Park and Doucette, 'Financialization or Capitalization? Debating Capitalist Power in South Korea in the Context of Neoliberal Globalization'

ABSTRACT The article reviews debates concerning financialization in South Korea, with a focus on ongoing arguments between liberal, post-Keynesian, institutionalist and Marxist economists. It argues that post-Keynesian and institutionalist perspectives in particular neglect important class processes through which the financial circuit operates within the Korean economy, especially the power of Korea’s large, family-led conglomerates, or Continue Reading