For International Political Economy IPE paper assignment, I chosen South Korean as a case study for country that having experienced an improvement in the economic system. As we know, economic system is a manifestation of a nation’s history, characteristic, natural resources, and political policies. Major historical events are the core in the development of a country economic system. When we go back to South Korean history, we know Korean were under the Japanese Colony before the year 1945, and developments during these colonial periods are major in shaping the structure of Korean economic system.
Korean was under Japanese colonization for 35 years began 1910 and ended in 1945. Korean had a backward agriculture economy before Japanese attack, and Japan later introduced a modern merge of industrial capitalism. During the Japanese colonization, there were non-stop protests against the Japanese Colonization. The Japanese power ender in petition by the United State and the Soviet Union in 1945. Liberation and Korean War from 1950 to 1953 is another major historical event that helped to shape today’s Korea. Korean War split Korea into the Republic of Korea, South, and the Democratic People’s Republic of Korea, North. South Korean reproduce these historical background in their national characteristics, and have strong determination in liberation and building national identity.
As for South Korea, although experienced the Japanese colonization, it already won its liberation over North Korea and put on its status as a country internationally. And in addition, although South Korea is officially separated from North Korea politically, they remain to be enemies. Through military, economic, and political means, South and North Korea have been fight a competitive struggle for reputation, legitimacy and survival for more than five decades. South Korea also continuously struggle to distinguish its identity from North Korea by dissimilar performances in economy,
References: Chung, K, H. & Yi, H. C. (1997). Korean management: global strategy and cultural transformation. New York: DeGrruyter. Rhee, J, C. (2002). The state and industry in South Korea: the limits of the authoritarian state. Kwong, K, S. (2001). Industrial development in Singapore, Taiwan, and South Korea.