Visible Success And Invisible Failure In Post-Crisis Reform In The Republic Of Korea : Interplay Of The Global Standards, Agents, And Local Specificity (original) (raw)

The reform in post-crisis Korea represented a significant shift, achieving nominal success in legislative changes and economic stabilization. However, it revealed a dichotomy of visible success with persistent underlying failures, contributing to weak investment and slow growth. The study underscores the tension between global standards and local contexts, highlighting the effects of political interests and institutional weaknesses on implementation, and calls for a realignment of reform goals towards growth-oriented strategies.