Author : Kyuteg Lim Journal : The Korean Journal of International Studies Publisher : The Korean Association of International Studies Volume : 17(3) Publication Date : December, 2019 Abstract : In the existing International Political Economy literature, the Volcker Shock has been widely regarded as historical significance in the development of international political economy. Three successive waves of IPE have evolved to highlight it respectively, as a subjugation of the US state to pressures of foreign states, to international financial power, and institutional configurations of US financial power. Without close attention to the particular role of the US Federal Reserve, however, these observations obscure the unprecedented process of a new mode of monetary governance. This paper argues that the Volcker Shock ushered in the rise of the US Federal Reserve as a world monetary authority in a way that the inner-making process of autonomous monetary policy became a new way⋯

Authors : Hyun-Jae Ho Journal : Journal of Parliamentary Research Publisher : The Korea Parliamentary Research Institute Volume : 14(2) Publication Date : December, 2019 Abstract :This paper analyzes the 1987 constitutional system by focusing on representativeness, effectiveness and accountability which can be called the core principles of institutional design. The results of the analysis are as follows. Firstly, the 1987 constitutional system was focused on functional efficiency based on a thorough winner-take-all while excluding representativeness in its formation. Secondly, it failed to establish accountability as well as the intended efficiency in the outcome. What we have confirmed from these two facts is that the crisis of the 1987 constitutional system is not just a matter of the operation of the system, but a more fundamental problem stemming from the inconsistency of institutional combination based on the principles of the system’s institutional design. Thus, the alternative system should begin by⋯

Authors : Doo-Jin Kim Journal : The Journal of Asiatic Studies Publisher : Asiatic Research Center Volume : 62(4) Publication Date : December, 2019 Abstract :Discussing the question of whether Japanese rule contributed to the modernization of Korea is much likely to be problematic. Should the idea of modernization continue to possess heavy political implications ? In comparison with the concept of modernity as fixed, unified or universal progress, it is often suggested that we posit amultiplicity of kinds and fields of modernity, and attempt to discern features of modernization rather than defining the nature of progress on the basis of one or two criteria. The notion of ‘multiple modernities’ may denote a certain view of colonial modernization in Korean society similar to the actual developments in modernizing non-Western societies. In Korean humanities circle, particular attention has been paid to the discourse on ‘colonial modernity’ vs ‘exploitation theory’, thus leading⋯

Author : 안성준, 김남국 Journal : 정치사상연구  Publisher : 한국정치사상학회 Volume : 25(2) Publication Date : 2019년 11월 Abstract : This paper addresses an alternative perspective on how the political role of grief ought to be understood and examined in a democratic context. Against previous literature’s focus on grief as a singular means for the elites to manipulate the masses, we suggest that grief possesses various traits that each take part in stimulating the masses to certain political reactions. By cross-analyzing Sophocles’ Antigone and Thucydides’ account of Pericles’ Funeral Oration, we explore how the democratic citizenry have been triggered into reactionary political behaviors through grief. Specifically, this study asserts that the emotion of grief contains two political traits – contagiousness and antagonism – that, when triggered simultaneously, excites reactionary political movements from the masses. 국문초록: 이 논문은 민주주의 사회에서 애도(哀悼)의 정치적 역할이 어떻게 해석되어야 하는지에 대한 대안적 관점을 제시한다. 이 주제에⋯

Author : Iordanka Alexandrova Journal : The Southeast Asian Review Publisher : Korean Association of Southeast Asian Studies Volume : 29(4) Publication Date : June, 2019 Abstract : This article explains Thailand’s reduced commitment to the security alliance with the United States (US) in the aftermath of the Asian financial crisis of 1997-98. It argues that the economic pressure Washington applied against Bangkok was the primary cause of the change in Thailand’s policy. In the aftermath of the crisis, the US pushed for economic restructuring in Thailand, which hurt the interests of elite groups in the financial and corporate sectors, and the labor they employed. Fearing future losses, these social actors demanded that the leadership defend their interests against further foreign interference in the domestic economy. Thailand’s bargaining power vis-à-vis the US, however, remained relatively weak due to its excessive reliance for security on the great power ally. To regain⋯

