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The Social Structure of Accumulation in South Korea: Upgrading or Crumbling?

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  • Seongjin Jeong

    (Department of Economics, Gyeongsang National University, Chinju 660-701, South Korea, seongjin@gshp.gsnu.ac.kr)

Abstract

By applying the theory of the social structure of accumulation (SSA), this paper attempts to explain Korea's 30-year economic boom and its present structural crisis. The economic downturn of 1989-92 is interpreted as the beginning of the crisis. The neoliberal economic policies of the Korean government since the 1980s are shown to be far short of establishing the new SSA needed to overcome the current structural problems and restore prosperity.

Suggested Citation

  • Seongjin Jeong, 1997. "The Social Structure of Accumulation in South Korea: Upgrading or Crumbling?," Review of Radical Political Economics, Union for Radical Political Economics, vol. 29(4), pages 92-112, December.
    • Handle: RePEc:sae:reorpe:v:29:y:1997:i:4:p:92-112
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    Cited by:

    1. Kang-Kook Lee, 2010. "The Change of the Financial System and Developmental State in Korea," Working Papers id:3307, eSocialSciences.
    2. Park, Hyeng-Joon, 2016. "Korea’s Post-1997 Restructuring: An Analysis of Capital as Power (Postprint)," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 287-309.
    3. Park, Hyeng-Joon & Doucette, Jamie, 2016. "Financialization or Capitalization? Debating Capitalist Power in South Korea in the Context of Neoliberal Globalization," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 40(3), pages 533-554.

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