Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Subordinate financialization and financial subsumption in South Korea
This paper analyzes the peculiarity of financialization in South Korea after the 1997 Asian financial crisis. Financialization research originally focused on the US experience and primarily understood financialization in the scope of the national state. However, this study analyzes financialization in terms of geographical differentiation and uneven development, and confirms that financialization in South Korea has a subordinate character due to US financial hegemony. This study also focuses on the fact that household debts have exploded in South Korea since the 2000s and recognizes it as a financial subsumption in which the working class is directly expropriated by financial capital.
Subordinate financialization and financial subsumption in South Korea
This paper analyzes the peculiarity of financialization in South Korea after the 1997 Asian financial crisis. Financialization research originally focused on the US experience and primarily understood financialization in the scope of the national state. However, this study analyzes financialization in terms of geographical differentiation and uneven development, and confirms that financialization in South Korea has a subordinate character due to US financial hegemony. This study also focuses on the fact that household debts have exploded in South Korea since the 2000s and recognizes it as a financial subsumption in which the working class is directly expropriated by financial capital.
Subordinate financialization and financial subsumption in South Korea
Choi, Cheolung (Autor:in)
Regional Studies ; 54 ; 209-218
01.02.2020
10 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
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