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- catalog abstract ""Why has the literature on Asian development not addressed the issue of money politics in Korea? How can we reconcile the view of an efficient developmental state in Korea before 1997 with reports of massive corruption and inefficiency in that same country in 1998 and 1999? Politics is central to the answer. In this book Kang makes two arguments. First, political - not economic - considerations dominated policy making in both Korea and the Philippines. Second, if there is a balance of power among a small and stable set of government and business elites, money politics can actually reduce transaction costs and promote growth. Focusing on the exchange of favors for bribes between state and business, Kang argues that politics drove policy choices, that bureaucrats were not autonomous from political interference in setting policy, and that business and political elites wrestled with each other over who would reap the rents to be had. Even in Korea, corruption was far greater than the conventional wisdom allows - so rampant was corruption that we cannot dismiss it; rather, we need to explain it."--Jacket.".
- catalog contributor b12433272.
- catalog coverage "Korea (South) Economic policy 1960-".
- catalog coverage "Korea (South) Economic policy 1960-1988.".
- catalog coverage "Korea (South) Economic policy 1988-2002.".
- catalog coverage "Philippines Economic policy.".
- catalog created "2002.".
- catalog date "2002".
- catalog date "2002.".
- catalog dateCopyrighted "2002.".
- catalog description ""Why has the literature on Asian development not addressed the issue of money politics in Korea? How can we reconcile the view of an efficient developmental state in Korea before 1997 with reports of massive corruption and inefficiency in that same country in 1998 and 1999? Politics is central to the answer. In this book Kang makes two arguments. First, political - not economic - considerations dominated policy making in both Korea and the Philippines. Second, if there is a balance of power among a small and stable set of government and business elites, money politics can actually reduce transaction costs and promote growth. Focusing on the exchange of favors for bribes between state and business, Kang argues that politics drove policy choices, that bureaucrats were not autonomous from political interference in setting policy, and that business and political elites wrestled with each other over who would reap the rents to be had. Even in Korea, corruption was far greater than the conventional wisdom allows - so rampant was corruption that we cannot dismiss it; rather, we need to explain it."--Jacket.".
- catalog description "Includes bibliographical references and index.".
- catalog description "The puzzle and the theory -- Comparing Korea and the Philippines -- Institutions: bureaucrats and rulers -- Mutual hostages in Korea -- Bandwagoning politics in the Philippines -- Democracy in the 1980s and the financial crisis of 1997 -- Conclusion: corruption and development.".
- catalog extent "xv, 203 p. :".
- catalog identifier "052100408X (pb.)".
- catalog identifier "0521808170".
- catalog isPartOf "Cambridge studies in comparative politics".
- catalog issued "2002".
- catalog issued "2002.".
- catalog language "eng".
- catalog publisher "Cambridge ; New York : Cambridge University Press,".
- catalog spatial "Korea (South) Economic policy 1960-".
- catalog spatial "Korea (South) Economic policy 1960-1988.".
- catalog spatial "Korea (South) Economic policy 1988-2002.".
- catalog spatial "Korea (South)".
- catalog spatial "Philippines Economic policy.".
- catalog spatial "Philippines.".
- catalog subject "320.95195 21".
- catalog subject "JQ1725.A55 K36 2002".
- catalog subject "Political corruption Korea (South)".
- catalog subject "Political corruption Philippines.".
- catalog tableOfContents "The puzzle and the theory -- Comparing Korea and the Philippines -- Institutions: bureaucrats and rulers -- Mutual hostages in Korea -- Bandwagoning politics in the Philippines -- Democracy in the 1980s and the financial crisis of 1997 -- Conclusion: corruption and development.".
- catalog title "Crony capitalism : corruption and development in South Korea and the Philippines / David C. Kang.".
- catalog type "text".