Simultaneous Transitions: Democratization, Neoliberalization, and Possibilities for Class Compromise in South Korea
AbstractThe purpose of this paper is to bring class compromise back into the study of South Korean political economy and present it as a possible alternative to the overwhelmingly one-sided neoliberal trajectory in South Korea. The process and conditions under which positive class compromise is acquired are identified in terms of the Polanyi-Gramsci nexus. This perspective suggests that the restoration of state-led developmentalism would be unfeasible under a democratic regime, while the implementation of a purely neoliberal blueprint may lead to unproductive class conflict. Employing this theoretical framework, I examine possibilities for positive class compromise in the context of the simultaneous transitionsâ€”democratization and neoliberalizationâ€”in South Korea. JEL classification: B5, H7, O53, P5
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Bibliographic InfoArticle provided by Union for Radical Political Economics in its journal Review of Radical Political Economics.
Volume (Year): 42 (2010)
Issue (Month): 4 (December)
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class compromise; neoliberalism; democratization; developmental state; Polanyi; Gramsci;
Find related papers by JEL classification:
- B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
- H7 - Public Economics - - State and Local Government; Intergovernmental Relations
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
- P5 - Economic Systems - - Comparative Economic Systems
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