Market and Society in Korea: Interest, Institution and the Textile Industry (Routledge Advances in Korean Studies)

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Assessing the roles of capital, labour, and state, McNamara discovers a distinctive style of interest bargaining to bridge uncertainties and foster entrepreneurship. The textile industry serves as a microcosm of the broader social changes of the past five decades. Dramatic transitions from family firms to professional capitalism, from state direction to regulation, and from company unions to industry federations take centre stage. Moving among executives, labour leaders, and state officials, the author charts development across the crucible of contending interests. Stretching from high technology to labour-intensive production, the textile industry offers a new profile of democratization and market liberalization, and recently of globalization and adjustment in the wake of the Asian Financial Crisis.
The first comprehensive review of the past and present of a leading sector, the volume offers a new interpretation of society and market in South Korea. Drawing insights from the New Economic Sociology, this study sheds new light on social systems of production in the South Korean Miracle. Contrasts with Thailand and Japan bring the Korean experience of interest contention into a comparative context of Asian capitalism.

Market and Society in Korea: Interest, Institution and the Textile Industry (Routledge Advances in Korean Studies) Review

I am writing my thesis on the textile and apparel industry in Italy and South Korea, analyzing differences and similarities, as well as managerial, marketing and labor aspects. This book is very well written and analyzes in depth how the South Korean industry developed itself from the 50s and the close relationship between government and companies-conglomerates "Chaebols" dominating the textile industry. It's the perfect book to start studying about the textile industry in a "newly-developed" Asian country. I personally have been to South Korea last semester, because I won a scholarship, so I've studyied and lived there for 4 months in order to gather informations for my thesis. I also visited some textile companies and interviewed with some managers who told me their personal experience and facts about the industry development. Most of the information Ihave been given is contained in this book "Market and Society in Korea".

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