Browse

Convergence ― Divergence in Capitalism Revisited

Cited 0 time in Web of Science Cited 0 time in Scopus
Authors
Kim, Yong-Hak; Park, Chan-Ung; Kim, Wang-Bae
Issue Date
2006-12
Publisher
Institute for Social Development and Policy Research, Center for Social Sciences, Seoul National University
Citation
Development and Society, Vol.35 No.2, pp. 125-147
Keywords
industrializationmarketInput/Output structureKoreathe US
Abstract
Recently, there has been a surge of interest in analyzing the market as a social structure. One of the major issues is whether the industrialization paths in various countries have become divergent or convergent. In this paper, we attempt to compare South Korea and the United States. Research questions raised are: first, what are the main characteristics of the structural change in the market; and second, whether the evolving Korean industrial structure is converging toward the structure exhibited by advanced economies such as the United States? Because of active interventions of the Korean government in industrial development, we originally expected that the Korean Industrial Input/Output structures would differ from those of the United States. However, we found that Korean I/O structures are moving towards the U.S. structure as the Korean economy develops. We interpreted that the convergent path may have resulted from technological imperatives of inter-industry relations. During the market’'s evolutionary process, however, we found that the government participated in the evolution of such a market structure by selectively supporting key industries with its policy loans.
ISSN
1598-8074
Language
English
URI
http://hdl.handle.net/10371/86686
Files in This Item:
Appears in Collections:
College of Social Sciences (사회과학대학)Institute for Social Development and Policy Research (사회발전연구소)Development and Society Development and Society Vol.35 No.1/2 (2006)
  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Browse