This paper evaluates the neoliberal economic restructuring process implemented in Korea following the 1997 Asian financial crisis. We first argue that the austerity macroeconomic policy of late 1997 and early 1998 was the main cause of the economic collapse in 1998, and that the decision of the...

The single most important fact about the contemporary pattern of global economic integration is that it is being guided by a predominant commitment to neoliberal economic policies. Considering both the global North and South, this paper examines three basic problems resulting from neoliberal...

Three unique features of the contemporary period of globalization stand out in contrast with the epoch of integration early in the 20th century: the rise of manufacturing capacity in less-developed countries; the expansion in cross-border financial trading; and the fact that integration is...