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This book examines the responses to U.S. power in the two areas of
the world where U.S. primacy was first successfully consolidated:
East Asia and Latin America. The U.S. has faced no comparably
powerful challengers to the exercise of its power in Latin America
for much of the past century. It established its primacy over much
of East Asia in the aftermath of WW II and extended its influence
in the late 1970's and after the end of the Vietnam War through its
entente with China to balance the Soviet Union. By contrast, the
U.S. has always encountered rivals and challengers in Europe, has
attempted unsuccessfully thus far to impose its primacy in the
Middle East, and has paid only intermittent attention to South Asia
and Africa.
This book examines the responses to U.S. power in the two areas of
the world where U.S. primacy was first successfully consolidated:
East Asia and Latin America. The U.S. has faced no comparably
powerful challengers to the exercise of its power in Latin America
for much of the past century. It established its primacy over much
of East Asia in the aftermath of WW II and extended its influence
in the late 1970's and after the end of the Vietnam War through its
entente with China to balance the Soviet Union. By contrast, the
U.S. has always encountered rivals and challengers in Europe, has
attempted unsuccessfully thus far to impose its primacy in the
Middle East, and has paid only intermittent attention to South Asia
and Africa.
South Korea remains a puzzle for political economists. The country has experienced phenomenal economic growth since the 1960s, but its upward trajectory has been repeatedly diverted by serious systemic crises, followed by spectacular recoveries. The recoveries are often the result of vigorous structural reforms that nonetheless retain many of South Korea's traditional economic institutions. How, then, can South Korea suffer from persistent systemic instability and yet prove so resilient? What remains the same and what changes? The contributors to this volume consider the South Korean economy in its larger political context. Moving beyond the easy dichotomies --equilibrium vs. disequilibrium and stability vs. instability --they describe a complex and surprisingly robust economic and political system. Further, they argue that neither systemic challenges nor political pressures alone determine South Korea's stability and capacity for change. Instead, it is distinct patterns of interaction that shape this system's characteristics, development, and evolution.
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