Crisis and restructuring in East Asia
Subtitle: the case of the Korean chaebol and the automotive industry
By: Seung-il Jeong.
Publisher: Palgrave Macmillan
Published: 2004
Place of publication: New York
Language: eng
Number of pages: 293
Subjects: Financial crises -- East Asia -- Case studies; East Asia -- Economic policy -- Case studies; East Asia -- Economic conditions -- Case studies
Genres: Case studies.
Description: "This book criticizes the widespread view that the 1997 Asian crisis was due to 'crony capitalism' and puts the blame instead on misguided liberalization. It analyses the case of Korea's business conglomerates, the chaebol, with particular attention to the car industry to show how liberalization contributed to the crisis - even at the firm level. It shows how those firms that had developed innovative capabilities survived the crisis much better than those that had merely expanded into markets opened up by liberalization."--BOOK JACKET.
Notes: Includes bibliographical references and index.