scholarly journals Global Pressure, Local Adjustment: The Political Economy of Telecommunication Liberalization in Korea in the 1990s

2008 ◽  
Vol 22 (2) ◽  
pp. 1-23
Author(s):  
Moon Sang Hyun
Keyword(s):  
Political Economy ◽  
Telecommunications Industry ◽  
The Political ◽  
The South ◽  
Economic Implications ◽  
South Korean ◽  
Changing Roles ◽  
Korean State ◽  
External Forces ◽  
Economic Need

This paper examines the political and economic implications of the liberalization of international telecommunications in South Korea in the 1990s and the changing roles of the South Koran state. Until the end of the 1980s, the South Korean telecommunications sector was controlled by a public monopoly. With the internal political and economic need for industrial restructuring, various external forces have driven liberalization of the telecommunications industry since the late 1980s. Intertwined with the national political economy, those external forces and, more generally, structural transformations in the global political economy have also significantly affected the nature and roles of the South Korean state.

The Evolution of South Korea's Rural Institutions: The Political Economy of Export Promotion and Market Protection

2007 ◽  
Vol 7 (1) ◽  
pp. 61-92 ◽  
Author(s):  
Daniel A. Pinkston
Keyword(s):  
Political Economy ◽  
Institutional Arrangement ◽  
Industrial Sector ◽  
Export Promotion ◽  
The Political ◽  
The South ◽  
South Korean ◽  
Market Protection ◽  
Efficient Resource ◽  
The 1960S

South Korea's economic takeoff in the 1960s triggered a scholarly debate over the causes behind its economic growth. Neoclassical economists and “statist” scholars focused on government policies toward the industrial sector, but as this article shows, they have neglected to consider the political economy behind the government's targeting of the agricultural and livestock sectors for export promotion. In fact, the South Korean government's support of export-led growth—aimed at the rural sector as well as industry—transformed the nation's agricultural and livestock institutions from instruments of development and export promotion into protectionist mechanisms. This article discusses how complete market liberalization would have resulted in more efficient resource allocation and reveals how political considerations affected the institutional arrangement in the South Korean countryside and the subsequent liberalization of agricultural and beef markets.

An Old Right in New Bottles: State without Nation in South Korean New Right Historiography

2021 ◽  
pp. 1-21
Author(s):  
Sungik Yang
Keyword(s):  
Recent Change ◽  
New Right ◽  
Historical Narratives ◽  
Right Wing ◽  
The South ◽  
Nationalist Discourse ◽  
South Korean ◽  
Park Chung Hee ◽  
Korean State ◽  
The Right

The New Right movement that arose in the early 2000s in South Korea was a response to a change in ownership of Korean nationalist discourse during the preceding decades. Although nationalism was the preserve of the South Korean right wing from the trusteeship crisis in 1945 through the end of the Park Chung Hee regime, a historiographical revolt in the 1980s that emphasized the historical illegitimacy of the South Korean state allowed the Left to appropriate nationalism. With the loss of nationalism from its arsenal, the Right turned to postnationalist neoliberal discourse to blunt the effectiveness of leftist nationalist rhetoric. An examination of New Right historiography on the colonial and postliberation periods, however, shows that despite the recent change in conservatives’ stance on nationalism, a preoccupation with the legitimacy of the South Korean state remains at the center of right-wing historical narratives. The New Right represents old wine in new bottles.

‘The folly of particulars’: the political economy of the South Sea Bubble

2012 ◽  
Vol 19 (2) ◽  
pp. 175-197 ◽  
Author(s):  
Richard Kleer
Keyword(s):  
Political Economy ◽  
Public Debt ◽  
Alternative Explanation ◽  
Banking Industry ◽  
Market Price ◽  
The Political ◽  
The South ◽  
The Public ◽  
Conversion Operation ◽  
South Sea

In 1720 Britain embarked on a project to convert a large part of the public debt into shares in the South Sea Company. Most narratives assume the Company stood to profit from an anticipated increase in the market price of its shares. Though some have noted that this assumption is incorrect, no one has yet tried to find an alternative explanation for the Company's motivation for entering into the project. In this article I argue that the Company had no need to profit directly from the conversion operation and instead saw it as an opportunity to establish dominance in the British banking industry.

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