State-Controlled Economies: South Korea and Indonesia
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The newly-industrializing (or, in some cases, industrialized) countries (NICs) of East Asia are an extreme case of state intervention rather than statism, but many of the challenges with which the world market confronts statist economies are today proving a problem for the NICs. There is pressure on their role as economic controllers. The developmental states in the region were given their initial opportunity by the processes of globalization. But globalization, in turn, has weakened and disrupted the strong states of East Asia. In this chapter, I will examine the military origins of the developmental states, the role of those states in development and their contribution to the recent economic crisis.
KeywordsForeign Investment World Market Private Capital Capitalist Class South Korean Government
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