A political-economic analysis of the failure of neo-liberal restructuring in post-crisis Korea
评估了国际货币基金组织主导的韩国后危机新自由主义重组,发现经济反弹不可持续、信贷紧缩持续、投资和增长长期低迷、不平等加剧、外资影响力大增,建议韩国拒绝激进新自由主义并改革传统国家主导增长模式。
This paper evaluates IMF-led neoliberal restructuring in post-crisis Korea. The main conclusions are: the economic rebound in 1999-2000 was both incomplete and unsustainable; restructuring created a ongoing credit crunch that continues to constrain investment spending; Korea may have been pushed onto a long-term low-investment, low-growth trajectory; insecurity and inequality have risen substantially; and the influence of foreign capital has dramatically increased. The paper concludes by suggesting that Koreans should reject radical neoliberal restructuring and consider instead reforms to democratize and modernize their traditional state-guided growth model.