Cover -- Preface -- Acknowledgements -- Table of Contents -- List of Figures -- List of Tables -- Abbreviations and Acronyms -- Chapter 1: The Economic Crisis in South Korea as a Transformation Crisis of its Political and Economic Culture -- 1.1 Competing explanations for the economic crisis and the role of transformation theory -- 1.2 Outline of the book -- PART 1 THE INSTITUTIONAL CHALLENGE AND THE TRANSFORMATION OF TRANSITION THEORY -- Chapter 2: Toward a More General Theory of Transformation -- 2.1 Introduction -- 2.2 The development of transition studies - an overview -- 2.3 The role of heterodox approaches to transformation theory -- 2.4 A reformulation of transformation theory -- 2.5 Toward a new research agenda for transformation theory -- Chapter 3: Institutional Competition and External Constraints to Transformation -- 3.1 Introduction -- 3.2 The theory of institutional competition - a brief overview -- 3.3 Transformation and institutional competition after 1989 -- 3.4 EU policies as constraints for EU accession of CEE -- 3.5 Outlook - some results and an agenda for future research -- Chapter 4: Area Studies and the Theory of Economic Transformation - from Uneasy Coexistence to Integration? -- 4.1 Area studies and social sciences - an uneasy coexistence -- 4.2 The 'area studies debate' revisited -- 4.3 A reformulated theory of institutional change as a framework for area-related economic analysis -- 4.4 Conclusion: Toward the integration of area studies and social sciences research -- PART 2 THE KOREAN FINANCIAL AND ECONOMIC CRISIS - A SHORT REVIEW -- Chapter 5: A Review of Five Years of DJnomics: Understanding the Economic Crisis in South Korea as a Transformation Crisis of its Political and Economic Culture -- 5.1 The Korean economic crisis and reform process - an overview.

5.2 Transformation, the market for institutions and the viability of economic systems -- 5.3 The Korean crisis as a transformation of the economic and political system -- Chapter 6: The Interdependence of Economic and Political Systems: Comparing the Cases of Malaysia, Indonesia and Korea -- 6.1 Introduction - a comparative view of the Asian crisis and the role of the interdependence of order -- 6.2 Malaysia - walling-off as answer to the crisis -- 6.3 Indonesia - from economic crisis to political chaos -- 6.4 Korea - the economic crisis and its political impact -- 6.5 The interdependence of economic systems and the reform paradox -- Chapter 7: 'Big Deals' - Competition Policy as an Answer for the Korean Crisis -- 7.1 Chaebol in the Korean economy before the crisis -- 7.2 Crisis of chaebol and 'big deals' -- 7.3 Continued chaebol reform in the aftermath of the crisis -- 7.4 Competition policy and the lessons of the Asian crisis -- Chapter 8: Korea's Economic Development Between the Asian Crisis and the International Financial Crisis 2008-2010 -- 8.1 Macroeconomic developments in Korea in the aftermath of the crisis -- 8.2 Korea enters the global governance scene - the successful hosting of the G20 summit -- PART 3 TRANSFORMATION AND THE RELATIONS BETWEEN EXTERNAL AND INTERNAL INSTITUTIONS - INSTITUTIONAL CHANGE IN KOREAN MONETARY POLICY AFTER THE EAST ASIAN CRISIS -- Chapter 9: Central Bank Independence and Monetary Policy After the Asian Crisis - the Case of South Korea -- 9.1 Introduction - monetary policy debates -- 9.2 Institutional imitation and institutional performance - an application to Korean monetary policy -- 9.3 The Bank of Korea and South Korean monetary policy - an overview -- Chapter 10: Central Bank Independence in Korea Before and After the Crisis -- 10.1 The concept of central bank independence.

10.2 The development of central bank independence in Korea 1950-1997 -- 10.3 Central bank independence and monetary policy since the financial crisis -- 10.4 From 'gatekeeper of growth' to 'gatekeeper of stability'? -Changes in the BOK Act and the Korean market for political decisions -- 10.5 Conclusion: Central bank independence, the transformation of economic systems and three scenarios for the BOK -- PART 4 COGNITIVE MODELS AND THE CHANGING PERCEPTION OF FDI AFTER THE CRISIS -- Chapter 11: Cognitive Models and Self-Perceptions and the Role of Korea's History -- 11.1 History wars in East Asia and the self-perception of Koreans -- 11.2 La mémoire collective, cognitive models, identity and self-perception -- 11.3 Stereotypes in the self-perception of Koreans -- 11.4 Three examples of the role of national stereotypes: Economic nationalism, relations with Japan and relations with China -- 11.5 Final reflections: Identity and identity policy and economic and cultural development -- Chapter 12: FDI Policy and the Perception of Korea's Economic Model Before and After the Financial and Economic Crisis -- 12.1 The Asian crisis as the turning point in Korean FDI policy -- 12.2 FDI and economic policy in South Korea - an overview -- 12.3 The market for institutions model and FDI in the Korean economy -- 12.4 The perception of FDI in South Korea - empirical results -- 12.5 The lasting success of Korea's FDI policy after the crisis and some theoretical conclusions -- Chapter 13: From Ethnocentrism and Cultural Nationalism to Globalization and Hallyu (Korean Wave) -- 13.1 Culture as the core of economic nationalism in Korea -- 13.2 Culture, globalization and the Korean Wave -- 13.3 Outlook - will Korean culture survive in a globalized world? -- PART 5 INSTITUTIONAL COMPETITION, EAST ASIAN INTEGRATION AND KOREA'S FUTURE IN THE WORLD ECONOMY.

Chapter 14: Trajectories of Economic Integration in East Asia During the Kim Dae-Jung Government -- 14.1 Introduction: Economic integration in East Asia and the crisis -- 14.2 The geo-political situation of Northeast Asia and East Asian economic integration -- 14.3 Perspectives of Trade Integration and Factor Market Integration in East Asia -- 14.4 Perspectives of Monetary and Macroeconomic Coordination in East Asia -- 14.5 Conclusion -- Chapter 15: The option of Bilateral Free Trade Agreements -- 15.1 Introduction - why did bilateral agreements fare so well after the Asian crisis? -- 15.2 The difficulties of coming to terms with neighbours - the Japan-Korea Free Trade Agreement -- 15.3 Concluding FTAs in other world regions - the EU-Korea FTA -- 15.4 Conclusion - bilateral agreements as the finale of trade integration, or as a stepping stone to regional integration? -- Chapter 16: Economic integration in the Kim Dae-Jung and Roh Moo-Hyun era - Korea as the "hub of East-Asia"? -- 16.1 Korea as a "hub of East Asia" and the Singapore benchmark -- 16.2 The Chinese experience - becoming a hub by opening special investment zones? -- Chapter 17: The quest for an Optimum Integration Area and the future of Korea in East Asia -- 17.1 Introduction -- 17.2 Some observations on the size of states and integration areas - is there an optimum integration area? -- 17.3 Toward comprehensive East Asian regionalism? Some reflections on the issues of size and composition of an East Asian community -- 17.4 The role of Korea in East Asian economic integration and the goal of Korean unification -- 17.5 Conclusion -- Chapter 18: After the dust settled … -- References.