IDEAS home Printed from https://ideas.repec.org/a/sae/reorpe/v48y2016i2p287-309.html
   My bibliography  Save this article

Korea’s Post-1997 Restructuring

Author

Listed:
  • Hyeng-Joon Park

Abstract

This paper aims to transcend current debates on Korea’s post-1997 restructuring, which rely on a dichotomy between domestic industrial capital and foreign financial capital, by adopting Nitzan and Bichler’s capital-as-power perspective. Based on this approach, the paper analyzes Korea’s recent political economic restructuring as the latest phase in the evolution of capitalist power and its transformative regimes of capital accumulation.

Suggested Citation

  • Hyeng-Joon Park, 2016. "Korea’s Post-1997 Restructuring," Review of Radical Political Economics, Union for Radical Political Economics, vol. 48(2), pages 287-309, May.
    • Handle: RePEc:sae:reorpe:v:48:y:2016:i:2:p:287-309
    DOI: 10.1177/0486613415594147
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0486613415594147
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0486613415594147?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Nitzan, Jonathan & Bichler, Shimshon, 2002. "The Global Political Economy of Israel," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 157972, September.
    2. Nitzan, Jonathan & Bichler, Shimshon, 2009. "Capital as Power. A Study of Order and Creorder," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 157973, September.
    3. Joseph E. Stiglitz, 1989. "Markets and Development," NBER Working Papers 2961, National Bureau of Economic Research, Inc.
    4. James Crotty & Kang-Kook Lee, 2009. "Was IMF-Imposed Economic Regime Change in Korea Justified? The Political Economy of IMF Intervention," Review of Radical Political Economics, Union for Radical Political Economics, vol. 41(2), pages 149-169, June.
    5. Bichler, Shimshon & Nitzan, Jonathan, 2002. "New Economy or Transnational Ownership? The Global Political Economy of Israel," EconStor Preprints 157818, ZBW - Leibniz Information Centre for Economics.
    6. Stiglitz, Joseph E, 1989. "Markets, Market Failures, and Development," American Economic Review, American Economic Association, vol. 79(2), pages 197-203, May.
    7. Bichler, Shimshon & Nitzan, Jonathan, 2014. "How Capitalists Learned to Stop Worrying and Love the Crisis," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 66, pages 65-73.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. Bichler, Shimshon & Nitzan, Jonathan, 2020. "Growing through Sabotage: Energizing Hierarchical Power," Review of Capital as Power, Capital As Power - Toward a New Cosmology of Capitalism, vol. 1(5), pages 1-78.
    3. Nitzan, Jonathan & Bichler, Shimshon, 2019. "CasP's 'Differential Accumulation' versus Veblen's 'Differential Advantage' (Revised and Expanded)," Working Papers on Capital as Power 2019/01, Capital As Power - Toward a New Cosmology of Capitalism.
    4. Di Muzio, Tim & Dow, Matthew, 2016. "Uneven and Combined Confusion: On the Geopolitical Origins of Capitalism and the Rise of the West," Working Papers on Capital as Power 2016/03, Capital As Power - Toward a New Cosmology of Capitalism.
    5. Debailleul, Corentin & Bichler, Shimshon & Nitzan, Jonathan, 2018. "Theory and Praxis, Theory and Practice, Practical Theory," Review of Capital as Power, Capital As Power - Toward a New Cosmology of Capitalism, vol. 1(3), pages 40-57.
    6. Hager, Sandy Brian, 2013. "Public Debt, Ownership and Power: The Political Economy of Distribution and Redistribution," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 157991, September.
    7. Di Muzio, Tim & Dow, Matthew, 2017. "Uneven and Combined Confusion: On the Geopolitical Origins of Capitalism and the Rise of the West," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 30(1), pages 3-22.
    8. Bichler, Shimshon & Nitzan, Jonathan, 2012. "Capital as Power: Toward a New Cosmology of Capitalism," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 61, pages 65-84.
    9. Baines, Joseph, 2014. "The Ethanol Boom and the Restructuring of the Food Regime," Working Papers on Capital as Power 2014/03, Capital As Power - Toward a New Cosmology of Capitalism.
    10. Mouré, Christopher, 2022. "No Shortage of Profit: Technological Change, Chip 'Shortages', and Capital Accumulation in the Semiconductor Business," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 262742, September.
    11. Baines, Joseph, 2015. "Fuel, Feed and the Corporate Restructuring of the Food Regime," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 42(2), pages 295-321.
    12. Di Muzio, Tim, 2016. "Energy, Capital as Power and World Order," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 267-287.
    13. Nitzan, Jonathan & Bichler, Shimshon, 2018. "Arms and Oil in the Middle East: A Biography of Research," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 30(3), pages 418-440.
    14. Baines, Joseph, 2015. "Price and Income Dynamics in the Agri-Food System: A Disaggregate Perspective," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 157992, September.
    15. Cochrane, David Troy, 2015. "What’s Love Got to Do with It? Diamonds and the Accumulation of De Beers, 1935-55," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 157995, September.
    16. Bichler, Shimshon & Nitzan, Jonathan, 2023. "Inflation as Redistribution. Creditors, Workers, Policymakers," Working Papers on Capital as Power 2023/01, Capital As Power - Toward a New Cosmology of Capitalism.
    17. Renzi, Alessandra, 2011. "From Collectives to Connectives: Italian Media Activism and the Repurposing of the Social," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 214894, September.
    18. Levi, Tia & Israel, Emil & Grubman, Max, 2024. "Power (Re)distribution: How Dominant Capital Regained Control of the Energiewende," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue Online Fi, pages 1-33.
    19. Mouré, Christopher, 2023. "Technological Change and Strategic Sabotage: A Capital as Power Analysis of the US Semiconductor Business," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 103, pages 26-55.
    20. Baines, Joseph & Hager, Sandy Brian, 2023. "Rentiership and Intellectual Monopoly in Contemporary Capitalism: Conceptual Challenges and Empirical Possibilities," EconStor Preprints 270981, ZBW - Leibniz Information Centre for Economics.

    More about this item

    Keywords

    differential accumulation; dominant capital; chaebols; transnationalization; strategic sabotage;
    All these keywords.

    JEL classification:

    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:reorpe:v:48:y:2016:i:2:p:287-309. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.urpe.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.