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Political Economy of Korean and East Asian Development

Key information

  • Module code:

    6AAOB507

  • Level:

    6

  • Semester:

      Spring

  • Credit value:

    15

Module description

Korea and other East Asian countries are considered to be exemplars of post-World War II economic development. Starting with Japan, continuing with Korea,Hong Kong, Singapore and Taiwan, and following with China, several East Asian countries have shown that development is possible in the contemporary global system. Collectively known as Developmental states (DS), these countries serve as models for developing and emerging countries in other regions. Making use of an applied political economy approach, this module seeks to explain the political economy of Korean and East Asian development. The module will use Korea as the paramount case with which to analyse the reasons why East Asian countries have successfully developed and how the DS has transformed into the post-DS following the Asian and Global financial crises.

*Please note that module information is provisional and may change from year to year.

Assessment details

One 3000 word essay (100%)

Educational aims & objectives

The educational aim of this module is for students to learn about the political economy of East Asian development, with particular emphasis on Korea as the paramount case of the East Asian development state (DS). Students will learn about three interrelated areas: (1) the political economy of the origins, evolution and institutional characteristics of the economies of Korea, Japan as the original DS, the other tiger economies of Hong Kong, Singapore and Taiwan, and the most recent DS of China in comparative perspective; (2) the political economy of the recent evolution and current state of Korea and the other East Asian economies in their post-developmental, developed country phase, especially in the aftermath of the Asian and Global financial crises, and (3) the applicability (or lack thereof) of the DS to other world regions in comparative perspective.

Learning outcomes

At the end of the module students will:

  • Demonstrate knowledge about the history, evolution and current state of the study and research of the political economy of Korean and East Asian development.
  • Have competence to select an appropriate mix of sources to critically assess the main empirical debates in the sub-fields of the political economies of the Developmental State, the Post-developmental State, and comparative development.
  • Have the ability to identify and analyse the main similarities and differences across Korea and other East Asian developmental states.
  • Critically evaluate the rationale, strengths and weaknesses of the Developmental State and the Post-developmental State.
  • Identify, select and apply evidence from the literature to assess the political economy of Korean and East Asian development.
  • Develop and apply techniques to conduct research on the political economy of Korean and East Asian Development.

Teaching pattern

Two hours per week, one lecture and one seminar 

Suggested reading list

Core texts

  • Yin-Wah Chu (ed.), The Asian Developmental State: Reexaminations and New Departures (London: Palgrave Macmillan, 2016)
  • Peter Evans, Embedded Autonomy: States and Industrial Transformation (Princeton: Princeton University Press, 1995)
  • Anil Hira, An East Asian Model for Latin American Success: The New Path (London: Routledge, 2007)
  • Eun Mee Kim, Big Business, Strong State: Collusion and Conflict in South Korean Development, 1960-1990 (New York: State University of New York Press, 1997)
  • Atul Kohli, State-Directed Development: Political Power and Industrialization in the Global Periphery (Cambridge: Cambridge University Press, 2004)
  • Elizabeth Thurbon, Developmental Minset: The Revival of Financial Activism in South Korea (Ithaca: Cornell University Press, 2016)
  • Meredith Woo-Cummings (ed.), The Developmental State (Ithaca: Cornell University Press, 1999)

Module description disclaimer

King’s College London reviews the modules offered on a regular basis to provide up-to-date, innovative and relevant programmes of study. Therefore, modules offered may change. We suggest you keep an eye on the course finder on our website for updates.

Please note that modules with a practical component will be capped due to educational requirements, which may mean that we cannot guarantee a place to all students who elect to study this module.

Please note that the module descriptions above are related to the current academic year and are subject to change.