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State-civil society synergy and cooptation: The case of the minority shareholder movement in Korea

Title
State-civil society synergy and cooptation: The case of the minority shareholder movement in Korea
Authors
Kalinowski T.
Ewha Authors
Thomas Kalinowski
SCOPUS Author ID
Thomas Kalinowskiscopus
Issue Date
2008
Journal Title
Korea Observer
ISSN
0023-3919JCR Link
Citation
vol. 39, no. 3, pp. 339 - 367
Indexed
SSCI; SCOPUS; KCI WOS scopus
Abstract
In this essay, we argue that state-civil society synergy is a powerful driving force for economic change. Only the combination of public policies and civil society engagement ensure an efficient implementation of reforms. We illustrate this argument with the case of the politically motivated minority shareholder movement that was a crucial factor in the reform of large business conglomerates in Korea since the 1997/98 Asian Financial Crisis. However, we also found that the results of civil society activity in the minority shareholder movement were mixed. The movement was successful where interest overlapped with profit-oriented shareholders, but failed in cases wherein broader political goals and comprehensive structural reforms were envisioned. The originally political minority shareholder movement became depoliticized and was successively co-opted by the dynamics of shareholder capitalism. © 2008 by The Institute of Korean Studies.
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국제대학원 > 국제학과 > Journal papers
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