2005/04/13 by YUMI HORIKANE, Horikane Yumi · 1 citation
Social Sciences · #Asian Industrial and Economic Development
paper · doi:10.1017/s0026749x0400160x
Korea under the Park regime (1961–1979) is known as a typical example of the East Asian developmental state. Many students of development, both economists and political scientists, have studied it, producing a substantial accumulation of knowledge. However, most writers have, in fact, focused on the policies and politics of the first half of the era. The second half was, politically, a notoriously authoritarian dictatorship, through which the regime strongly pushed its controversial heavy and chemical industrialization program. This program is frequently criticized for being based upon irrational industrial targeting that generated great inefficiency in the economy. The explanation for such irrational policy has been attributed to politics , or the authoritarian nature of the regime, which actually does not explain much.