Korea's Developmental Alliance: State, capital and the politics of rapid development, 1st Edition (Paperback) book cover

Korea's Developmental Alliance

State, capital and the politics of rapid development, 1st Edition

By David Hundt


176 pages

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South Korea is often cited as a case of miraculous transformation from poverty to prosperity. Korea’s achievement of moving from one of the world’s poorest countries as recently as the early 1960s to the ranks of the ten biggest economies only four decades later has rightly attracted interest from policymakers and scholars alike.

This book identifies the factors that shaped relations between the state and big business in Korea, the ‘developmental alliance’. These factors offer a cogent framework in which to identify and predict changes in power relations between government and business. Rather than merely offering a means of explaining the rapid-growth phase of Korean development, the politics of the developmental alliance also help us understand how and why the Korean miracle turned to crisis in 1997 and why the subsequent recovery has been so uneven. In this way, the book highlights the political power of business, which is often underplayed in discussions of the development of Korea. It also sheds light on the constraints on policymakers during modernisation, and how power is shared among a small number of powerful parties.

Illustrating the tumultuous politics of the ‘developmental alliance’ between business and government during the rise and decline of South Korea’s economic miracle, this book is an essential read for anyone interested in Korean politcs, economics and development,


"It offers a descriptive introduction to an important issue in Korean/East Asia politics/political economy." - Richard Westra, Pukyong National University, Pusan South Korea; Journal of Contemporary Asia, Vol. 40 No. 4 (2010)

Table of Contents

Introduction: The developmental alliance and Korean Development 1. Korea in the Political Economy Literature 2. The Dynamics of the Developmental Alliance 3. Priming for Takeoff 4. Forming the Developmental Alliance 5. The Developmental Alliance in Flux 6. Re-aligning the Alliance 7. The Alliance in Retrospect

About the Author

David Hundt is Lecturer in International Relations at Deakin University, Australia.

About the Series

Routledge Advances in Korean Studies

Korea is currently experiencing its most significant transformations since the end of the Korean war. This series is a showcase for the latest research on North and South Korea. The series is interdisciplinary in its focus.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / International / Economics
POLITICAL SCIENCE / Economic Conditions
SOCIAL SCIENCE / Ethnic Studies / General
SOCIAL SCIENCE / Regional Studies