Crony Capitalism

Crony Capitalism

Corruption and Development in South Korea and the Philippines

eBook - 2002
Rate this:
"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.
Publisher: Cambridge ; New York : Cambridge University Press, 2002
ISBN: 9780511156786
0511156782
9780511044557
0511044550
9780511606175
0511606176
9780521808170
0521808170
9780511041914
0511041918
Characteristics: data file,rda
1 online resource (xv, 203 pages) : illustrations

Opinion

From the critics


Community Activity

Comment

Add a Comment

There are no comments for this title yet.

Age Suitability

Add Age Suitability

There are no age suitabilities for this title yet.

Summary

Add a Summary

There are no summaries for this title yet.

Notices

Add Notices

There are no notices for this title yet.

Quotes

Add a Quote

There are no quotes for this title yet.

Explore Further

Recommendations

Subject Headings

  Loading...

Find it at SPL

  Loading...
[]
[]
To Top