Seminar: Capitalist Maturity and South Korea's Development Conundrum


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Brown Bag Seminar by Anthony P. D'Costa, Posco Visiting Fellow

When: Sep 24 2014 - 12:00pm until Sep 24 2014 - 1:00pm
Where: John A. Burns Hall, Room #3012, East-West Center

Korea’s economic development trajectory is well known. From an impoverished warn-torn nation, the country has progressed on all fronts. In the 1950s the country’s per capita income was estimated to be lower than India’s. Today the income difference is fifteen-fold in favor of Korea. It stands out internationally when it comes to education. Politically it has moved away from authoritarian to more spirited, people-driven democratic system. In short it seems to have achieved it all. This presentation will shift the debate to the question what does a country do after it has achieved prosperity. Using the concept of capitalist maturity the question is do we look for answers in the OECD experience or should we treat Korea on its own terms? What are the development challenges for Korea in the post-development era? That there are both external and internal issues that merit appropriate responses, this presentation focuses on Korea’s regional (Asian) economy, business and institutional responses to expanding Asia, and the societal adjustment issues to increasing flows of Asian students, professionals, and unskilled workers. The presentation concludes by briefly indicating the many unfinished domestic reforms at multiple levels, which could reinforce Korea’s external engagement and potentially resolve the development conundrum arising from capitalist maturity.

Anthony P. D'Costa is the Chair of Contemporary Indian Studies at the University of Melbourne (development Studies) and the Australia India Institute. He was the Research Director and A.P. Moller-Maersk Professor of Indian Studies, Asia Research Centre at the Copenhagen Business School, Denmark (2008-13). He was also with the University of Washington for 18 years. He has written extensively on the political economy of steel, auto, and IT industries covering themes of capitalism and globalization, development, innovations, and industrial restructuring in India and Northeast Asia.

Of his several books, most recently he co-edited Transformation and Development: The Political Economy of Transition in India and China with Amiya Kumar Bagchi (2012), Globalization and Economic Nationalism in Asia (edited, 2012), and A New India? Critical Reflections in the Long Twentieth Century (edited, 2010).He is working on globalization and the international mobility of IT workers (Routledge) and After Development Dynamics: South Korea’s Engagement with Contemporary Asia (edited, Oxford). He has been a fellow of the American Institute of Indian Studies, Fulbright-Hays, Korea Foundation, Social Science Research Council, World Institute of Development Economics Research, Abe (Japan Foundation), and POSCO Fellow, East West Center.

Primary Contact Info:
Name: Cynthia Wasa Nakachi
Phone: 808.944.7439
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