European University Institute Library

Economic crisis and corporate restructuring in Korea, reforming the chaebol, edited by Stephan Haggard, Wonhyuk Lim, Euysung Kim

eng

index present

non fiction

Economic crisis and corporate restructuring in Korea

electronic resource

dictionaries

883852964

edited by Stephan Haggard, Wonhyuk Lim, Euysung Kim

Cambridge Asia-Pacific studiesCambridge Social Sciences eBooks

reforming the chaebol

Asian business conglomerates have clearly been successful agents of growth, mobilizing capital, borrowing technology from abroad and spearheading Asia's exports. However, these firms have long had a number of organisational and financial weaknesses, including heavy reliance on debt, that make them vulnerable to shocks. Nowhere was this more true than in Korea, where the large corporate groups known as chaebol have dominated the economic landscape. This collection of essays by leading political scientists and economists provides a comprehensive look at the chaebol problem in the wake of the Asian financial crisis. The authors consider the historical evolution of the chaebol and their contribution to the onset of economic turmoil in 1997. The book analyses the government's short-run response to corporate and financial distress, and outlines an agenda for longer-term reform of the financial system, corporate governance and the politics of business-government relations.--, Provided by publisher

Economic Crisis & Corporate Restructuring in Korea