• Korea Trade Review
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• v.46 no.1
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• pp.39-57
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• 2021

Developing countries are in competition to attract ODA and FDI in an effort to overcome poverty and development. This study tries to identify factors influencing the distribution of ODA and FDI resources and analyzes if ODA and FDI are in complementary relationship. We use a panel data for 53 African countries during early and middle of 2000 period. Factors affecting the ODA distribution include per capita GDP, physical infrastructure, good institutions of receiving countries. FDI was found to be positively affected by market size, trade openness, human capital accumulation, business-friendly regulatory environment. The impact of ODA is believed to be more effective and sustainable if it has a complementary relationship with FDI. Our result, however, did not confirmed the complementarity relation between the two.

• Journal of Urban Science
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• v.12 no.2
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• pp.37-42
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• 2023

In the process of urbanization under capitalism, new types of urban public spaces that combine 'living space' and 'economic space' play a dual role as a public sphere and a place for capital accumulation. This dual role has resulted in the multidimensional nature of the public nature of urban space, which in turn has resulted in the boundaries between 'public' and 'private' in the city becoming increasingly blurred. Therefore, this study presents an example of a continuum approach to space based on criticism of the socio-spatial debate and examines how it can be used in empirical research. The types of public spaces and the scope of publicness are evolving over time. Ultimately, this implies the need for a typology of contemporary public space and publicness that centers on questions of function, perception and ownership, which are very important for how public space is managed.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.15 no.1
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• pp.247-257
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• 2020

In recent years, the proportion of youth's self-employed is steadily increasing, and government policy also actively encourages youth to become an entrepreneur. However, most of the domestic precedent studies on the self-employed labor market focus on the middle-aged and the elderly, and previous studies on the self-employed labor market of young people are hardly ever studied. Above all, the study that examines the factors of entry into self-employment of young people is not sufficient and researchers usually utilize the study about for all ages to explain the self-employment market of young people. However, because the young and middle-aged people differ in labor market conditions, family backgrounds, and the level of accumulation of human capital, separate explanations and theories are needed. Therefore, this study explored the factors of entry into self-employment by separating the age group from 15~29 years old. The data used in the analysis was the 9th to 20th data of the Korea Labor Panel Survey. The youth unemployment rate and employment rate were referred to the Economically Active Population Survey of Statistics Korea. The analysis subject was limited to young people who are currently performing economic activities, and the analysis method used multi-level logit model. The main results are summarized as follows. First, the lower the unemployment rate and the higher the employment rate, the younger people tend to enter their own businesses on the structural level. Second on the individual level, young people who possess enough financial capital or pursuit personal aptitude or interest tend to enter self-employment. However, there are no statistical effects of human capital and entrepreneur capital.

• KDI Journal of Economic Policy
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• v.14 no.1
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• pp.191-212
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• 1992

This paper discusses the role of money in the process of capital accumulation where financial markets are impeded by contract enforcement problems in the context of overlapping generations framework. In particular, in less developed countries (LDCs) creditors may know little about the repayment capability of potential debtors due to incomplete information so that financial instruments other than money may not acceptable to them. In this paper the impediments to the operation of the private finanical markets are explicitly modelled. We argue that creditors cannot observe actual investment decisions made by the potential borrowers, and as a result, loan contracts may not be fully enforceable. Therefore, a laissez-faire regime may fail to provide the economy with the appropriate financial instruments. Under these circumstances, we introduce a government operated discount window (DW) that acts as an open market buyer of private debt. This theoretical structure represents the practice of governments of many LDCs to provide loans (typically at subsidized interest rates) to preferred borrowers either directly or indirectly through the commercial banking system. It is shown that the DW can substantially overcome impediments to trade which are caused by the credit market failure. An appropriate supply of the DW loan enables producers to purchase the resources they cannot obtain through direct transactions in the credit market. This result obtains even if the DW is subject to the same enforcement constraint that is responsible for the market failure. Thus, the DW intervention implies higher investment and output. However, the operation of the DW may cause inflation. Furthermore, the provision of cheap loans through the DW results in a worse income distribution. Therefore, there is room for welfare enhancing schemes that utilize the higher output to develop. We demonstrate that adequate lump sum taxes-cum-transfers along with the operation of the DW can support an allocation that is Pareto superior to the laissez-faire equilibrium allocation.

• Journal of the Korean Geographical Society
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• v.29 no.3
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• pp.281-296
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• 1994

It is generally accepted that there is always a potential for crisis in the capitalist society because of the internal contradiction of capitalism. The contradiction is explicitly and implicitly expressed in space. The fundamental contradiction in capitalism, however, is controlled and mediated by the state (i.e., the capitalist state). We thus could argue that the state plays an important role in the capitalist society and in the capitalist spatial formation. It is necessary to note how and why spatial structure has developed unevenly in capitalist societies, particularly in the U.S., The general concept of uneven geographical development is understood in the context of the capitalist economic system and the role of the state. But the problem is that the capitalist state itself has a contradiction between the productive function (i.e., accumulation function) and the reproductive function (i.e., legitimation function). The compromise of the two functions is always the dilemma of the state and the state becomes the object of class struggle (e.g., political class struggle) . The research questions are as follows. First, what is the role of the state in the economic structure and what is the internal problem of the state\ulcorner Second, what is the role of the state in space economy (or in spatial structure)\ulcorner And last, what is the relation between the federal state and the local state in the U.S. and how does the relation form the urban policies and thus the urban and regional development\ulcorner The paper will be looking at how the political economy in the U.S. explains unevenly developed geographical phenomenon.