Author : Kyuteg Lim Journal : Peace Studies Publisher : Korea University Peace and Democracy Institute Volume : Vol.27 No.2 Date : 2019. 10 Abstract : In the International Political Economy literature, it has been argued that either the strength of US national economy, US political power, or institutional developments determined the universal acceptance of the US dollar during the Bretton Woods era. These explanations do not appreciate the role of the US dollar outside the sphere of market exchange and the system of inter-states. Drawing on insights from the heterodox tradition of monetary thought, this paper argues that European states played a decisive role in developing the US dollar as world money in two ways. As European states used the US dollar as abstract measure of value for rebuilding their war-torn economies and issuing various debts, these European practices led to the institutionalization of the US dollar as world⋯

Author : Kyuteg Lim Journal : Peace Studies Publisher : Korea University Peace & Democracy Institute Volume : 27(2) Publication Date : October, 2019 Abstract : In the International Political Economy literature, it has been argued that either the strength of US national economy, US political power, or institutional developments determined the universal acceptance of the US dollar during the Bretton Woods era. These explanations do not appreciate the role of the US dollar outside the sphere of market exchange and the system of inter-states. Drawing on insights from the heterodox tradition of monetary thought, this paper argues that European states played a decisive role in developing the US dollar as world money in two ways. As European states used the US dollar as abstract measure of value for rebuilding their war-torn economies and issuing various debts, these European practices led to the institutionalization of the US dollar as world⋯

Author : Dong-Hun Kim, Sunwoo Paek Journal : Asian Education and Development Studies Publisher : Emerald Publishing Volume : 8(3) Publication Date : July, 2019 Abstract : The purpose of this paper is to examine how political/authoritarian regionalism affects foreign direct investment (FDI) in sub-national states in South Korea. This paper employs statistical analysis to examine the relationship between regionalism and FDI, along with historical description of regionalism in South Korea. The analyses suggest that not only authoritarian regionalism influence foreign investment to the region but also political regionalism matters. Sub-national states with higher authoritarian regionalism receive less foreign investment while sub-national states with high political regionalism, which imply political stability, receive more FDI than others. The paper examined how local politics influence foreign investments in South Korea, and suggests stronger decentralization will positively influence FDI in the future. Source link

Author : Iordanka Alexandrova Journal : International Journal of Korean Unification Studies Publisher : Korean Institute for National Unification Volume : 28(1) Publication Date : June, 2019 Abstract : This article helps understand the change in the European Union (EU)’s policy toward North Korea. In the first phase of their relationship, the EU actively participated in the security dialogue on the Korean Peninsula and engaged North Korea through economic and humanitarian assistance. Since 2003, Europe abandoned the conciliatory approach and repeatedly condemned Pyongyang’s nuclear and missile tests, while disengaging from regional security initiatives. This change was a byproduct of the consolidation of the EU’s Common Foreign and Security Policy. Two of its main features restricted the range of diplomatic options available to the EU in dealings with North Korea. The first was the designation of a possible Weapons of Mass Destruction arms race in the Middle East as an issue⋯

Authors : Chiwon Choi Journal : The Korean Review of Political Thought Publisher : Korean Society For Political Thought Volume : 25(1) Publication Date : May, 2019 Abstract : The reality or true identity of Arendt’s theory is not well understood, and its value is exaggerated. Arendt’s theory is repeatedly reproduced through the ‘Arendt scholarly cottage industry’. In the context of criticizing it, this study explores that Arendt’s ‘thinking’, while transformed into a superhistorical notion, becomes a empty theory in relation to the reality. In its core, there is an aestheticization of thinking through literature and art, and Heidegger provides a important theoretical foundation. Arendt’s method of aesthetic thinking is closely tied to the way she idealizes thinking. And these aestheticized and ideationalized thinking leads to a moralized thinking. This moralized thinking, however, is empty. Arendt’s concept of thinking reveals many contradictory and conflicting moments, and there are many deficiencies⋯