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Industrialization and the formation of the new middle class in Korea

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  • Industrialization and the formation of the new middle class in Korea
  • Lee, Jung-Whan
  • Seoul National University(Population and Development Studies Center)


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Title Industrialization and the formation of the new middle class in Korea
Similar Titles
Material Type Articles
Author(English)

Lee, Jung-Whan

Publisher

[Seoul]:Seoul National University(Population and Development Studies Center)

Date 1994-07
Journal Title; Vol./Issue Korea Journal of Population and Development:vol. 23(no. 1)
Pages 20
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < General
Holding Seoul National University

Abstract

The main objective of this paper is to expand the study of the new middle class both theoretically and empirically through an understanding of the ways in which Korea's unique development processes affect its formation. Throughout the last three decades, Korea underwent a deepening industrialization accompanying a rapid accumulation of capital, complex differentiation of industrial structure, and the expansion of social and economic organizations. With a rapid industrialization, the form and nature of the new middle class in Korea had quite different features from those found in the industrialized Western societies or Latin American countries. During the past three decades, the Korean new middle class grew significantly, especially in the manufacturing and private sectors, and experienced weak proletarianization. The Korean case challenges the Marxian historical theory and the Marxian conception of the new middle class which insist that the capitalist accumulation process results in proletarianization and polarization of class structure, accompanying a withering new middle class.