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Crisis and Restructuring in East Asia: The Case of the Korean Chaebol and the Automotive Industry

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Management number 233592226 Release Date 2026/06/27 List Price US$37.63 Model Number 233592226
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This book criticizes the widespread view that the 1997 Asian crisis was due to 'crony capitalism' and puts the blame instead on misguided liberalization. It analyzes the case of Korea's business conglomerates, the chaebol, with particular attention to the car industry, to show how liberalization contributed to the crisis even at the level of the firm. It shows how those firms that had developed innovative capabilities survived the crisis much better than those that had merely expanded into markets opened up by liberalization. Read more

ISBN10 1403938148
ISBN13 978-1403938145
Language English
Publisher Palgrave Macmillan
Dimensions 5.68 x 0.85 x 8.8 inches
Item Weight 1.1 pounds
Print length 309 pages
Publication date July 20, 2004

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