According to Woo-Cummings in the ‘developmental state’, argued that East Asian governments in twentieth century emphasized economic development in order to survive from depression, post-war reconstruction and independence from the US assistance.
Moreover, Woo-Cummings demonstrated that “state control of finance was the linchpin of the developmental state, followed by labor relations, autonomy of the economic bureaucracy, the combination of incentives and command structures, and the existence of the Korean Chaebol”