">Finance</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance</subfield><subfield code="z">Korea (South)</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.7591/9781501704178</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-23-DGG</subfield><subfield code="a">ZDB-23-DSW</subfield></datafield><datafield tag="940" ind1="1" ind2=" "><subfield code="q">ZDB-23-DSW16</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-029659557</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.7591/9781501704178</subfield><subfield code="l">DE-1043</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">FAB_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.7591/9781501704178</subfield><subfield code="l">DE-1046</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">FAW_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.7591/9781501704178</subfield><subfield code="l">DE-858</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">FCO_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.7591/9781501704178</subfield><subfield code="l">DE-Aug4</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">FHA_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.7591/9781501704178?locatt=mode:legacy</subfield><subfield code="l">DE-898</subfield><subfield code="p">ZDB-23-DSW</subfield><subfield code="q">ZDB-23-DSW16</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.7591/9781501704178</subfield><subfield code="l">DE-859</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">FKE_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.7591/9781501704178</subfield><subfield code="l">DE-860</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">FLA_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.7591/9781501704178</subfield><subfield code="l">DE-473</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">UBG_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.7591/9781501704178</subfield><subfield code="l">DE-29</subfield><subfield code="p">ZDB-23-DSW</subfield><subfield code="q">ZDB-23-DSW16</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">https://doi.org/10.7591/9781501704178</subfield><subfield code="l">DE-739</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">UPA_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
| id | DE-604.BV044254525 |
| illustrated | Not Illustrated |
| indexdate | 2024-09-30T20:00:22Z |
| institution | BVB |
| isbn | 9781501704178 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029659557 |
| oclc_num | 1165566033 |
| open_access_boolean | |
| owner | DE-Aug4 DE-859 DE-860 DE-473 DE-BY-UBG DE-29 DE-739 DE-1046 DE-1043 DE-858 DE-898 DE-BY-UBR |
| owner_facet | DE-Aug4 DE-859 DE-860 DE-473 DE-BY-UBG DE-29 DE-739 DE-1046 DE-1043 DE-858 DE-898 DE-BY-UBR |
| physical | 1 online resource |
| psigel | ZDB-23-DGG ZDB-23-DSW ZDB-23-DSW16 ZDB-23-DGG FAB_PDA_DGG ZDB-23-DGG FAW_PDA_DGG ZDB-23-DGG FCO_PDA_DGG ZDB-23-DGG FHA_PDA_DGG ZDB-23-DSW ZDB-23-DSW16 ZDB-23-DGG FKE_PDA_DGG ZDB-23-DGG FLA_PDA_DGG ZDB-23-DGG UBG_PDA_DGG ZDB-23-DGG UPA_PDA_DGG |
| publishDate | 2016 |
| publishDateSearch | 2016 |
| publishDateSort | 2016 |
| publisher | Cornell University Press |
| record_format | marc |
| series2 | Cornell Studies in Money |
| spelling | Thurbon, Elizabeth Verfasser aut Developmental mindset the revival of financial activism in South Korea Elizabeth Thurbon Ithaca, N.Y. Cornell University Press [2016] © 2016 1 online resource txt rdacontent c rdamedia cr rdacarrier Cornell Studies in Money Description based on online resource; title from PDF title page (publisher's Web site, viewed April 28, 2017) 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, South Korea has since seen a striking revival of financial activism. Policy lending by state-owned development banks has returned the state to the core of the financial system. Korean development banks now account for one quarter of all loans and take the lead in providing low-cost finance to local manufacturing firms in strategic industries. Elizabeth Thurbon argues that an ideational analysis can help explain this renewed financial activism. She demonstrates the presence of a "developmental mindset" on the part of political leaders and policy elites in Korea. This mindset involves shared ways of thinking about the purpose of finance and its relationship to the productive economy. The developmental mindset has a long history in Korea but is subject to the vicissitudes of political and economic circumstances. Thurbon traces the structural, institutional, political, and ideational factors that have strengthened and at times weakened the developmental consensus, culminating in the revival of financial activism in Korea. In doing so, Thurbon offers a novel defense of the developmental state idea and a new framework for investigating the emergence and evolution of developmental states. She also canvasses the implications of the Korean experience for wider debates concerning the future of financial activism in an era of financialization, energy insecurity, and climate change In English Wirtschaftsentwicklung Economic development Korea (South) Finance Finance Korea (South) https://doi.org/10.7591/9781501704178 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Thurbon, Elizabeth Developmental mindset the revival of financial activism in South Korea Wirtschaftsentwicklung Economic development Korea (South) Finance Finance Korea (South) |
| title | Developmental mindset the revival of financial activism in South Korea |
| title_auth | Developmental mindset the revival of financial activism in South Korea |
| title_exact_search | Developmental mindset the revival of financial activism in South Korea |
| title_full | Developmental mindset the revival of financial activism in South Korea Elizabeth Thurbon |
| title_fullStr | Developmental mindset the revival of financial activism in South Korea Elizabeth Thurbon |
| title_full_unstemmed | Developmental mindset the revival of financial activism in South Korea Elizabeth Thurbon |
| title_short | Developmental mindset |
| title_sort | developmental mindset the revival of financial activism in south korea |
| title_sub | the revival of financial activism in South Korea |
| topic | Wirtschaftsentwicklung Economic development Korea (South) Finance Finance Korea (South) |
| topic_facet | Wirtschaftsentwicklung Economic development Korea (South) Finance Finance Korea (South) |
| url | https://doi.org/10.7591/9781501704178 |
| work_keys_str_mv | AT thurbonelizabeth developmentalmindsettherevivaloffinancialactivisminsouthkorea |