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The Political Economy of Heavy Industrialization: The Heavy and Chemical Industry (HCI) Push in South Korea in the 1970s

Published online by Cambridge University Press:  13 April 2005

YUMI HORIKANE
Affiliation:
Department of Political Science, Meiji University

Extract

Korea under the Park regime (1961–1979) is known as a typical example of the East Asian developmental state. Many students of development, both economists and political scientists, have studied it, producing a substantial accumulation of knowledge. However, most writers have, in fact, focused on the policies and politics of the first half of the era. The second half was, politically, a notoriously authoritarian dictatorship, through which the regime strongly pushed its controversial heavy and chemical industrialization program. This program is frequently criticized for being based upon irrational industrial targeting that generated great inefficiency in the economy. The explanation for such irrational policy has been attributed to politics, or the authoritarian nature of the regime, which actually does not explain much.

Type
Research Article
Copyright
© 2005 Cambridge University Press

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Footnotes

This paper is based on the research conducted for my Ph.D. dissertation submitted to the University of Cambridge in December 2000. I wish to express my sincere gratitude to the Foundation for Advanced Studies on International Development (FASID), Japan, for its generous financial support. I would also like to thank many Korean former/current policy-makers who kindly spared their precious time for me in my often lengthy interviews.