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Hegemonic ideas versus Institutional ethos in Korea's neoliberal reform during the late 1990s economic crisis

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TitleInfo
Title
Hegemonic ideas versus Institutional ethos in Korea's neoliberal reform during the late 1990s economic crisis
Name (type = personal)
NamePart (type = family)
Kwon
NamePart (type = given)
Oh-Jung
NamePart (type = date)
1972-
DisplayForm
Oh-Jung Kwon
Role
RoleTerm (authority = RULIB)
author
Name (type = personal)
NamePart (type = family)
Rudel
NamePart (type = given)
Tom
DisplayForm
Tom Rudel
Affiliation
Advisory Committee
Role
RoleTerm (authority = RULIB)
chair
Name (type = personal)
NamePart (type = family)
Lee
NamePart (type = given)
Catherine
DisplayForm
Catherine Lee
Affiliation
Advisory Committee
Role
RoleTerm (authority = RULIB)
internal member
Name (type = personal)
NamePart (type = family)
Roos
NamePart (type = given)
Patricia
DisplayForm
Patricia Roos
Affiliation
Advisory Committee
Role
RoleTerm (authority = RULIB)
internal member
Name (type = personal)
NamePart (type = family)
Lee
NamePart (type = given)
Yoonkyung
DisplayForm
Yoonkyung Lee
Affiliation
Advisory Committee
Role
RoleTerm (authority = RULIB)
outside member
Name (type = corporate)
NamePart
Rutgers University
Role
RoleTerm (authority = RULIB)
degree grantor
Name (type = corporate)
NamePart
Graduate School - New Brunswick
Role
RoleTerm (authority = RULIB)
school
TypeOfResource
Text
Genre (authority = marcgt)
theses
OriginInfo
DateCreated (qualifier = exact)
2013
DateOther (qualifier = exact); (type = degree)
2013-10
Place
PlaceTerm (type = code)
xx
Language
LanguageTerm (authority = ISO639-2b); (type = code)
eng
Abstract (type = abstract)
This study uses the historical case of the late 1990s economic crisis in Korea to explore the encounter between exogenous neoliberal doctrines and the endogenous "developmental" policy ethos. It investigates to what extent the neoliberal policy frame was institutionalized to change the developmental regulatory structure. The discourse of "moral hazard" mediated the acceptance of the harsh International Monetary Fund programs in such a way that neoliberal norms were espoused as the legitimate tools to cure "inefficient" developmental policy arrangements. The far-reaching restructuring aimed to make the system conform to the Western market economy model and was guided by major reform agendas such as small government, fiscal austerity, bank autonomy, strict capital adequacy, corporate transparency, capital liberalization, and labor flexibility. Tracing the implementation of these agendas revealed two primary contexts for incomplete neoliberal transition under the developmental institutional legacies. First, pragmatic policy orientation framed market adjustment as a national project, empowering the government to achieve immediate economic and political stability. Financial reform to build market discipline led to more integrated authority and expanded the domains of supervision by the government. Pursuing small-government reform failed due to the organizational culture and strong policy leadership of the closed, rank-based bureaucracy. Second, the political and economic incentives to protect major large conglomerates (chaebols) and organized labor compromised the market adjustments. Reforming the structures and practices of the chaebols was limited because they were still the core players in the Korean economy. The initiative to promote labor flexibility deepened labor market segmentation, widening the gap among workers by firm size and unionization. The agenda of capital liberalization led to the successful implementation by making financial institutions more susceptible to the growing influence of foreign shareholders and investors. The Korean experience shows that highly legitimate neoliberal values in the policy discourse were rearticulated, compromised, or abandoned within the local policy institutions. The post-crisis reform entailed excessive government intrusion and the mobilization of passive private sectors with the persistence of the enduring developmental ethos to guide the government-market relationship.
Subject (authority = RUETD)
Topic
Sociology
RelatedItem (type = host)
TitleInfo
Title
Rutgers University Electronic Theses and Dissertations
Identifier (type = RULIB)
ETD
Identifier
ETD_5090
PhysicalDescription
Form (authority = gmd)
electronic resource
InternetMediaType
application/pdf
InternetMediaType
text/xml
Extent
x, 156 p. : ill.
Note (type = degree)
Ph.D.
Note (type = bibliography)
Includes bibliographical references
Note (type = statement of responsibility)
by Oh-Jung Kwon
Subject (authority = ETD-LCSH)
Topic
Neoliberalism
Subject (authority = lcsh/lcnaf)
Geographic
Korea (South)--Economic policy--1988-
Subject (authority = lcsh/lcnaf)
Geographic
Korea (South)--Economic conditions--1988-
Subject
Name (authority = LC-NAF)
NamePart (type = corporate)
International Monetary Fund
Subject (authority = ETD-LCSH)
Topic
Global Financial Crisis, 2008-2009
RelatedItem (type = host)
TitleInfo
Title
Graduate School - New Brunswick Electronic Theses and Dissertations
Identifier (type = local)
rucore19991600001
Location
PhysicalLocation (authority = marcorg); (displayLabel = Rutgers, The State University of New Jersey)
NjNbRU
Identifier (type = doi)
doi:10.7282/T36M34V5
Genre (authority = ExL-Esploro)
ETD doctoral
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Rights

RightsDeclaration (ID = rulibRdec0006)
The author owns the copyright to this work.
RightsHolder (type = personal)
Name
FamilyName
Kwon
GivenName
Oh-Jung
Role
Copyright Holder
RightsEvent
Type
Permission or license
DateTime (encoding = w3cdtf); (qualifier = exact); (point = start)
2013-09-30 09:46:54
AssociatedEntity
Name
Oh-Jung Kwon
Role
Copyright holder
Affiliation
Rutgers University. Graduate School - New Brunswick
AssociatedObject
Type
License
Name
Author Agreement License
Detail
I hereby grant to the Rutgers University Libraries and to my school the non-exclusive right to archive, reproduce and distribute my thesis or dissertation, in whole or in part, and/or my abstract, in whole or in part, in and from an electronic format, subject to the release date subsequently stipulated in this submittal form and approved by my school. I represent and stipulate that the thesis or dissertation and its abstract are my original work, that they do not infringe or violate any rights of others, and that I make these grants as the sole owner of the rights to my thesis or dissertation and its abstract. I represent that I have obtained written permissions, when necessary, from the owner(s) of each third party copyrighted matter to be included in my thesis or dissertation and will supply copies of such upon request by my school. I acknowledge that RU ETD and my school will not distribute my thesis or dissertation or its abstract if, in their reasonable judgment, they believe all such rights have not been secured. I acknowledge that I retain ownership rights to the copyright of my work. I also retain the right to use all or part of this thesis or dissertation in future works, such as articles or books.
RightsEvent
DateTime (encoding = w3cdtf); (qualifier = exact); (point = start)
2013-10-31
DateTime (encoding = w3cdtf); (qualifier = exact); (point = end)
2014-10-31
Type
Embargo
Detail
Access to this PDF has been restricted at the author's request. It will be publicly available after October 31st, 2014.
Copyright
Status
Copyright protected
Availability
Status
Open
Reason
Permission or license
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Technical

RULTechMD (ID = TECHNICAL1)
ContentModel
ETD
OperatingSystem (VERSION = 5.1)
windows xp
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