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Year 2013, Volume: 27 Issue: 4, 272 - 302, 28.08.2013

Abstract

The right strategy for economic development and actors in industrialization are two important issues for developing countries. The role of state and private sector in investments characterize the national economic system of a country. Whether state should invest in national industry as a sole actor or has a role of facilitator and controller is a significant issue discussed earlier by political economists. Turkey and Korea are good examples to show how the degree of government intervention can influence the formation entrepreneur class and establishment of private industries. This paper will try to compare and analyze main political economy of Turkey and Korea from earlier years of proclamation of republics to 1990s. Special focus will be given to causes and effects of economic crisis on national political economy.

References

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  • Amsden, A. H. (1989) Asia’s Next Giant: South Korea and Late Industrialization, Oxford University Press, Oxford.
  • Ashton, D., Green, F., James, D. and Sung, J. (1999) Education and Training for Development in East Asia: The Political Economy of Skill Formation in East Asian Newly Industrialised Economies, Routledge, London.
  • Bakan, S. and Bırdışlı, F. (2010). “The Analysis of Nationalism, Statism, State Nationalism and State Economy in Turkey’s Modernisation Process: Comparing the Nation State of Europe to the State Nationalism in Turkey”, Süleyman Demirel Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 15 (1), pp. 357-376.
  • Bayar, A. H. (1996) “The Developmental State and Economic Policy in Turkey”, Third World Quarterly, 17 (4), pp. 773-785.
  • Boratav, K. (2008) Türkiye İktisat Tarihi 1908-2007, İmge Kitabevi, Ankara.
  • Boratav, K. (1983) ‘Türkiye’de Devletçilik”, Cumhuriyet Dönemi Türkiye Ansiklopedisi’, v. 2, İletişim Yay., İstanbul.
  • Burmeister, L. L. (1990) “State, Industrialization and Agricultural Policy in Korea’, Development and Change, 21, pp. 197–223.
  • Campos, J. E., Root, L. and Hilton, L. (1996) The Key to Asian Miracle: Making Shared Growth Credible, Brookings Institution Press, Washington DC.
  • Castells, M. (1992) “Four Asian Tigers With a Dragon Head: A Comparative Analysis of the State, Economy, and Society in the Asian Pacific Rim”, R. Appelbaum and J. Henderson (eds.), States and Development in the Asia Pacific Rim, Sage, London.
  • Clifford, M. (1998) Troubled Tiger: Businessmen, Bureaucrats, and Generals in South Korea, M.E. Sharpe, New York.
  • Cho, D. S., 1992. ‘From Subsidizer to Regulator - the Changing Role of Korean Government’, Long Range Planning, 25 (6): 48-55.
  • Chung, K. H., Lee, H. C. and Jung, K. H. (1997) Korean Management: Global Strategy and Cultural Transformation, Walter de Gruyter, New York.
  • Ener, M. and Demircan, E. S. (2007) “Müdahaleci Devlet Anlayışının Erozyonu: Maliye Politikalarında Değişim – Türkiye Örneği”, Karamanoğlu Mehmetbey Üniversitesi Sosyal ve İktisat ve Ekonomik Araştırmalar Dergisi, 9 (13), pp. 205-234.
  • Hiç, M. and Gencer, A. H. (2009) Turkish Economy and Politics: From 1923, the Foundation of the Republic until 2002, Beykent University Press, İstanbul.
  • Johnson, C. (1982) MITI and The Japanese Miracle: The Growth of Industrial Policy, 1925-1975, Stanford University Press, California.
  • Jones, L. P. and Il S. K. (1980) Government, Business, and Entrepreneurship in Economic Development, Harvard University Press, Cambridge MA.
  • Keyder, Ç. (1987) State and Class in Turkey: A Study in Capitalist Development, Verso, London.
  • Kim, C. K. (2008) Korea’s Development Policy Experience and Implications for Developing Countries, Korea Institute for International Economic Policy, Seoul.
  • Laroui, A. (1993) Tarihselcilik ve Gelenek, trans.: H. Bacanlı, Vadi Yay, Ankara.
  • Laurance, H. (1999) “Financial System Reform and the Currency Crisis in East Asia”, Asian Survey, 39 (2), pp. 348-373.
  • Lee, C. H. (1999) “Institutions and Economic Development”, Hiemenz Ulric (ed.), Development Centre Seminars Growth and Competition in the New Global Economy, OECD Publishing, Paris.
  • Lim, H. C., 2009. “Stumbling Democracy in South Korea: The Impact of Globalization and Restructuring”, Yun Shik Chang, Seok Hyun-Ho and L. Baker Donald (eds.), Korea Confronts Globalization, Routledge, New York.
  • Mardin, Ş. (1999) Türkiye’de Toplum ve Siyaset, İletişim Yay, İstanbul.
  • Okyar, O. (1979) “Development Backgraund of the Turkish Economy, 19231973”, International Journal of Middle East Studies, 10 (3), pp. 325-344. Öniş, Z. (2010) “Crises and Transformations in Turkish Political Economy”, Turkish Policy Quarterly, 9 (3), pp. 45-61.
  • Özmen, S. (1983) “Üretimde Devlet: Kamu İktisadi Teşebbüsleri”, Cumhuriyet Dönemi Türkiye Ansiklopedisi, v. 2, İletişim Yay, İstanbul.
  • Sakong I. (1993) Korea in the World Economy, Institute for International Economics, Washington DC.
  • Shapiro, H. and Taylor, L. (1990) “The State and Industrial Strategy”, World Development, 18(6), pp. 861-878.
  • Song, B. N. (1990) The Rise of the Korean Economy, Oxford University Press, Oxford.
  • Wade, R. (190). Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization, Princeton University Press, New Jersey. Weiss, L. and Hobson, J. M. (1999) Devletler ve Ekonomik Kalkınma, Dost Kitabevi, Ankara.
  • Wook, J. J. (2004) “The Effect of Institutional Mechanisms under the Uncertain Environment: The Case of the Venture Firm Recognition System in South Korea and Its Implications for the Failure of Institutions”, Development and Society, 33(1), pp. 123-145.
  • Yenal, O. (2001) Cumhuriyet’in İktisat Tarihi, Creative Yay, Ankara

