Crony Capitalism: Corruption and Development in South Korea and the Philippines

David C Kang

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Language: English

Published by Cambridge University Press, 2002

052100408X / 9780521004084

Series: Book 17 of 161 - Cambridge Studies in Comparative Politics

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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 the author makes two arguments. First, both Korea and the Philippines experienced significant corruption throughout the post-independence era. Second, political - not economic - considerations dominated policy making in both countries. Focusing on the exchange of favors for bribes between state and business, the author 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.

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Title
Crony Capitalism: Corruption and Development in South Korea and the Philippines
Author
David C Kang
Publisher
Cambridge University Press
Publication year
2002
Condition
Fair
Binding
Paperback
Language
English
ISBN 10
052100408X
ISBN 13
9780521004084
Series
Book 17 of 161: Cambridge Studies in Comparative Politics

World of Books Inc

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