Capitalism in South Korea, 1945-2025 : compressed development, decompression, and diverging convergence / Keun Lee, Djun Kil Kim

Format:

Book

Author/Creator:

Lee, Keun, 1960- author.

Kim, Chun-gil, 1940- author.

Language:

English

Subjects (All):

Capitalism--Korea (South).

Capitalism.

Korea (South)--Economic policy.

Korea (South).

Korea (South)--Economic conditions.

Economic policy.

Economic history.

Physical Description:

1 online resource : illustrations

illustration

Place of Publication:

New York, NY : Oxford University Press, [2026]

Summary:

'Capitalism in South Korea, 1945-2025' provides an interdisciplinary and analytical account of the evolution of South Korea since 1945. This book employs a framework of 'compressed development, decompression, and convergence' to better understand Korea's turbulent journey, which has been marked by economic miracles, crises, and, more recently, a slowdown in growth and rising inequality. The book begins by defining 'decompression' as political democratization and economic liberalization while demonstrating that economic achievements under the regime of compressed growth enabled the emergence of a Korean middle class that demanded political freedom, facilitating a peaceful transition to democracy in the late 1980s

Contents:

Compressed development beyond the middle-income trap (MIT)

From compressed growth to socio-political decompression : gradual starts and the radical unfolding of democratization

Economic decompression, crisis, and further decompression

From decompression to diverging convergence : defining the variety of capitalism in Korea

Reflections and future prospects

Notes:

Includes bibliographical references and index

Online resource; title from home page (Oxford Academic, viewed August 26, 2026)

Other Format:

Print version: Capitalism in South Korea, 1945-2025

ISBN:

9780197853016

0197853013

9780197852996

0197852998

OCLC:

1593673520

Publisher Number:

CIPO000401104

Access Restriction:

Restricted for use by site license