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Books > Social sciences > Sociology, social studies > Social issues > Consumer issues
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History of Korean Modern Retailing - Repressed Consumption and Retail Industry, Perceived Equality and Economic Growth (Hardcover)
Loot Price: R3,479
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History of Korean Modern Retailing - Repressed Consumption and Retail Industry, Perceived Equality and Economic Growth (Hardcover)
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In History of Korean Modern Retailing Jong-Hyun Yi shows how the
Korean retail industry has developed since the 1970s, focusing on
the relationship among government, consumers and retail companies,
especially the department store. While generally it is said that
underdevelopment of the Korean retail industry in the 1970s was
attributed to economic immaturity, he argues it was artificially
formed by strong consumption repression by the government. He also
examines how consumption repression contributed to economic growth.
Such initial condition in developmental period is a crucial factor
to explain other distinctions like explosive growth and remarkably
short heyday of the department store afterward. With this,
Jong-Hyun Yi traces the correlation between economic growth and
stratification of the consumption since the 1970s. He proves that
equality or inequality of consumption is a more influential factor
for economic growth than that of income.
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