TY - BOOK ID - 77861435 TI - Crony capitalism PY - 2002 SN - 1107124654 1280421401 0511176058 0511041918 0511156782 0511304234 0511606176 0511044550 9780511041914 0521808170 9780521808170 052100408X 9780521004084 9780511606175 9780511044557 9780511156786 9786610421404 6610421404 9781280421402 9780511176050 9780511304231 9781107124653 PB - Cambridge New York Cambridge University Press DB - UniCat KW - Political corruption KW - Korea (South) KW - Philippines KW - Economic policy KW - Economic policy. KW - Social Sciences KW - Political Science UR - https://www.unicat.be/uniCat?func=search&query=sysid:77861435 AB - Why has the literature on Asian development not addressed the issue of money politics in Korea? How can we reconcile the view of an efficient developmental state in Korea before 1997 with reports of massive corruption and inefficiency in that same country in 1998 and 1999? Politics is central to the answer. In this book the author makes two arguments. First, both Korea and the Philippines experienced significant corruption throughout the post-independence era. Second, political - not economic - considerations dominated policy making in both countries. Focusing on the exchange of favors for bribes between state and business, the author argues that politics drove policy choices, that bureaucrats were not autonomous from political interference in setting policy, and that business and political elites wrestled with each other over who would reap the rents to be had. Even in Korea, corruption was far greater than the conventional wisdom allows. ER -