Confucian capitalism of Park Chung Hee: Possibilities and limits

Abstract

Until very recently, debate has been ongoing as to whether integration between capitalism and Confucianism can be achieved. We now have a clear answer to this question. Numerous examples-the economic prosperity of Japan, followed by the remarkable economic development in Korea, Taiwan, Singapore, and Hong Kong, and the more recent economic booms in China and Vietnam-show that Confucianism can be incorporated into capitalism. The two philosophies have found a fruitful common ground even as scholars continued to wrestle with this matter.