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Developmental Mindset

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Elizabeth Thurbon 作者
Cornell University Press
译者
2016-3 出版日期
232 页数
GBP 62.50 价格
Hardcover
Cornell Studies in Money 丛书系列
9781501702525 图书编码

Developmental Mindset 在线电子书 图书标签: 比较政治经济学  韩国  比较政治  政治学   


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发表于2024-10-31


Developmental Mindset 在线电子书 epub 下载 mobi 下载 pdf 下载 txt 下载 2024

Developmental Mindset 在线电子书 epub 下载 mobi 下载 pdf 下载 txt 下载 2024

Developmental Mindset 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2024



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The Asian financial crisis of 1997–1998 was supposed to be the death knell for the developmental state. The International Monetary Fund supplied emergency funds for shattered economies but demanded that states liberalize financial markets and withdraw from direct involvement in the economy. Financial liberalization was meant to spell the end of strategic industry policy and the state-directed "policy lending" it involved. Yet, largely unremarked by analysts, South Korea has since seen a striking revival of financial activism. Policy lending by state-owned development banks has returned the state to the core of the financial system. Korean development banks now account for one quarter of all loans and take the lead in providing low-cost finance to local manufacturing firms in strategic industries.

Elizabeth Thurbon argues that an ideational analysis can help explain this renewed financial activism. She demonstrates the presence of a "developmental mindset" on the part of political leaders and policy elites in Korea. This mindset involves shared ways of thinking about the purpose of finance and its relationship to the productive economy. The developmental mindset has a long history in Korea but is subject to the vicissitudes of political and economic circumstances. Thurbon traces the structural, institutional, political, and ideational factors that have strengthened and at times weakened the developmental consensus, culminating in the revival of financial activism in Korea. In doing so, Thurbon offers a novel defense of the developmental state idea and a new framework for investigating the emergence and evolution of developmental states. She also canvasses the implications of the Korean experience for wider debates concerning the future of financial activism in an era of financialization, energy insecurity, and climate change.

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