Jump to ContentJump to Main Navigation
Developmental MindsetThe Revival of Financial Activism in South Korea$
Users without a subscription are not able to see the full content.

Elizabeth Thurbon

Print publication date: 2016

Print ISBN-13: 9781501702525

Published to Cornell Scholarship Online: August 2016

DOI: 10.7591/cornell/9781501702525.001.0001

Show Summary Details

Return of Development Bankers

Return of Development Bankers

Chapter:
(p.111) 8 Return of Development Bankers
Source:
Developmental Mindset
Author(s):

Elizabeth Thurbon

Publisher:
Cornell University Press
DOI:10.7591/cornell/9781501702525.003.0008

This chapter describes the return of development bankers and financial activism in Korea under President Lee Myung-bak. It pays particular attention to the snowballing domestic and international pressures that led Lee to intensify the balanced growth strategy of his predecessor and relatedly to pursue an ambitious financial activism agenda. The most significant pressures involved intensifying competitive challenges, which were amplified in 2008 by a hike in global oil prices, growing climate change concerns, and the onset of the global financial crisis. A key aim of Lee was to create an army of globally competitive midsized firms, labeled “Korean Hidden Champions,” which were viewed as the key to Korea's future techno-industrial success.

Keywords:   development bankers, financial activism, Korea, Lee Myung-bak, global oil prices, climate change, global financial crisis, Korean Hidden Champions

Cornell Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.