Jamal Awil

← Trust - Making and Breaking Cooperative…

State-led economic cooperation lacks durable trust and may collapse. [speculation]

Nevertheless, even if it is conceded that the government of the ROK has in this way overcome what might otherwise have been an economically debilitating vicious circle, it cannot be said that it has created trust. On the contrary. And it is indeed perfectly possible that if and when the present pattern of rule changes in the country, as Chun Doohwan intends it to do in 1988, existing cooperations and the successful economic organization which depends on them could dissolve or even collapse.

XREF: Contrasts with later developmental-state literature on South Korean industrialization, and foreshadows the 1988 democratic transition questions. QUESTION: Interesting question: did Korean economic cooperation actually dissolve after Chun's rule change in 1988, or persist through institutionalization?

Diego Gambetta, Trust - Making and Breaking…, loc. 1655