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From miracle to crisis and back : The political economy of South Korean long-term development

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  • From miracle to crisis and back
  • GRINBERG,NICOLAS
  • Taylar & Francis Group


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Title From miracle to crisis and back
Similar Titles
Sub Title

The political economy of South Korean long-term development

Material Type Article
Author(English)

GRINBERG,NICOLAS

Publisher

[Abingdon],[U.K] : Taylar & Francis Group

Date 2014
Journal Title; Vol./Issue Journal of Contemporary Asia:vol.44(no.4)
Pages 25
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < General
Economy < Economic Conditions
Government and Law < Political Science
Holding The University of Utah
License

Abstract

This article analyses the process of economic development and associated political transformations in South Korea since the mid-1960s. It claims that, as in the rest of East Asia, capital accumulation in South Korea has revolved around the production of specific industrial goods for world markets using the relatively cheap and highly disciplined local workforce for simplified labour processes, as appendages of the machine or in manual assembly operations. This modality of accumulation resulted from changes in the forms of production of relative surplus value on a global scale through the development of computerisation and robotisation, and the concomitant transformation in the productive attributes of the collective worker of large-scale industry.