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Return of Marxian Macro-dynamics in East Asia

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Return of Marxian Macro-dynamics in East Asia

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Description

The economic growth in East Asia has been believed to be the model case of the triumph of capitalism. Some progressive economists, for example, the developmental state theorists, also praised the East Asian model as the progressive alternative to neoliberal market fundamentalism, arguing that they are the outcomes of state-led development.  However, with the sudden advent of the ‘Lost Decade of Japan’ in the 1990s, and the ensuing ‘IMF Crisis’ of South Korea in 1997, and now the imminent ‘hard landing’ of the Chinese economy, the East Asian miracle story is quickly becoming a thing of the past. East Asia has now become an epicentre of the contradictions and crisis of global capitalism. Today, deepening economic crises, exacerbation of social polarization, rising popular discontents, and escalating geopolitical tensions are common to China, Japan and Korea. Moreover, East Asia has been at the centre of global ecological contradictions. Indeed, East Asia has now become the typical place of Marxian macro-dynamics. ; This important and timely volume brings together experts in political economy from across the globe, to comment on the return of Marxian macro-dynamics in East Asia. The contributions explore macro-dynamics, the role of the state and hegemony in the context of transnational capitalism, and Marxian alternatives for East Asia.

Author Biography:

Masao Ishikura is Professor of Economics, Hitotsubashi University, Japan.; Seongjin Jeong is Professor of Economics, Gyeongsang National University, South Korea. Minqi Li is Professor of Economics, University of Utah, USA.
Release date NZ
August 21st, 2017
Audience
  • Professional & Vocational
Contributors
  • Edited by Masao Ishikura
  • Edited by Minqi Li
  • Edited by Seongjin Jeong
Pages
328
ISBN-13
9781787144781
Product ID
26795116

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