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Crisis and Restructuring in East Asia

The Case of the Korean Chaebol and the Automotive Industry

Crisis and Restructuring in East Asia by Seung-il Jeong
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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 firm level. 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.
Palgrave Macmillan; July 2004
310 pages; ISBN 9780230510982
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Title: Crisis and Restructuring in East Asia
Author: Seung-il Jeong
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