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After-Development Dynamics - South Korea's Contemporary Engagement with Asia (Hardcover)
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After-Development Dynamics - South Korea's Contemporary Engagement with Asia (Hardcover)
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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.
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