This paper contributes to the understanding of the diversity of capitalism by combining approaches from comparative political economy and development studies, notably developmental state theory. We show that different types of capitalism react differently to global shocks and offer some support...

The global financial and economic crisis since 2008 has demonstrated the importance of East Asia for global economic governance. Global problems like volatile financial markets, erratic exchange rates and global economic imbalances cannot be solved without the region that produces huge trade...

This article is a case study of the political economy of bank restructuring, privatization and market liberalization in the South Korean banking sector since the 1997/1998 financial crisis. We show that the most crucial factor in that post-crisis bank restructuring was the quick and massive...