Capitalism against theWelfare State: Classical Political Economy
Some thought thewelfare state is incompatible with capitalism. This conviction can be retraced to Adam Smith. He understood welfare as being secured primarily through the market. More clear reason for incompatibility is that without the compulsion to work an efficient market could no longer function because there would remain no
the 1980s.
In Korea, the developmental state emerged in earnest from the early 1960s, and combined with authoritarian politics in the 1970s, labeling the 1970s Korea as a typical form ofthe authoritarian developmental state. Korea’s developmental state was successful in achieving its core goals: economic growth and industrialization. However, during the years of economic development, social p
the defects in recent capitalist economy.Polanyi's "The Great Transformation" is a broad, sweeping work that encompasses history, sociology, economics and political science. MacIver writes that the book's particular relevance for a political scientist is that "it will help him to restate old issues and to evaluate old doctrines". However, with the recent renaissance of liberal/classical economic
of Sejong City>
The plan of establishing Sejong city aims at tackling overpopulation in Metropolitan arear and balance development among regions.
Balanced national development issue has been one of national affairs that has been pushed since Roh Mu-hyun administration. In an effort to do so, in 2003, then government andthe ruling party proposed a capital-relocation plan. However, right af
the late nineteenth century, when inexpensive imported grain from Russia andthe United States competed effectively with local grain. At the same time, rising domestic and foreign demand for dairy products andthe availability of low-cost imported cattle feed made dairy and meat production much more profitable. These changes in market conditions induced Finland's farmers to switch from growing st
The Great Russian Revolution(1917 Russian monarchy was overthrown by Bolsheviks)
World First Communist State (1922, the Union of Soviet Socialist Republics was formed )
USSR Broke Up(1991)
B. Political economy
the past>
In order to understand political economy of Russia, it is essential to take a comprehensive look at the economic and political reforms carried ou
I. Environment Analysis
Introduction
Lately, South Korea's cosmetic companies are actively entering Japanese market. In particular, low-priced brand companies entering are remarkable. Continuing the long-term recession, Japanese consumers find inexpensive cosmetics. Through this period, cosmetics of South Korea draw popular through low price and good quality. Celebrity publicity is also inf
Maximum benefit
Political basis
Suggestion of new ideology
Ideal
Night-watch state
Smallest statetheory
Limitation
Alienation of proletariat in economical
& political side.
Ideal
Free economic activity by the "invisible hand” improve socialwelfare
Minimization of government welfare(public security)
Limitation
The great depression
Widen the gap between rich and poor
of development, Korea was catching up to the wealthy, developed nations and accepted to OECD. However, the ambitious financial liberalization of president Kim Young Sam had failed miserably. Some scholars claim that the reform had failed due to the absence ofthestate intervention and supervision. Regardless ofthe cause, the reform had failed andthe Korean economy collapsed. Foreign capital ou
and Cholla province had already been formed under the Kyongsang based former presidents Park Chung-Hee, Chun Doo-Hwan and Roh Tae-Woo. While Kyongsang province developed including the establishment of industry facilities, Cholla province remained underdeveloped compared to Kyongasang province. Regionalism had existed during authoritarian rule but it can’t be considered as a social cleavage beca