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Return Of Marxian Macro-Dynamics In East Asia

Editor

Listed:
  • M. Ishikura, S. Jeong, and M. Li
    (Gyeongsang National University, South Korea)

Abstract

The economic growth in East Asia has been believed to be the model case of the triumph of capitalism. Some progressive economists, for example, the developmental state theorists, also praised the East Asian model as the progressive alternative to neoliberal market fundamentalism, arguing that they are the outcomes of state-led development. However, with the sudden advent of the 'Lost Decade of Japan' in the 1990s, and the ensuing 'IMF Crisis' of South Korea in 1997, and now the imminent 'hard landing' of the Chinese economy, the East Asian miracle story is quickly becoming a thing of the past. East Asia has now become an epicentre of the contradictions and crisis of global capitalism. Today, deepening economic crises, exacerbation of social polarization, rising popular discontents, and escalating geopolitical tensions are common to China, Japan and Korea. Moreover, East Asia has been at the centre of global ecological contradictions. Indeed, East Asia has now become the typical place of Marxian macro-dynamics. This important and timely volume brings together experts in political economy from across the globe, to comment on the return of Marxian macro-dynamics in East Asia. The contributions explore macro-dynamics, the role of the state and hegemony in the context of transnational capitalism, and Marxian alternatives for East Asia.

Suggested Citation

  • M. Ishikura, S. Jeong, and M. Li (ed.), 2017. "Return Of Marxian Macro-Dynamics In East Asia," RESEARCH IN POLITICAL ECONOMY, Paul Zarembka, volume 32, number volm32a, April.
  • Handle: RePEc:rpe:volume:volm32a
    as

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    More about this item

    Keywords

    Macro-dynamics; East Asia; Chinese economy; Japanese economy; Korean economy;
    All these keywords.

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • P10 - Economic Systems - - Capitalist Systems - - - General
    • P17 - Economic Systems - - Capitalist Systems - - - Performance and Prospects

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