A COMPARATIVE ANALYSIS OF TURKISH AND KOREAN POLITICAL ECONOMY: ECONOMIC CRISIS PERSPECTIVE

Year 2013, Volume: 27 Issue: 4, 272 - 302, 28.08.2013

Abstract

References

  • Aktan, C. C. (1991) “Turkey: from Inward-Oriented Etatism to OutwardLooking Liberal Strategy”, Turkish Public Administration Annual, (1719), pp. 55-85.
  • Amsden, A. H. (1989) Asia’s Next Giant: South Korea and Late Industrialization, Oxford University Press, Oxford.
  • Ashton, D., Green, F., James, D. and Sung, J. (1999) Education and Training for Development in East Asia: The Political Economy of Skill Formation in East Asian Newly Industrialised Economies, Routledge, London.
  • Bakan, S. and Bırdışlı, F. (2010). “The Analysis of Nationalism, Statism, State Nationalism and State Economy in Turkey’s Modernisation Process: Comparing the Nation State of Europe to the State Nationalism in Turkey”, Süleyman Demirel Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 15 (1), pp. 357-376.
  • Bayar, A. H. (1996) “The Developmental State and Economic Policy in Turkey”, Third World Quarterly, 17 (4), pp. 773-785.
  • Boratav, K. (2008) Türkiye İktisat Tarihi 1908-2007, İmge Kitabevi, Ankara.
  • Boratav, K. (1983) ‘Türkiye’de Devletçilik”, Cumhuriyet Dönemi Türkiye Ansiklopedisi’, v. 2, İletişim Yay., İstanbul.
  • Burmeister, L. L. (1990) “State, Industrialization and Agricultural Policy in Korea’, Development and Change, 21, pp. 197–223.
  • Campos, J. E., Root, L. and Hilton, L. (1996) The Key to Asian Miracle: Making Shared Growth Credible, Brookings Institution Press, Washington DC.
  • Castells, M. (1992) “Four Asian Tigers With a Dragon Head: A Comparative Analysis of the State, Economy, and Society in the Asian Pacific Rim”, R. Appelbaum and J. Henderson (eds.), States and Development in the Asia Pacific Rim, Sage, London.
  • Clifford, M. (1998) Troubled Tiger: Businessmen, Bureaucrats, and Generals in South Korea, M.E. Sharpe, New York.
  • Cho, D. S., 1992. ‘From Subsidizer to Regulator - the Changing Role of Korean Government’, Long Range Planning, 25 (6): 48-55.
  • Chung, K. H., Lee, H. C. and Jung, K. H. (1997) Korean Management: Global Strategy and Cultural Transformation, Walter de Gruyter, New York.
  • Ener, M. and Demircan, E. S. (2007) “Müdahaleci Devlet Anlayışının Erozyonu: Maliye Politikalarında Değişim – Türkiye Örneği”, Karamanoğlu Mehmetbey Üniversitesi Sosyal ve İktisat ve Ekonomik Araştırmalar Dergisi, 9 (13), pp. 205-234.
  • Hiç, M. and Gencer, A. H. (2009) Turkish Economy and Politics: From 1923, the Foundation of the Republic until 2002, Beykent University Press, İstanbul.
  • Johnson, C. (1982) MITI and The Japanese Miracle: The Growth of Industrial Policy, 1925-1975, Stanford University Press, California.
