Marxist Perspectives on South Korea in the Global Economy

Marxist Perspectives on South Korea in the Global Economy
Author: Martin Hart-Landsberg
Publisher: Taylor & Francis
Total Pages: 287
Release: 2017-03-02
Genre: Business & Economics
ISBN: 135191958X

This volume brings together work by international scholars to provide a unique analysis of the past, present and possible future trajectory of Korea's political economy from a distinctly Marxist perspective. The volume differentiates the Marxian approach to the political economy of Korean development from the Keynesian, social democratic approach that currently dominates the critical literature. In doing so the volume provides a unique view of the development of the South Korean Economy.

Marxist Perspectives on South Korea in the Global Economy

Marxist Perspectives on South Korea in the Global Economy
Author: Martin Hart-Landsberg
Publisher: Routledge
Total Pages: 275
Release: 2017-03-02
Genre: Business & Economics
ISBN: 1351919571

This volume brings together work by international scholars to provide a unique analysis of the past, present and possible future trajectory of Korea's political economy from a distinctly Marxist perspective. The volume differentiates the Marxian approach to the political economy of Korean development from the Keynesian, social democratic approach that currently dominates the critical literature. In doing so the volume provides a unique view of the development of the South Korean Economy.

The State, Class and Developmentalism in South Korea

The State, Class and Developmentalism in South Korea
Author: Hae-Yung Song
Publisher: Routledge
Total Pages: 334
Release: 2019-10-16
Genre: Political Science
ISBN: 1000725774

This book problematises the statist underpinnings of the concept of the ‘developmental state,’ in terms of both state–society and national–global relations, challenging the notion that the state is the agent of national development qua being autonomous from the domestic and global economies. Presenting a thorough and comprehensive critical assessment of the extant approaches and theories of the Korean developmental state in particular, this book demonstrates that the existing literature, including Marxist critiques, only inadequately and partially challenge statism. It examines how statism reinforces and is reinforced by ‘Third World Developmentalism’, the idea that ‘development’ is in itself a positive goal and that a nationally autonomous mode of development should be promoted as a means of empowerment. In opposition, this book offers a critique of statism by constructing an alternative theoretical framework, extending Marx’s concept of commodity fetishism to state–society and national–global relations. Drawing on a new theoretical framework and significant Korean literature, The State, Class and Developmentalism in South Korea offers a novel historical interpretation and critique of the developmental state in the Korean context. As such, it will be useful to students and scholars of Asian studies, Development Studies and International Political Economy.

Confronting Global Neoliberalism

Confronting Global Neoliberalism
Author: Patrick Bond
Publisher: SCB Distributors
Total Pages: 270
Release: 2011-02-28
Genre: Political Science
ISBN: 0983353956

With the world’s attention fixed on the travails of leading global economies due to a still unfolding financial crisis of gigantic proportions, there has been a studied silence on the fate of the third world as the malaise increasingly impacts it. This silence is particularly disturbing because questions of potential pitfalls in the neoliberal policy package, which the third world (unlike Western Europe and Japan) was largely forced to adopt, were never countenanced. as One third world state after another discovered that international institutions were in effect hostile to their governments if they chose alternative developmental models or otherwise resisted the neoliberal triage of liberalization, privatization and deregulation. This collection is a tour de force, effectively countering not only the neoliberal ideology of development as a whole but the marginalizing within today’s mainstream crisis discourse of any discussion of the monstrous misallocation of global resources wrought by the so-called “Washington Consensus” and the suffering and destruction it has wreaked on third world peoples and economies. This edited volume is intended as both a textbook for introductory classes in global development or area studies and as a conduit for advanced students, policymakers, NGO activists and an educated readership to gain knowledge about the socio-economic conditions existing across much of the world we live in, and the policies that brought them about. The specially commissioned and peer reviewed chapters are written by experts in the fields of economics, politics, sociology and international studies. Chapter authors hail from around the world including: Brazil, Mexico, Canada, United States, United Kingdom, South Africa, South Korea and Thailand. The countries/regions’ neoliberal experience and potential futures covered in this book are: Brazil, China, Cuba, Egypt, Mexico, Southeast Asia (Indonesia, Malaysia and Vietnam), South Africa, South Korea, Syria, Thailand and Venezuela.

Capitalist Globalization

Capitalist Globalization
Author: Martin Hart-Landsberg
Publisher: NYU Press
Total Pages: 223
Release: 2013-06
Genre: Business & Economics
ISBN: 1583673539

“Globalization,” surely one of the most used and abused buzzwords of recent decades, describes a phenomenon that is typically considered to be a neutral and inevitable expansion of market forces across the planet. Nearly all economists, politicians, business leaders, and mainstream journalists view globalization as the natural result of economic development, and a beneficial one at that. But, as noted economist Martin Hart-Landsberg argues, this perception does not match the reality of globalization. The rise of transnational corporations and their global production chains was the result of intentional and political acts, decisions made at the highest levels of power. Their aim – to increase profits by seeking the cheapest sources of labor and raw materials – was facilitated through policy-making at the national and international levels, and was largely successful. But workers in every nation have paid the costs, in the form of increased inequality and poverty, the destruction of social welfare provisions and labor unions, and an erratic global economy prone to bubbles, busts, and crises. This book examines the historical record of globalization and restores agency to the capitalists, policy-makers, and politicians who worked to craft a regime of world-wide exploitation. It demolishes their neoliberal ideology – already on shaky ground after the 2008 financial crisis – and picks apart the record of trade agreements like NAFTA and institutions like the WTO. But, crucially, Hart- Landsberg also discusses alternatives to capitalist globalization, looking to examples such as South America’s Bolivarian Alliance for the Americas (ALBA) for clues on how to build an international economy based on solidarity, social development, and shared prosperity.

