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Market and Society in Korea – Interest, Institution and the Textile Industry.

Dennis McNamara. Market and Society in Korea – Interest, Institution and the Textile Industry.. London: Routledge Press, 2002.

What can we explain the remarkable blend of cooperation and competition between business and state that fostered Korea’s economic growth? What role did labor play? Moving among executives, labor leaders, and government officials, the author discovers a variety of interest bargaining, stretching from clientelism to corporatism, and today to contract relations. This mosaic of different forms of trust, or “syncretic capitalism,” emerges across five decades of Korea’s textile industry.

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