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Flexible Exportism? Situating Financialization within Korean Political Economy

제이미 두셋
사회과학연구원 (Research Institute of Social Science)|2018.02|마르크스주의 연구 (MARXISM 21)|제15권 제1호|pp. 248-282|DOI 10.26587/marx.15.1.201802.007

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한국Korea금융화geography지리학조절이론regulation theory불균등 발전Financialization수출주의exportismuneven developmentEast Asian political economy동아시아 정치경제
주제분류사회과학일반

초록

The literature on financialization has grown considerably over the last decade; however, far too little of it has focused on regions outside of Europe and North America and much of it risks ignoring class dynamics. Surveying the literature on financialization in geography and beyond, this article suggests some ways in which it might be modified to better address the constraints of political economic transformation in South Korea. I suggest that an understanding of financialization that takes into account the dynamics of exportist economies and moves beyond the limitations of developmental state theory might be useful for understanding some of the challenges of the Korean context. If undertaken in a manner sensitive to the nature of uneven geographical development, the problematic of financialization can complement and perhaps enrich existing research into the dynamics of economic development, urban restructuring, and political economic strategy in Korea and East Asia.

Abstract

The literature on financialization has grown considerably over the last decade; however, far too little of it has focused on regions outside of Europe and North America and much of it risks ignoring class dynamics. Surveying the literature on financialization in geography and beyond, this article suggests some ways in which it might be modified to better address the constraints of political economic transformation in South Korea. I suggest that an understanding of financialization that takes into account the dynamics of exportist economies and moves beyond the limitations of developmental state theory might be useful for understanding some of the challenges of the Korean context. If undertaken in a manner sensitive to the nature of uneven geographical development, the problematic of financialization can complement and perhaps enrich existing research into the dynamics of economic development, urban restructuring, and political economic strategy in Korea and East Asia.

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