Market and Society in Korea: Interest, Institution, and the Textile Industry (Routledge advances in Korean studies ; 2)

Assessing The Roles Of Capital, Labour, And State, Mcnamara Discovers A Distinctive Style Of Interest Bargaining To Bridge Uncertainties And Foster Entrepreneurship. The Textile Industry Serves As A Microcosm Of The Broader Social Changes Of The Past Five Decades. Dramatic Transitions From Family Firms To Professional Capitalism, From State Direction To Regulation, And From Company Unions To Industry Federations Take Centre Stage. Moving Among Executives, Labour Leaders, And State Officials, The Author Charts Development Across The Crucible Of Contending Interests. Stretching From High Technology To Labour-intensive Production, The Textile Industry Offers A New Profile Of Democratization And Market Liberalization, And Recently Of Globalization And Adjustment In The Wake Of The Asian Financial Crisis. The First Comprehensive Review Of The Past And Present Of A Leading Sector, The Volume Offers A New Interpretation Of Society And Market In South Korea. Drawing Insights From The New Economic Sociology, This Study Sheds New Light On Social Systems Of Production In The South Korean Miracle. Contrasts With Thailand And Japan Bring The Korean Experience Of Interest Contention Into A Comparative Context Of Asian Capitalism. "How did industrial structures in textiles evolve in the absence of sophisticated market-supporting institutions? Assessing the roles of capital, labour, and state, Dennis McNamara discovers a distinctive style of interest bargaining to bridge uncertainties and foster entrepreneurship. The textile industry serves as a microcosm of the broader social changes of the past five decades. Dramatic transitions from family firms to professional capitalism, from state direction to regulation, and from company unions to industry federations take centre stage. Moving among executives, labour leaders, and state officials, the author charts development across the crucible of contending interests. Stretching from high technology to labour-intensive production, the textile industry offers a new profile of democratization and market liberalization, and recently of globalization and adjustment in the wake of the Asian financial crisis."--BOOK JACKET Book Cover......Page 1 Title......Page 4 Contents......Page 5 List of tables......Page 8 List of abbreviations......Page 10 Introduction......Page 12 Market and society......Page 17 Industry formation, 1945 60......Page 35 Industry growth, 1961 79......Page 57 Industry maturity, 1980 2000......Page 86 Capital......Page 116 State......Page 141 Labor......Page 163 Conclusion......Page 180 Notes......Page 199 Bibliography......Page 234 Index......Page 257 South Korea survived the IMF crisis once again confounding her critics despite a series of crises and a credit guarantee of $58 billion.