The state institutions and the large industrial conglomerates such as determinate structural change in South Korea

Authors

  • Iván Darío Hernández Umaña Universidad Nacional
  • Luis Arturo Rosado Salgado Universidad Nacional

Keywords:

Autonomy, embedded, industrial conglomerates, corporate governance, institutions, rule labor, crony capitalism

Abstract

This paper aims to find out sufficient conditions for implying structural change. It examines experiences of South Korea and Colombia around late industrialization to comparative purposes before and after economic openness, through two periods: 1960-1990 and 1991-2007. It shows that quality of state’s institutions and corporate governance systems, allows carry out successful structural change.

Author Biographies

Iván Darío Hernández Umaña, Universidad Nacional

Ph. D. en Economía, University of Manchester, Reino Unido. Director de la
tesis doctoral y profesor del doctorado de Ciencias Económicas, Universidad
Nacional de Colombia en Bogotá. Director del Grupo de Investigación de
Economía Evolucionista e Institucional.

Luis Arturo Rosado Salgado, Universidad Nacional

Ph. D. en Ciencias Económicas, magíster en Economía y profesor asociado,
Universidad Nacional de Colombia en Manizales. Director del Grupo de
Investigación sobre Corporate Governance, Tecnología y Complejidad (COGOTECOMPLEX)
Portada

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Published

2022-03-25

Issue

No. 5: JAN-JUN 2010

Section

Science article

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