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Repositioning the Hong Kong GovernmentSocial Foundations and Political Challenges$
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Stephen Chiu and Siu Lun Wong

Print publication date: 2012

Print ISBN-13: 9789888083497

Published to Hong Kong Scholarship Online: September 2012

DOI: 10.5790/hongkong/9789888083497.001.0001

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PRINTED FROM HONG KONG SCHOLARSHIP ONLINE (www.hongkong.universitypressscholarship.com). (c) Copyright Hong Kong University Press, 2021. An individual user may print out a PDF of a single chapter of a monograph in HKSO for personal use.date: 17 September 2021

State-market realignment in post-crises east asia

State-market realignment in post-crises east asia

From GNP developmentalism to welfare developmentalism?

Chapter:
(p.45) 2 State-market realignment in post-crises east asia
Source:
Repositioning the Hong Kong Government
Author(s):

Alvin Y. So

Stephen Wing-kai Chiu

Publisher:
Hong Kong University Press
DOI:10.5790/hongkong/9789888083497.003.0003

Using theoretical framework expounded by Evans in Chapter 1, this chapter examines how a classic developmental state – South Korea – has, in the wake of the 1997-8 Asian financial crisis, transformed itself from an ailing crony state into a participatory democracy through simultaneously reinvigorating civil society, restoring markets, and strengthening the role of the state. These processes have further empowered the chaebols (large diversified family-owned conglomerates), while democratization has weakened the foundations of a developmental state based on authoritarianism and repression of civil society. This case study provides a helpful comparative model for Hong Kong.

Keywords:   South Korea, Development, State, Asian Financial Crisis, Civil Society, Chaebols, Democratization, Hong Kong, Authoritarianism

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