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Korea’s Post-1997 Restructuring: An Analysis of Capital as Power (Postprint)

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  • Park, Hyeng-Joon

Abstract

[This paper is a postprint of an article published by the Review of Radical Political Economics (0486613415594147, first posted on August 20, 2015 as doi:10.1177/0486613415594147, and later published in Volume 42, Number 2, May, pp. 287-309).] 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

  • 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.
    • Handle: RePEc:zbw:espost:157790
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    References listed on IDEAS

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    1. Nitzan, Jonathan & Bichler, Shimshon, 2009. "Capital as Power. A Study of Order and Creorder," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 157973, July.
    2. 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.
    3. Joseph E. Stiglitz, 1989. "Markets and Development," NBER Working Papers 2961, National Bureau of Economic Research, Inc.
    4. 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.
    5. Wade, Robert, 1998. "The Asian debt-and-development crisis of 1997-?: Causes and consequences," World Development, Elsevier, vol. 26(8), pages 1535-1553, August.
    6. 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.
    7. Stiglitz, Joseph E, 1989. "Markets, Market Failures, and Development," American Economic Review, American Economic Association, vol. 79(2), pages 197-203, May.
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