Korea Confronts Globalization looks at the way in which the phenomenon of globalization has impacted on Korean society in terms of national identity, corporate change, labour markets, democracy, tradition and social policy, and the implications for Korea's social cohesion in a continually globalizing world. While becoming more open to the outside world, South Korea has remained a cohesive national community with a strong nationalist reaction against the globalization of Korea and with Koreans constantly reminding themselves of the need to retain their national identity. They have also learned to cope with various forms of conflict arising from diversified interests in a complex society and the South Korean government is now making a serious attempt to establish a welfare state with various schemes designed to help the poor and needy to maintain a minimum level of ‘decent’ living. But it is uncertain whether South Korean society will continue to remain cohesive. Social inequality is increasing and the class divisions appear to be hardening and as such can Korea remain cohesive? As a volume looking at the political and social implications of globalization in modern South Korea, this book will be of great interest to students and scholars of Korean and East Asian studies, comparative sociology, development studies and politics

In this investigation of the contemporary notion of evil, C. Fred Alford asks what we can learn about this concept, and about ourselves, by examining a society where it is unknown--where language contains no word that equates to the English term "evil." Does such a society look upon human nature more benignly? Do its members view the world through rose-colored glasses? Korea offers a fascinating starting point, and Alford begins his search for answers there.In conversations with hundreds of Koreans from diverse religions and walks of life--students, politicians, teachers, Buddhist monks, Confucian scholars, Catholic priests, housewives, psychiatrists, and farmers--Alford found remarkable agreement about the nonexistence of evil. Koreans regard evil not as a moral category but as an intellectual one, the result of erroneous Western thinking. For them, evil results from the creation of dualisms, oppositions between people and ideas.Alford's interviews often led to discussions about imported ways of thinking and the impact of globalization upon society at large. In particular, he was struck by how Koreans' responses to globalization matched Westerners' views about evil. In much of the world, he argues, globalization is the ultimate dualism--attractive for the enlightenment and freedom it brings, terrifying for the great social and personal upheaval it can cause.

This book explains the roots, politics, and legacy of Korean ethnic nationalism, which is based on the sense of a shared bloodline and ancestry. Belief in a racially distinct and ethnically homogeneous nation is widely shared on both sides of the Korean peninsula, although some scholars believe it is a myth with little historical basis. Finding both positions problematic and treating identity formation as a social and historical construct that has crucial behavioral consequences, this book examines how such a blood-based notion has become a dominant source of Korean identity, overriding other forms of identity in the modern era. It also looks at how the politics of national identity have played out in various contexts in Korea: semicolonialism, civil war, authoritarian politics, democratization, territorial division, and globalization.

A powerful case for the global market economy The debate on globalization has reached a level of intensity that inhibits comprehension and obscures the issues. In this book a highly distinguished international economist scrupulously explains how globalization works as a concept and how it operates in reality. Martin Wolf confronts the charges against globalization, delivers a devastating critique of each, and offers a realistic scenario for economic internationalism in the future. Wolf begins by outlining the history of the global economy in the twentieth century and explaining the mechanics of world trade. He dissects the agenda of globalization’s critics, and rebuts the arguments that it undermines sovereignty, weakens democracy, intensifies inequality, privileges the multinational corporation, and devastates the environment. The author persuasively defends the principles of international economic integration, arguing that the biggest obstacle to global economic progress has been the failure not of the market but of politics and government, in rich countries as well as poor. He examines the threat that terrorism poses and maps the way to a global market economy that can work for everyone.

The Saemaul Undong movement was a community-driven development program of the Republic of Korea in the 1970s. The movement contributed to improved community well-being in rural communities through agricultural production, household income, village life, communal empowerment and regeneration, and women's participation.This report examines the strengths and weaknesses of the movement along with contributing factors, including institutional arrangements, leadership influence, gender consideration, ideological guidance, and financing. It also reviews existing studies and government data on the movement, and presents excerpts from interviews with key persons engaged in the movement and useful lessons for implementing community-driven development initiatives in developing countries.