• Journal of the Korean association of regional geographers
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• v.12 no.4
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• pp.475-495
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• 2006

This paper is to analyse a changing space of energy flows in Northeast Asia from geopolitical and geoeconomic perspectives that have been recently promoted for energy security of countries in this region. The research is based on an analytical framework in an integration of political ecology and political economy. Because of an ever-increasing input of energy resources for economic growth and of dramatically increasing price of crude oil and recent instability of oil market, South Korea, China and Japan have been deeply concerned with energy security and conducted very actively geopolitical strategies. And hence the space of energy flows in the region is now in a process of dynamic reconfiguration, in which the project for development of oil and natural gas fields in East Siberia and construction of pipelines to transport them can be seen as one of competitive issues among these countries. In spite of worrying about stagflation due to rapid increase of oil price, such geo-strategies for energy security and reconfiguration of space of energy flows seem to keep the accumulation of capital in this region continue with generation of huge privatized oil companies.

• Korean journal of communication and information
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• v.70
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• pp.9-34
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• 2015

While dramatic shifts in the media environment underscore the emerging importance of structural approaches in media studies. political economists in Korea have failed to meet such demands. It is particularly noteworthy that their most serious weakness lies in economic theories. This paper aims to examine major problems in political economic approaches in Korea and suggest some research agenda and directions for the future. Above all, political economists need to scrutinize and elaborate both microscopic and macroscopic frameworks. On the microscopic level, they may learn tremendous implications from the "audience-commodity" thesis and recent debates on "information goods" among Korean economists. For the more macroscopic part, it is urgently needed to delve into mid-level issues that may illuminate specific ways the media capital operates: trends in the accumulation of capital, the influence of technological innovation, changes in the labor process, and the relations among production, circulation and consumption sectors.

• International Area Studies Review
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• v.12 no.2
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• pp.99-123
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• 2008

In this paper, technology gap between Korea's manufacturing industries compared to technology frontier countries was estimated in order to take into account Korea's status as a technology follower country. Then by using this measure the role of technology gap was investigated in explaining total factor productivity growth of the Korean manufacturing at industry level. The main empirical findings are as follows: First, the conventional factors that were emphasized in the previous literature such as R&D intensity, trade openness and human capital play important role in explaining the growth rate of Korea's total factor productivity. Second, the larger the technology gap between Korea and technology leader country (and the faster the technology growth rate in the leader country), the higher the growth rate of total factor productivity in Korea as well. Third when the technology gap is large, the most efficient way of absorbing higher technology from frontier country seems to be the international trade channel rather than R&D or human capital accumulation.

• Korea Trade Review
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• v.42 no.6
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• pp.51-67
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• 2017

This study analyzes the relationship between globalization and income inequality. The empirical model is developed based on Kuznets' hypothesis of the inverse U curve. The effects of factor abundancy and globalization which is characterized by trade and FDI on income inequality are analyzed. 127 member countries of WTO are classified into 4 groups according to GNI. The period of analysis is 21 years from 1995 to 2015. Results show that 3 groups of countries excluding one group that is high income countries supports Kuznets' hypothesis which is the inverse U curve. Secondly, expansion of trade decreases income inequality of middle income countries but increases high and low income countries. Thirdly, FDI increases income inequality of middle and low income countries. Finally, the increase in capital abundancy lowers income inequality because the capital accumulation increases the productivity of labor.

• SUVANNABHUMI
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• v.16 no.2
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• pp.185-211
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• 2024

Southeast Asian cities like Manila, the Philippines, and Singapore have witnessed economic, political, and cultural changes over the years, especially after periods of colonization. States control their urban fabric-that is, its organization, planning, and design of cities-and thus dictate the flow of capital and forces of labor. Urban poor settlements, an offshoot of capital accumulation, are (re)moved around these cities in accordance with governing visions of development. For populations that are forced into changes brought about by urban development, practices of remembering are also controlled by dominant powers. These "monuments" are established in/as spaces to oblige an image of membership into a society ruled by such powers. Nevertheless, alternate sites of remembering counter these monumental spaces. This paper takes an interest in two novels that feature such places. Liwayway Arceo's Canal de la Reina (1972) and Suchen Christine Lim's The River's Song (2013) both figure rivers in Manila and Singapore, respectively. The eponymous river is the central axis of Canal de la Reina, entangled in class conflict and swift urban change in post-Commonwealth Manila. In The River's Song, the famous Singapore River provides a refuge for reminiscing about Singapore before the city-state's independence. Comparing these novels to what Filipino comparatist Ruth Jordana Pison calls fictional "counter-memory," we argue that their rivers remember personal and embodied experiences eliminated from hegemonic accounts of the city. Thus, they function as what we call "counter-monuments" for the urban poor marginalized in the history of the Philippines and Singapore.