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Political economy of Korean development after liberation : A critical reflection

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Frame of Image Now, social and economic advancement has been set as a policy goal. This dual revolution bears significance not only for modern Korean history but for world economic history during the post-war era. However, it is misleading to focus only on the positive aspects of Korean development. A balanced and reflexive viewpoint encompassing both the bright and dark sides of Korean development is required. This paper pays attention to the specific characteristics of Korean development as a form of cold war, anticommunist capitalism, and then emphasizes the importance of power relations, interests, and events. By doing so, this paper aims to transcend linear evolutionism as well as the free market-state dichotomy, and offers a coherent analysis of both the successes and structural contradictions inherent to Korean development following liberation. Keywords: colonial modernization, social market economy, cold war anticommunist capitalism, 1953 regime, developmental state, economic liberalization, the 1997 financial crisis, neoliberal restructuring, polarization, Korea-U.S. FTA Lee Byeong Cheon (Yi, Byeong-cheon) is a professor in the Department of Economics and International Trade at Kangwon National University. He received his Ph.D. in Economics from Seoul National University. He is also director of the Institute of Participatory Society and editor-in-chief of the journal Simin-gwa segye (Citizen and World). His publications include Developmental Dictatorship and the Park Chung-Hee Era:


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Title Political economy of Korean development after liberation
Similar Titles
Sub Title

A critical reflection
Material Type Article
Author(English)

Lee,Byeong Cheon

Publisher

[Seoul],[South Korea] : Korea Journal
Date 2017
Journal Title; Vol./Issue Korea Journal:vol.46(no.3)
Pages 16
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < General
Economy < Economic Conditions
Holding Korea Journal
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