The Origins and Development of the Northeast Asian Political Economy: Industrial Sectors, Product Cycles, and Political Consequences

2017 ◽  
Keyword(s):  
Political Economy ◽  
Political Consequences ◽  
Product Cycles ◽  
Industrial Sectors ◽  
Northeast Asian

The origins and development of the Northeast Asian political economy: industrial sectors, product cycles, and political consequences

1984 ◽  
Vol 38 (1) ◽  
pp. 1-40 ◽  
Author(s):  
Bruce Cumings
Keyword(s):  
Political Economy ◽  
South Korea ◽  
Product Cycle ◽  
Korean Society ◽  
Political Consequences ◽  
Product Cycles ◽  
Economic Unit ◽  
Industrial Sectors ◽  
The World ◽  
Northeast Asian

Theories of the product cycle, hegemony, and the world system are used to analyze the creation and development of the Northeast Asian political economy in this century. Japan, South Korea, and Taiwan have each developed in a particular relationship with the others; the three taken together form a hierarchical, constantly interacting political-economic unit. During the period of colonial rule Japan was unique in building an imperial economic unit marked by a strong role for the state (whether in Tokyo or Taipei), by a tight, integral Unking of all three nations into a communications and transport network running toward the metropole, and by a strategy of both using the colonies for agricultural surpluses and then locating industries there. After 1945 a diffuse American hegemony replaced Japan's unilateral system, but elements of the prewar model have survived: strong states direct economic development in South Korea and Taiwan (here termed “bureaucratic-authoritarian industrializing regimes”); both countries are receptacles for Japan's declining industries; and both countries develop in tandem, if in competition, with each other. The most recent export-led competition has seen Taiwan succeed where South Korea has (temporarily?) failed, leaving Seoul in an export-led “trap,” burdened with rapidly increasing external debt. Taiwan, furthermore, has industrialized relatively free of social disruption, whereas Korean society resisted its transformation at Japanese hands and remains more rebellious today. There can be one Japan and one Taiwan, but not two or many of either, in the world economy.

scholarly journals The political consequences of the product cycle: industrial history and political outcomes

1979 ◽  
Vol 33 (1) ◽  
pp. 1-34 ◽  
Author(s):  
James R. Kurth
Keyword(s):  
Political Economy ◽  
Domestic Politics ◽  
International Political Economy ◽  
Product Cycle ◽  
The West ◽  
Political Consequences ◽  
Industrial History ◽  
Political Outcomes ◽  
Foreign Policies ◽  
The Impact

What explains the continuing stagnation in the industrial economies of the West? What will be the impact of such stagnation upon domestic politics and upon international relations? Are there domestic and foreign policies which the state can undertake to bring about a return to sustained economic prosperity and a recapitulation of that lost golden age of 1948–1973? These are now the central questions for scholars in the emerging field of international political economy. A recent special issue of International Organization, edited by Peter Katzenstein, has presented some of the most useful and sophisticated approaches to these questions and analyses of the international political economy of the West during the period of the last thirty years.

The political economy of currency internationalisation: the case of the RMB

2017 ◽  
Vol 43 (4) ◽  
pp. 765-787 ◽  
Author(s):  
Randall Germain ◽  
Herman Mark Schwartz
Keyword(s):  
Political Economy ◽  
Global Economy ◽  
Adjustment Costs ◽  
Critical Element ◽  
International Currency ◽  
Political Consequences ◽  
Trade Offs ◽  
Rise Of China ◽  
External Conditions ◽  
The Rise Of China

AbstractThe rise of China has sparked a debate about the economic and political consequences for the global economy of the internationalisation of the renminbi. We argue that the dominant focus of this literature – primarily the external conditions and requirements for a national currency to become an international currency – misspecifies the connections between the international and domestic requirements for currency internationalisation, as well as the potential to become the dominant international reserve currency. We correct this oversight by developing an integrated theoretical framework that highlights the domestic adjustment costs which a state must accommodate before its currency can carry the weight of internationalisation. These costs constitute a critical element of an international currency’s ‘political economy’, and they force states to negotiate contentious social trade-offs among competing domestic claims on finite public resources in a sustainable manner. Our analysis suggests that the likelihood of China being able to successfully negotiate the social costs associated with running a fully internationalised currency is currently very low, precisely because this will place unacceptable pressure on groups benefiting from the economic and political status quo. This further suggests that the American dollar will remain unchallenged as the global economy’s pre-eminent international currency for the foreseeable future.

Could Populism Be Good for Constitutional Democracy?

2019 ◽  
Vol 15 (1) ◽  
pp. 41-58 ◽  
Author(s):  
Bojan Bugaric
Keyword(s):  
Political Economy ◽  
The Political ◽  
Right Wing ◽  
Constitutional Democracy ◽  
Progressive Politics ◽  
Political Consequences ◽  
Authoritarian Populism ◽  
Single Form ◽  
The Relationship ◽  
Political Scene

Populism is Janus-faced. There is not a single form of populism but rather a variety of different forms, each with profoundly different political consequences. Despite the current hegemony of authoritarian populism, a much different sort of populism is also possible: democratic and antiestablishment populism, which combines elements of liberal and democratic convictions. When we examine the relationship between populism and constitutional democracy, populism should not be considered in isolation from its host ideology. Examples of democratic, liberal, socially inclusive forms of populism quite clearly show that authoritarianism and anti-pluralism are not necessarily the key elements of populism. However, the paucity of democratic populism also suggests that we have to look at factors other than ideology to understand why nativist and authoritarian populism currently dominates the political scene. Without understanding the political economy of the populist revolt, it is difficult to understand the true roots of populism and, consequently, to devise an appropriate democratic alternative to authoritarian populism. The ascendancy of right-wing nationalist populism today is a symptom of the failure of progressive politics.

Determinants and consequences of private environmental regimes

2017 ◽  
Author(s):  
◽  
Krisztina A. Pusok
Keyword(s):  
Political Economy ◽  
International Relations ◽  
Environmental Governance ◽  
Environmental Politics ◽  
University Of Missouri ◽  
Political Consequences ◽  
Environmental Regimes ◽  
Global Environmental ◽  
The University

[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT AUTHOR'S REQUEST.] While the role of firms has been acknowledged in existent research in political economy, it has played a rather peripheral role in the study of environmental politics, specifically in understanding environmental governance. In this dissertation, I seek to identify what the role of the private sector is in pushing the global environmental agenda. Specifically, I seek to offer alternative explanations for why firms choose to form these regimes, by drawing on existent comparative and international relations literatures focusing on political economy, governance, and the role of non-state actors. Additionally, I discuss the conditions determining firms to form private environmental regimes, as well as the economic and political consequences of this growing dynamic. Lastly, I investigate the mechanisms tying together different actors in terms of their environmental governance interactions.

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