The Marx Revival

The Marx Revival
Author: Marcello Musto
Publisher: Cambridge University Press
Total Pages: 431
Release: 2020-06-18
Genre: Social Science
ISBN: 1108850766

The planet is in deep trouble because of capitalism, and Karl Marx, freed from the chains of “real socialism”, is being rediscovered all around the world as the thinker who provided us with its most insightful critique. The Marx Revival is the best, most complete and most modern guide to Marx's ideas that has appeared since the fall of the Berlin Wall. Written by highly reputed international experts, in a clear form accessible to a wider public, it brings together the liveliest and most thought-provoking contemporary interpretations of Marx's work. It presents what he actually wrote in respect of 22 key concepts, the areas that require updating as a result of changes since the late-nineteenth century, and the reasons why it is still of such relevance in today's world. The result is a collection that will prove indispensable both for specialists and for a new generation approaching Marx's work for the first time.

Seoul, Korea's Global City

Seoul, Korea's Global City
Author: Kyoung-Ho Shin
Publisher: Routledge
Total Pages: 114
Release: 2020-05-27
Genre: Political Science
ISBN: 1351347454

Seoul, as one of Asia’s rising global cities, has been a place where enormous changes in politics, industry, and culture have taken place over the last five decades. This book explores the new urbanism in Seoul from the perspective of global political economy, focusing on the contexts in which the city has witnessed the transformation of its population structure, such as the rise of the global urban middle class and the city’s increased nodal function in commodity chains. The burgeoning signs of Seoul’s status as a global city are discussed in terms of transnational tourism and the frequency of study abroad, the immigrant community, and cross-border cultural flows. Examining the labour structures within the city, economic growth policy, the role of advanced information technology, and neoliberal urban development, the authors also examine the local response in the city to its emerging status. A study of the development of the Korean capital and its deep embeddedness in the world economy, Seoul, Korea’s Global City will appeal to scholars of sociology, geography and economics with interests in political economy, urban studies and Asian studies.

Han Unbound

Han Unbound
Author: John Lie
Publisher: Stanford University Press
Total Pages: 282
Release: 1998
Genre: Political Science
ISBN: 9780804740159

Because the author sees South Korean development as contingent on a variety of particular circumstances, he ranges widely to include not only the information typically gathered by sociologists and political economists, but also insights gained from examining popular tastes and values, poetry, fiction, and ethnography, showing how all of these aspects of South Korean life help elucidate his main themes.

The Korean Economy

The Korean Economy
Author: You-il Lee
Publisher: Routledge
Total Pages: 113
Release: 2019-05-01
Genre: Business & Economics
ISBN: 135134823X

The Korean Economy: From Growth to Maturity takes an in-depth, amalgamated look at the evolution of Korea’s globalization drive from the early 2000s (Kim Dae-jung regime, 1998–2003) to the present period (Park Geun-hye, 2013–2017). The book discusses the role of foreign companies on the sustainability of Korea’s economic growth, the relationship between the chaebol and the MNCs, the evolution of Korea's nation brand, and the role of the state in Korea’s new economic trajectory (globalization) since the 2000s. With data collected from fieldwork, the book provides both empirical and qualitative insights (economic, socio-cultural and political economic analysis) into the Korean political economy and would be a very useful reference to other emerging economies experiencing similar globalization paths.

Vicious Circuits

Vicious Circuits
Author: Joseph Jonghyun Jeon
Publisher: Stanford University Press
Total Pages: 316
Release: 2019-03-12
Genre: Performing Arts
ISBN: 1503608468

In December of 1997, the International Monetary Fund announced the largest bailout package in its history, aimed at stabilizing the South Korean economy in response to a credit and currency crisis of the same year. Vicious Circuits examines what it terms "Korea's IMF Cinema," the decade of cinema following that crisis, in order to think through the transformations of global political economy at the end of the American century. It argues that one of the most dominant traits of the cinema that emerged after the worst economic crisis in the history of South Korea was its preoccupation with economic phenomena. As the quintessentially corporate art form—made as much in the boardroom as in the studio—film in this context became an ideal site for thinking through the global political economy in the transitional moment of American decline and Chinese ascension. With an explicit focus of state economic policy, IMF cinema did not just depict the economy; it also was this economy's material embodiment. That is, it both represented economic developments and was itself an important sector in which the same pressures and changes affecting the economy at large were at work. Joseph Jonghyun Jeon's window on Korea provides a peripheral but crucial perspective on the operations of late US hegemony and the contradictions that ultimately corrode it.