Focuses on the paradox of development in the newly industrializing country of South Korea.This book debunks the rosy success story about South Korean economic development by analyzing how the state and businesses formed an alliance, while excluding labor, in order to attain economic development, and how these three entities were transformed in the process. The author analyzes the paradox of South Korean development from 1960 to 1990--a period during which the country experienced dramatic social, economic, and political changes. By reexamining South Korea's development through the collaboration and conflict between the state and the chaebol (big businesses), she illuminates the inherent limitations and problems of the developmental state."…Kim succeeds in telling a non-neoclassical story of economic success in South Korea. She skillfully highlights the developmental importance of recognizing the long-term roles of the neo-classical features required in individual state and business institutions, but, also, she recognizes the importance of admitting that institutional change is gradual and not instantaneous." — H-Net Reviews (H-Business)"Among the many books that have been written on Korea's "economic miracle," none does a better job than this one of chronicling the growth of the giant industrial conglomerates that have come to dominate the Korean economy and setting out the evolution of their relations to the state. Eun M