25 research outputs found
Economic crisis and the construction of a neo-liberal regulatory regime in Korea
A consistent theme of the literature on the ontology of the 1997 South Korean crisis is the key role played by regulatory failures and the growing weakness of the state. This paper seeks to briefly highlight both the insights and the limitations of this approach to understanding the crisis. Having done so, we shall set out the argument that the crisis created an opportunity for reformist Korean élites to advance their longstanding, but previously frustrated, project to create a comprehensive unambiguously neo-liberal regulatory regime. This paper will also seek to highlight the implications of our reading of the development of the Korean political economy for broader debates on economic liberalisation, crisis and the future of the developmental state
Les mécanismes du capitalisme financier
Frédéric F. Clairmonte : The machinery of financial capitalism.
In the processes of accumulation of capital, the multinational firms play a considerable part. The author studies the financial machineries they use mainly the leverage buyout — and shows that the speculation deriving from them generates destructive processes in the economy. He calls to the development of their democratic control, which requires long and hard political fights.Dans le processus d’accumulation du capital, les firmes multinationales jouent un rôle considérable. L’auteur examine les mécanismes financiers qu’elles mettent en œuvre — notamment les rachats par endettement — et souligne combien la spéculation qui en découle est génératrice de processus destructeurs pour l’économie. Il en appelle à une extension de leur contrôle démocratique qui passe nécessairement par des batailles politiques longues et ardues.Frédéric F. Clairmonte : Los mecanismos del capital financiero.
En el proceso de acumulación del capital, las firmas multinacionales desempeñan un papel importante. El autor examina los mecanismos financieros que utilizan y explica que la especulación genera procesos destructores para la economÃa. Apela a una extensión del control democratico que necesita luchas polÃticas largas y duras.Clairmonte F. F. Les mécanismes du capitalisme financier. In: Recherches Internationales, n°29-30, 1988. pp. 51-86
Quel marché ?
Clairmonte F. F. Quel marché ?. In: Recherches Internationales, n°36, 1990. pp. 81-83