Unproductive Activities and the Rate of Surplus Value at the Industry Level in Korea, 1995-2015
Bibliographic Data
| ID | 3985745 |
|---|---|
| Authors | Dong-Min Rieu (0000-0003-4353-7820, Chungnam National University), Hyun Woong Park (0000-0003-3444-0955, Denison University, corresponding author) |
| Year | 2020 |
| Volume | 50 |
| Issue | 2 |
| Pages | 284-307 |
| Publication date | 2020-03-14 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Contemporary Asia (JOURNAL) |
| Journal identifiers | ISSN: 0047-2336 • E-ISSN: 1752-7554 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00472336.2019.1651884 |
| OpenAlex | W2799302398 |
| Language | EN |
| Citations received | 5 |
| References cited | 22 |
In order to explain how the Korean economy underwent structural change through the two crises of 1997- 1998 and 2008 within the context of globalisation, this article focuses on class analysis and inter-sectoral value transfer by estimating the sectoral rates of exploitation along with the sectoral monetary expressions of labour time. Our data indicate the possibility that the expansion of unproductive activities, accompanied by intensification of exploitation within the unproductive sectors, might not have overtaken capital accumulation in Korea during 1995-2015. It can also be concluded that the condition for manufacturing's capital accumulation steadily improved since the 1997-1998 crisis but started to deteriorate after 2011. Our value-theoretic analysis provides a foundation for understanding the context of the regime change, which may plausibly characterise the Korean economy in the last couple of decades
Capital (architecture · Capital accumulation · Context (archaeology · Economic geography · Economics · Economy · Geography · Globalization · Human capital · Market economy · Order (exchange · Value (mathematics · Asian Industrial and Economic Development · Economic Theory and Policy · Global trade and economics
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| Unique citing works | 5 |
|---|---|
| Citations per year | 0,83 |
| Citation span | 2020 - 2026 (7) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 5 |