The Political Economy of Preindustrial Korean Trade
Bibliographic Data
| ID | 24045484 |
|---|---|
| Authors | Hun-Chang Lee, Peter Temin (0000-0001-8132-563X, Massachusetts Institute of Technology) |
| Year | 2010 |
| Volume | 166 |
| Issue | 3 |
| Pages | 548-571 |
| Publication date | 2010-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Institutional and Theoretical Economics JITE (JOURNAL) |
| Journal identifiers | ISSN: 0932-4569 • E-ISSN: 1614-0559 |
| Publisher | Mohr Siebeck (PUBLISHER) |
| DOI | 10.1628/093245610793102161 |
| OpenAlex | W2007790538 |
| Language | EN |
| Citations received | 4 |
| References cited | 3 |
Preindustrial Korea had little foreign trade in spite of the advantage of being a small peninsular country. We present a theory of political economy to show that the preindustrial Korean policy of suppressing private trade, like that of China, only can be explained by noneconomic factors such as the consideration of externalities and rulers' incentives, bounded rationality of policymakers, and the path dependence of history. It was a rational or bounded-rational decision to increase total gains, that is, economic and noneconomic gains, from trade under the east Asian geopolitics.
Economics · Economy · International trade · Political economy · Political science · Politics · Asian Industrial and Economic Development · Economic Growth and Productivity · Economic Zones and Regional Development
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,29 |
| Citation span | 2012 - 2021 (10) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |