Sea jin chang argues that the korean financial crisis of 1997 was due to the inertia of both the business groups known as chaebols and the korean government which prevented adaptation to changing external environments once the korean government stopped central economic planning and pursued economic liberalization in the 1980s the transition created a void under which neither the government nor markets could monitor chaebols investment activities the intricate web of cross shareholding . Financial crisis and transformation of korean business groups the rise and fall of chaebols sea jin chang korea university iii p1 glb cy106 chang fm cy106 chang november 14 2002 725 char count 0 published by the press syndicate of the university of cambridge the pitt building trumpington street cambridge united kingdom cambridge university press the edinburgh building cambridge cb2 . Financial crisis and transformation of korean business groups the rise and fall of chaebols chang sea jin isbn 9780521814355 kostenloser versand fur alle bucher mit versand und verkauf duch amazon. Financial crisis and transformation of korean business groups the rise and fall of chaebols amazonde chang sea jin fremdsprachige bucher. This book explores the strategies that chaebols korean business groups have pursued by examining their structures and assessing their performance it highlights the strengths of chaebols that enable their fast growth as well as the weaknesses that waylaid them when the 1999 asian crisis occurred sea jin chang asserts that the korean governments restructuring efforts have not been
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