The political economy of crisis management in the Third World: a comparative study of South Korea and Taiwan (1970s).

From: Pacific Affairs | Date: December 22, 1994| Author: Jeon, Jei Guk | Copyright information

The governments of Third World countries respond to politico-economic crises either by imposing emergency rule or by fostering progressive democratization. In response to crises in their countries in the 1970s, Park Chung Hee imposed emergency rule in South Korea, while Taiwan's Kuomintang regime adopted progressive democratization. Emergency rule produced irrevocable crisis in South Korea in the long term, whereas democratization in Taiwan led to sustained political stability and economic pr...

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