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Programme: M. Phil |
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This course aims to examine the trajectory of Korean political economic development and the formation of a distinct variety of capitalism from the perspective of political economy. How Korean capitalism arose and to what pathway it has and will evolve is the basic puzzle of this course. It will cover various topics in international and domestic political economy such as economic growth, international investment, trade, democratization, globalization, economic crisis and reform. In particular, it will reassess the government-business relationship through further case studies of Korean business conglomerates, known as Chaebol. The prime logic behind the course is to encourage students to cultivate their own point of view and conceptual framework regarding Korean political economy. Furthermore, this course also devotes attention to analyze paradigmatic shifts in the political economic developments of North Korea.
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Course Requirements This is one semester, three-credit course, which requires a mid-term assessment test, one original research paper with innovative ideas and arguments, one class presentation, and a final end semester examination. The process of assessment also takes note of students’ presence in the class lectures, and their active & assertive participation during the presentations. Evaluation System The evaluation of researcher’s performance is purely judged on the basis of academic merit classified under the following heads: 1) Participation, 2) Presentation, 3) Midterm; 4) Term-Paper and 5) Final Examination List of Contents To simplify and systematize political economic developments in Korea, this course have categorized list of contents under the following sub-titles based on the major disjunctions in the political economic make-up of the Korean peninsula. List of contents include: 1. Political Economy of Aid and Reconstruction, 1945~1960 1.1 Korean Peninsula in the International Political Economy 1.2 U.S Aid and the Post-War Restructuring of Korean Economy 1.3 Korea’s Import-Substitution Industrialization (ISI) Strategy 2. Political Economy of Growth: Promotion of National Capital, 1962~1997 2.1 Debates on Colonial Origins of Korea’s High Economic Growth Phase 2.2 Korea as a Case of Late-Late Industrialization 2.3 Rise of Developmental State and the Reformulation of State-Society Relations 2.4 Paradigm Shift: Instituting Export-Promotion Industrialization (EPI) Strategy 2.5 Nature of Korean Economic Growth: ‘High-Debt, High-Growth Model’ 2.6 Korea’s Politics of Repressed Finance 2.7 Impact of Cold War on the Korean Political Economy 2.8 International Political Economy of Korean Economic Development 2.9 East Asian Developmental Model and Korea 3.0 Defining Korean Capitalism: Organizing from the Top 3. Political Economy of Crisis: Intervention of Global Capital, 1997~1999 3.1 Debates on Korean Financial Crisis of 1997: Crony Capitalism vs. Mismanaged Financial System Reforms 3.2 Rolling Back of the State in Korea: Neo-Liberalism at Work 3.3 Debates on ‘Post-developmental State’ 3.4 Redefining Korea’s Corporate Governance: Reform, Restructuring and Rebound 3.5 Chaebol after the Reform 4. Political Economy of Rebound: Promotion of Global Capital, 2000~Present 4.1 Korean Corporate Control and the Issues Related to Foreign Direct Investment (FDI) 4.2 Promotion of Small & Medium Sized Enterprises: Rise of Venture Capitalism in Korea 4.3 Political Economy of Post-Cold War: Korea’s Trade with China and India 5. Political Economy of Kim Il Sung Era, 1945~1994 5.1 Distinctiveness of North Korean Socialism 5.2 Freezing of the Consciousness: Juchae Ideology 5.3 Political Economy of North Korean Brinkmanship: Nuclear Question 5.4 Politics of Economic Crisis in North Korea 6. Political Economy of Post-Kim, Il Sung Era, 1994~present 6.1 Debates on Transition Economies: Gradualism vs. Shock Therapy Approach 6.2 Political Economy of Inter-Korean Economic Cooperation: ‘Sun Shine Policy’ in Retrospect For Further Reading Books
Articles
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