In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the situation generated at emerging markets in the South, nobody at the North was ready to acknowledge the pro-cyclicality of the financial system and the inner weakness of “decontrolled” financial innovations because they were enjoying from the “great moderation.” Monetary policy was primarily centered on price stability objectives, without considering the mounting credit and asset price booms being generated by market liquidity and the problems generated by this glut. Mainstream economists, in turn, were not majorly attracted in integrating financial factors in their models. External pressures on emerging market economies (EMEs) were not eliminated after 2008, but even increased as international capital flows augmented in relevance thereafter. Initially economic authorities accurately responded to the challenge, but unconventional monetary policies in the US began to create important spillovers in EMEs. Furthermore, in contrast to a previous surge in liquidity, funds were now transmitted to EMEs throughout the bond market. The perspective of an increase in US interest rates by the FED is generating a reversal of expectations and a sudden flight to quality. Emerging countries’ currencies began to experience higher volatility levels, and depreciation movements against a newly strong US dollar are also increasingly observed. Consequently, there are increasing doubts that the “unexpected” favorable outcome observed in most EMEs at the aftermath of the Global Financial Crisis (GFC) would remain.

In The Real North Korea, Lankov substitutes cold, clear analysis for the overheated rhetoric surrounding this opaque police state. Based on vast expertise, this book reveals how average North Koreans live, how their leaders rule, and how both survive

The South Korean economic development trajectory has been widely studied and is well understood. From an impoverished war-torn nation, the country has progressed on all fronts, including a ten-fold increase in per capita income over a 40 year period. It stands out internationally when it comes to education and politically it has moved away from authoritarianism to a more spirited democratic system. In short, it seems to have achieved it all. The question then is, what does a country do after it has attained development? This volume examines Korea's strategic engagement with Asia as a response to the limits of the home market. Access to new markets and resources in Asia through exports and foreign investment are critical. Additionally, with Korea's ongoing demographic crisis, its engagement with foreign workers is also inevitable. After-Development Dynamics explores how Korea is responding through regional integration, strategic industrial upgrading of exports, foreign markets and resources, and coping with migrants, including unskilled workers, students, and professionals. The transfer of Korean business and employment practices through investment to other countries and accommodating foreigners is not trouble-free. Further, prosperity imposes demands for increased social welfare, while the workings of contemporary global capitalism introduce new sources of inequality. Sharing that prosperity with small firms, irregular workers, and women becomes critical. This volume presents the key internal challenges facing Korean society and suggests multiple ways to address them as a related response to Korea's after-development prosperity.

Contrary to the image of Korea as a largely self-contained country until its economy became global during the 1990s, this book shows that transnationalism has firmly been part of modern Korea’s national experience throughout its existence. The volume portrays Korea’s frequent transnational entanglements with other nations in East Asia and the West from the start of its annexation into the Empire of Japan in 1910 to the present day. It explores how modern Korea negotiated its complicated colonial relations with imperial Japan and its political and economic relations with the West in meeting the challenges of the globalized world. Early chapters cover the origins of Korea’s democratic republicanism among Korean immigrants in the United States, the Royal-Dutch oil industry in Korea, military hygiene and sex workers, and prisons in the Japanese empire. From the latter half of the twentieth century to the present, the book probes Cold War politics between Korea and Europe, transnational Korean communities in China, Japan, the Russian Far East, and the West, and ethnic Korean returnees from the Russian Far East. With contributions from leading international scholars, this collection’s attention to modern Korean history, economy, gender studies, and migration is ideal for upper-level undergraduates and postgraduates.

This book illustrates how local awareness of Western cultural hegemonic entities such as Broadway and Shakespeare have been implemented within South Korean theatre in the global era. With a focus on performances that targeted global audiences, Lee explores the ways in which Korea's nationalistic desires for global visibility are projected on stage.