IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v41y2004i12p2395-2414.html
   My bibliography  Save this article

Debt Restructuring and the Politics of Exclusion: A Case Study of the Daewoo Motor Bupyeong Plants in Incheon, South Korea

Author

Listed:
  • Yong-Sook Lee

    (Department of Geography, National University of Singapore, 1 Arts Link, Singapore 117570, geolys@nus.edu.sg)

Abstract

This paper examines the politics of inclusion and exclusion in the debt restructuring of the South Korean motor vehicle industry and shows how the contested process of exclusion operates through the politics of forgetting. It focuses on the power relations among multiple actors involved in the debt restructuring of a bankrupt auto company, Daewoo Motor Company, in order to understand the politics of exclusion and forgetting as a series of complex multiscalar processes. In order to analyse power relations among multiple actors at different geographical scales, this study examines these actors' conflicting economic and political interests, ideologies, positions, strategies, resources and effectiveness of their power. The study shows that the politics of inclusion and exclusion derives not only as a result of global external forces but also from conscious policy choices made by multiple actors at different geographical scales. This paper offers an alternative angle to the binary view of the relationship among scales-global, national and local.

Suggested Citation

  • Yong-Sook Lee, 2004. "Debt Restructuring and the Politics of Exclusion: A Case Study of the Daewoo Motor Bupyeong Plants in Incheon, South Korea," Urban Studies, Urban Studies Journal Limited, vol. 41(12), pages 2395-2414, November.
    • Handle: RePEc:sae:urbstu:v:41:y:2004:i:12:p:2395-2414
    DOI: 10.1080/00420980412331297591
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1080/00420980412331297591
    Download Restriction: no
    File URL: https://libkey.io/10.1080/00420980412331297591?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. Chang, Ha-Joon, 1998. "Korea: The misunderstood crisis," World Development, Elsevier, vol. 26(8), pages 1555-1561, August.
    2. Henry Wai-chung Yeung, 2002. "The Limits to Globalization Theory: A Geographic Perspective on Global Economic Change," Economic Geography, Taylor & Francis Journals, vol. 78(3), pages 285-305, July.
    3. Bae-Gyoon Park, 2003. "Politics of Scale and the Globalization of the South Korean Automobile Industry," Economic Geography, Taylor & Francis Journals, vol. 79(2), pages 173-194, April.
    4. Chang, Ha-Joon & Park, Hong-Jae & Yoo, Chul Gyue, 1998. "Interpreting the Korean Crisis: Financial Liberalisation, Industrial Policy and Corporate Governance," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(6), pages 735-746, November.
    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. Bernd Hayo & Doh Shin, 2002. "Popular Reaction to the Intervention by the IMF in the Korean Economic Crisis," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 5(2), pages 89-100.
    2. David Hundt, 2005. "A Legitimate Paradox: Neo-liberal Reform and the Return of the State in Korea," Journal of Development Studies, Taylor & Francis Journals, vol. 41(2), pages 242-260.
    3. Andrews, Matthew, 2008. "Are One-Best-Way Models of Effective Government Suitable for Developing Countries?," Working Paper Series rwp08-014, Harvard University, John F. Kennedy School of Government.
    4. Jihwan Kim, 2018. "Dissonance between formal and informal housing capital: The case of Korea," Environment and Planning A, , vol. 50(6), pages 1171-1188, September.
    5. Ha-Joon Chang & Ali Cheema & L. Mises, 2002. "Conditions For Successful Technology Policy In Developing Countries—Learning Rents, State Structures, And Institutions," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 11(4-5), pages 369-398.
    6. Kinkyo, Takuji, 2007. "Explaining Korea's Lower Investment Levels After the Crisis," World Development, Elsevier, vol. 35(7), pages 1120-1133, July.
    7. Philip Arestis, 2002. "Financial crisis in Southeast Asia: dispelling illusion the Minskyan way," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 26(2), pages 237-260, March.
    8. Chang, Ha-Joon, 2000. "The Hazard of Moral Hazard: Untangling the Asian Crisis," World Development, Elsevier, vol. 28(4), pages 775-788, April.
    9. Gary Dymski & James Crotty, 2000. "Can the Global Neoliberal Regime Survive Victory in Asia? The Political Economy of the Asian Crisis," Published Studies ps5, Political Economy Research Institute, University of Massachusetts at Amherst.
    10. Yong-Sook Lee & Brenda S. A. Yeoh, 2004. "Introduction: Globalisation and the Politics of Forgetting," Urban Studies, Urban Studies Journal Limited, vol. 41(12), pages 2295-2301, November.
    11. Ha-Joon Chang & Chul-Gyue Yoo, 1999. "The Triumph of the Rentiers? The 1997 Korean Crisis in a Historical Perspective," SCEPA working paper series. 1999-05, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    12. Chang, Pilwah., 1998. "The impact of the economic crisis on women workers in the Republic of Korea : social and gender dimensions," ILO Working Papers 993340743402676, International Labour Organization.
    13. repec:ilo:ilowps:334074 is not listed on IDEAS
    14. Haider A. Khan, 2004. "General Conclusions: From Crisis to a Global Political Economy of Freedom," Palgrave Macmillan Books, in: Global Markets and Financial Crises in Asia, chapter 9, pages 193-211, Palgrave Macmillan.
    15. Khan, Haider, 2013. "Global Financial Governance: Towards a New Global Financial Architecture for Averting Deep Financial Crises," MPRA Paper 49275, University Library of Munich, Germany.
    16. Philippe DULBECCO, 2000. "The Dynamics of the Institutional Change and the Market Economy: An Austrian Analysis," Working Papers 200010, CERDI.
    17. Talamo, Giuseppina, 2010. "Corporate governance and capital flows," MPRA Paper 35853, University Library of Munich, Germany, revised 2011.
    18. Alexandr Akimov & Brian Dollery, 2010. "Financial Sector Reforms in Indonesia and South Korea in 1980s and Early 1990s," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 9(1), pages 25-49, April.
    19. Chang Woon Nam, 2008. "What Happened to Korea Ten Years Ago?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 9(4), pages 69-73, December.
    20. Jiho Jang, 2003. "Economic Crisis and its Consequences," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 62(1), pages 51-70, April.
    21. Haider Ali Khan, 2002. "The Extended Panda's Thumb and a New Global Financial Architecture," CIRJE F-Series CIRJE-F-163, CIRJE, Faculty of Economics, University of Tokyo.

    More about this item

    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:urbstu:v:41:y:2004:i:12:p:2395-2414. 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.gla.ac.uk/departments/urbanstudiesjournal .

    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.