Marxist Perspectives on South Korea in the Global Economy

This volume brings together work by international scholars to provide a unique analysis of the past, present and possible future trajectory of Korea's political economy from a distinctly Marxist perspective. The volume differentiates the Marxian approach to the political economy of Korean development from the Keynesian, social democratic approach that currently dominates the critical literature. In doing so the volume provides a unique view of the development of the South Korean Economy. Contents: Preface; Introduction; Marxist perspectives on South Korea in the global economy, Martin Hart-Landsberg, Seongjin Jeong and Richard Westra; Part 1 Marxian Method and South Korean Capitalism: Introduction; Trend of Marxian ratios in Korea: 1970-2003, Seongjin Jeong; Uneven development of the rates of surplus value: the case of South Korea, Dong-Min Rieu; State, market, and stages of capitalism in South Korean development, Richard Westra. Part 2 The South Korean Economy in Global Perspective: Introduction; China and the dynamics of transnational capital accumulation, Martin Hart-Landsberg and Paul Burkett; Changing patterns of accumulation and realization in East Asia since the 1990s, Joseph Halevi and Peter Kriesler. Part 3 The South Korean Economy in Historical Perspectives: Introduction; Land reform and capitalist development in Korea, Sang-Hwan Jang; A critical appraisal of the Park Chung Hee system, Soohaeng Kim and Seung-Ho Park. Part 4 The South Korean Economy into the Future: Introduction; The South Korean economy: problems and prospects, Martin Hart-Landsberg; When capital becomes society: the re-composition of capitalist work and new labor activism in Korea, Dae-oup Chang; Appendix: major political and economic events in Korea, 1945-2006; References; Index.