  • Jones, L. P. and Il S. K. (1980) Government, Business, and Entrepreneurship in Economic Development, Harvard University Press, Cambridge MA.
  • Keyder, Ç. (1987) State and Class in Turkey: A Study in Capitalist Development, Verso, London.
  • Kim, C. K. (2008) Korea’s Development Policy Experience and Implications for Developing Countries, Korea Institute for International Economic Policy, Seoul.
  • Laroui, A. (1993) Tarihselcilik ve Gelenek, trans.: H. Bacanlı, Vadi Yay, Ankara.
  • Laurance, H. (1999) “Financial System Reform and the Currency Crisis in East Asia”, Asian Survey, 39 (2), pp. 348-373.
  • Lee, C. H. (1999) “Institutions and Economic Development”, Hiemenz Ulric (ed.), Development Centre Seminars Growth and Competition in the New Global Economy, OECD Publishing, Paris.
  • Lim, H. C., 2009. “Stumbling Democracy in South Korea: The Impact of Globalization and Restructuring”, Yun Shik Chang, Seok Hyun-Ho and L. Baker Donald (eds.), Korea Confronts Globalization, Routledge, New York.
  • Mardin, Ş. (1999) Türkiye’de Toplum ve Siyaset, İletişim Yay, İstanbul.
  • Okyar, O. (1979) “Development Backgraund of the Turkish Economy, 19231973”, International Journal of Middle East Studies, 10 (3), pp. 325-344. Öniş, Z. (2010) “Crises and Transformations in Turkish Political Economy”, Turkish Policy Quarterly, 9 (3), pp. 45-61.
  • Özmen, S. (1983) “Üretimde Devlet: Kamu İktisadi Teşebbüsleri”, Cumhuriyet Dönemi Türkiye Ansiklopedisi, v. 2, İletişim Yay, İstanbul.
  • Sakong I. (1993) Korea in the World Economy, Institute for International Economics, Washington DC.
  • Shapiro, H. and Taylor, L. (1990) “The State and Industrial Strategy”, World Development, 18(6), pp. 861-878.
  • Song, B. N. (1990) The Rise of the Korean Economy, Oxford University Press, Oxford.
  • Wade, R. (190). Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization, Princeton University Press, New Jersey. Weiss, L. and Hobson, J. M. (1999) Devletler ve Ekonomik Kalkınma, Dost Kitabevi, Ankara.
  • Wook, J. J. (2004) “The Effect of Institutional Mechanisms under the Uncertain Environment: The Case of the Venture Firm Recognition System in South Korea and Its Implications for the Failure of Institutions”, Development and Society, 33(1), pp. 123-145.
  • Yenal, O. (2001) Cumhuriyet’in İktisat Tarihi, Creative Yay, Ankara
There are 32 citations in total.

Details

Primary Language Turkish
Journal Section Makaleler
Authors

Gökhan Karsan

Erhan Atay

Publication Date August 28, 2013
Published in Issue Year 2013 Volume: 27 Issue: 4

Cite

APA Karsan, G., & Atay, E. (2013). A COMPARATIVE ANALYSIS OF TURKISH AND KOREAN POLITICAL ECONOMY: ECONOMIC CRISIS PERSPECTIVE. Atatürk Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 27(4), 272-302.

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