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Chaebolföretagen - en "omöjlig" konfiguration i den sydkoreanska industrialiseringsprocessen.

Jönsson, Per Ingvar LU (2006)
Abstract
The chaebol conglomerates, which constituted the backbone of the "South Korean miracle", became the instrument for economic growth within a framework laid down by the "developmental state". With a minimum of own capital, but with private owner-control and loan-financing, these chaebols were able to expand. How could this "impossible" configuration survive? The thesis analyses how this could continue up to the Asian crisis of 1997, and why South Korea, in spite of its stable growth and good economic prerequisites, could not make it through the crisis.



The chaebol conglomerates are described from three perspectives, dating from the Chinese heritage and the Japanese occupation to the recovery after the Asian... (More)
The chaebol conglomerates, which constituted the backbone of the "South Korean miracle", became the instrument for economic growth within a framework laid down by the "developmental state". With a minimum of own capital, but with private owner-control and loan-financing, these chaebols were able to expand. How could this "impossible" configuration survive? The thesis analyses how this could continue up to the Asian crisis of 1997, and why South Korea, in spite of its stable growth and good economic prerequisites, could not make it through the crisis.



The chaebol conglomerates are described from three perspectives, dating from the Chinese heritage and the Japanese occupation to the recovery after the Asian crisis.



a) The macroeconomic prerequisites for industrialisation under the different regimes are discussed.



b) The chaebols are examined and characterised generally.



c) The development of three of the largest chaebols, Samsung, Hyundai and Daewoo, are used to exemplify the "impossible" configuration in the South Korean industrialisation process.



The author sees the "South Korean miracle" as a paradox with both continuity and discontinuity in the development. The era under President Park is considered an extension of the Japanese period. The liberalising and democratising processes, started in the 1980s, are seen as a prelude to a formative period, prior to the structural break in the economy and paradigm shift in the development of the chaebols after the 1997 Asian crisis. (Less)
Abstract (Swedish)
Popular Abstract in Swedish

Stommen i "det sydkoreanska miraklet" utgjordes av chaebolkonglomeraten, som inom ramen för "developmental state" blev instrumentet för ekonomisk tillväxt. Med ett minimum av eget kapital men med privat ägarkontroll och genom lånefinansiering expanderade dessa företag. Hur kunde denna "omöjliga" konfiguration överleva? Avhandlingen analyserar hur detta kunde fortgå ända fram till Asienkrisen 1997 och varför Sydkorea med stabil tillväxt och goda ekonomiska fundamenta inte kunde överbrygga också denna kris.



Chaebolföretagen belyses ur tre olika perspektiv från det kinesiska arvet och den japanska ockupationen till återhämtningen efter Asienkrisen. a) De makroekonomiska... (More)
Popular Abstract in Swedish

Stommen i "det sydkoreanska miraklet" utgjordes av chaebolkonglomeraten, som inom ramen för "developmental state" blev instrumentet för ekonomisk tillväxt. Med ett minimum av eget kapital men med privat ägarkontroll och genom lånefinansiering expanderade dessa företag. Hur kunde denna "omöjliga" konfiguration överleva? Avhandlingen analyserar hur detta kunde fortgå ända fram till Asienkrisen 1997 och varför Sydkorea med stabil tillväxt och goda ekonomiska fundamenta inte kunde överbrygga också denna kris.



Chaebolföretagen belyses ur tre olika perspektiv från det kinesiska arvet och den japanska ockupationen till återhämtningen efter Asienkrisen. a) De makroekonomiska förutsättningarna för företagande penetreras under de olika regimerna. b) Chaebolföretagen behandlas och karakteriseras generellt. c) Utvecklingen för tre av de största företagen, Samsung, Hyundai och Daewoo, exemplifierar på företagsplanet den "omöjliga" konfigurationen i den sydkoreanska industrialiseringsprocessen.



Författaren ser "det sydkoreanska miraklet" som en paradox med både kontinuitet och diskontinuitet i utvecklingen. Eran under president Park betraktas som en förlängd japanperiod. Starten av liberaliserings- och demokratiprocesserna under 1980-talet ses som inledningen till en formativ period inför strukturbrottet i ekonomin och paradigmskiftet för chaebolföretagen 1997. (Less)
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author
supervisor
opponent
  • Professor Blomqvist, Hans Christer, Handelshögskolan Helsingfors
organization
alternative title
The chaebol conglomerate - an "impossible" configuration in the South Korean industrialization process
publishing date
type
Thesis
publication status
published
subject
keywords
Social and economic history, Paradigm shift, Structural breaks, Formative periods, Discontinuity, Continuity, Chaebol conglomerate, Developmental state, Ekonomisk och social historia
pages
259 pages
publisher
Almqvist & Wiksell International
defense location
Crafoordsalen, Holger Crafoords Ekonomicentrum Lund
defense date
2006-11-25 10:15:00
ISBN
ISBN-10 91-22-02160-4; ISBN-13 978-91-22-02160-5
language
Swedish
LU publication?
yes
id
7c8750c7-41a3-4506-9c38-b998d74cdf4e (old id 25993)
date added to LUP
2016-04-01 16:18:17
date last changed
2018-11-21 20:40:19
@phdthesis{7c8750c7-41a3-4506-9c38-b998d74cdf4e,
  abstract     = {The chaebol conglomerates, which constituted the backbone of the "South Korean miracle", became the instrument for economic growth within a framework laid down by the "developmental state". With a minimum of own capital, but with private owner-control and loan-financing, these chaebols were able to expand. How could this "impossible" configuration survive? The thesis analyses how this could continue up to the Asian crisis of 1997, and why South Korea, in spite of its stable growth and good economic prerequisites, could not make it through the crisis.<br/><br>
<br/><br>
The chaebol conglomerates are described from three perspectives, dating from the Chinese heritage and the Japanese occupation to the recovery after the Asian crisis.<br/><br>
<br/><br>
a) The macroeconomic prerequisites for industrialisation under the different regimes are discussed.<br/><br>
<br/><br>
b) The chaebols are examined and characterised generally.<br/><br>
<br/><br>
c) The development of three of the largest chaebols, Samsung, Hyundai and Daewoo, are used to exemplify the "impossible" configuration in the South Korean industrialisation process.<br/><br>
<br/><br>
The author sees the "South Korean miracle" as a paradox with both continuity and discontinuity in the development. The era under President Park is considered an extension of the Japanese period. The liberalising and democratising processes, started in the 1980s, are seen as a prelude to a formative period, prior to the structural break in the economy and paradigm shift in the development of the chaebols after the 1997 Asian crisis.},
  author       = {Jönsson, Per Ingvar},
  isbn         = {ISBN-10 91-22-02160-4; ISBN-13 978-91-22-02160-5},
  language     = {swe},
  publisher    = {Almqvist & Wiksell International},
  school       = {Lund University},
  title        = {Chaebolföretagen - en "omöjlig" konfiguration i den sydkoreanska industrialiseringsprocessen.},
  year         = {2006},
}