oligarchy

Seoul, South Korea's capital city © Clint Sharp via Flick (CC BY-NC-SA 2.0)

Success beyond Gangnam Style

With a strong state, powerful industries and high innovation spending South Korea provides a model for managing globalization. Yet Korea also shows some of the dangers of national oligarchy and over-centralization. South Korea today faces economic and political headwinds as strong as any country in Asia, with faltering domestic consumption and struggling exports in the face of slowing […]