Financialization or Capitalization? Debating Capitalist Power in South Korea in the Context of Neoliberal Globalization
| dc.contributor.author | Park, Hyeng-Joon | |
| dc.contributor.author | Doucette, Jamie | |
| dc.date.accessioned | 2022-11-10T17:07:21Z | |
| dc.date.available | 2022-11-10T17:07:21Z | |
| dc.date.issued | 2016 | |
| dc.description | capital as power chaebol developmental state financialization institutional political economy Marxian economics post-Keynesian economics South Korea | |
| dc.description.abstract | The article reviews debates concerning financialization in South Korea, with a focus on ongoing arguments between liberal, post-Keynesian, institutionalist and Marxist economists. It argues that post-Keynesian and institutionalist perspectives in particular neglect important class processes through which the financial circuit operates within the Korean economy, especially the power of Korea’s large, family-led conglomerates, or chaebol. In order to build upon Marxist approaches to Korean finance, we argue that Nitzen and Bichler’s approach to the ‘capitalization’ of capitalist class power provides a useful heuristic for understanding the differential power of Korean chaebol and their integration into global capital. | |
| dc.identifier.citation | Financialization or Capitalization? Debating Capitalist Power in South Korea in the Context of Neoliberal Globalization. Park, Hyeng-Joon and Doucette, Jamie. (2016). Capital & Class. OnlineFirst. September. pp. 1-22. (Article - Journal; English). | |
| dc.identifier.uri | http://hdl.handle.net/10315/40014 | |
| dc.title | Financialization or Capitalization? Debating Capitalist Power in South Korea in the Context of Neoliberal Globalization | |
| dc.type | Article |
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