The Political Economy of Financial Liberalization in South Korea: State, Big Business, and Foreign Investors

This paper studies the political economy of financial liberalization in Korea. We highlight the primary importance of state intervention in promoting financial liberalization. We shed light on "power games" of state, big business, and foreign investors emerging in state-led financial liberalization, and their impact on the Korean economy.

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The political economy of ﬁnancial liberalization and the crisis in South Korea

Financial Liberalization and the Economic Crisis in Asia ◽

10.4324/9780203218150-11 ◽

2003 ◽

pp. 98-119

Keyword(s):

Political Economy ◽

South Korea ◽

Financial Liberalization ◽

The Political

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The Political Economy of the Profitability Crisis in Britain

10.1093/oso/9780192897015.003.0003 ◽

2021 ◽

pp. 45-68

Author(s):

Jack Copley

Keyword(s):

Political Economy ◽

Currency Crises ◽

Financial Liberalization ◽

The Political ◽

Historical Overview ◽

Global Competitiveness ◽

High Inflation ◽

Current Account Imbalances ◽

Economic Boom ◽

Acute Crisis

This chapter provides a historical overview of the profitability crisis that undermined the postwar economic boom, gave rise to the phenomenon of stagflation, and ultimately drove the financial liberalizations explored in this book. This chapter puts forward a novel historical categorization of British stagflation, by identifying two distinct phases within Britain’s experience of the global profitability crisis. The first, from 1967 to 1977, was characterized by low rates of profit, rising inflation, and repeated current account imbalances that resulted in currency crises. The second, from 1977 to 1983, still saw low profitability and high inflation, but the rising price of sterling ensured that there were no sterling crises. The chapter then details how governments combined governing strategies of depoliticized discipline and palliation in different ways during these two periods of acute crisis in order to navigate the contradictory imperatives of global competitiveness and domestic legitimacy. Policies of financial liberalization constituted attempts to support these strategies.

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Muddling through security, growth, and welfare: the political economy of defense spending in South Korea Chung-in Moon and In-Taek Hyun

Defense, Welfare and Growth ◽

10.4324/9780203203590-12 ◽

1992 ◽

pp. 151-176

Keyword(s):

Political Economy ◽

South Korea ◽

Defense Spending ◽

The Political

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South Africa and the political economy of regional cooperation in Southern Africa

The Journal of Modern African Studies ◽

10.1017/s0022278x0400059x ◽

2005 ◽

Vol 43 (1) ◽

pp. 21-51 ◽

Cited By ~ 10

Author(s):

James J. Hentz

Keyword(s):

South Africa ◽

Political Economy ◽

Regional Cooperation ◽

The Political ◽

Big Business ◽

One Dimensional ◽

Competing Interests ◽

Regional Role ◽

Political Compromise ◽

Push And Pull

Post-apartheid South Africa has recast its regional relations. Nonetheless, much of the literature depicts its policy as a projection of captured interests, for instance big business as embedded in Pretoria's apparent neo-liberal turn. Instead, post-apartheid South Africa's regional relations represent a political compromise, albeit not necessarily an explicit one, that reflects the different visions of South Africa's regional role and their respective political bases. Because their policies reflect the push and pull of competing constituencies, democratic states are rarely one dimensional. Post-apartheid South Africa is no exception, as it attempts to square the political circle of competing political constituencies, such as big business and labour. South Africa's regional relations and, in particular, its policy of regional economic cooperation/integration, are best understood as a reflection of the competing interests within its domestic political economy.

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Digital media communication, intellectual property, and the commodification of language

Language, Culture and Society ◽

10.1075/lcs.19001.par ◽

2019 ◽

Vol 1 (2) ◽

pp. 244-266

Author(s):

Joseph Sung-Yul Park

Keyword(s):

Political Economy ◽

Intellectual Property ◽

Digital Media ◽

Language Ideologies ◽

The Political ◽

Media Communication ◽

For Profit ◽

A Site ◽

Shed Light

Abstract Focusing on fansubbing, the production of unauthorized subtitles by fans of audiovisual media content, this paper calls for a more serious sociolinguistic analysis of the political economy of digital media communication. It argues that fansubbing’s contentious position within regimes of intellectual property and copyright makes it a useful context for considering the crucial role of language ideology in global capitalism’s expanding reach over communicative activity. Through a critical analysis of Korean discourses about fansubbing, this paper considers how tensions between competing ideological conceptions of fansub work shed light on the process by which regimes of intellectual property incorporate digital media communication as a site for profit. Based on this analysis, the paper argues for the need to look beyond the affordances of digital media in terms of translingual, hybrid, and creative linguistic form, to extend our investigations towards language ideologies as a constitutive element in the political economy.

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