The political economy of industrial policy in Korea

Article Abstract:

The state played an important role in the economic development of South Korea, using policies which amounted to more than a simple trade strategy, and which took a long-term view of development. Trade was important in bringing in foreign exchange to buy technology from abroad, but other policies such as investment in infrastructure were needed for the country's development. The case of Korea prompts an examination of the concept of competition, and supports the notion the competition involves costs, and is a means to an end, rather than an end in itself. The case is also less unique than might first appear, since successful industrialization policies elsewher have alsotended to involve adapting institutions from countries that are more advanced.

Economic aspects, Economic development, Korea

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The Persian Gulf War in the context of the debate over the political economy of US militarism

Article Abstract:

The 1991 Persian Gulf War can best be understood in the context of socio-economic forces in the United States with interests in military conflict. With the Soviet threat having disappeared, actual fighting was seen as needed to demonstrate the unpredictability of the changed order, and justify military spending. The military also needs to demonstrate apparent increased productivity in terms of fatalities or potential fatalaties per unit of capital, in order to compete for funds at a time of tighter budgetary constraints. Military operations are defined in terms of the needs of the miltary hardware market, rather than the market being geared to strictly military needs.

Analysis, Persian Gulf War, 1991, Military-industrial complex

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Industrial groups and territories: the case of Matra-Marconi-Space in Toulouse

Article Abstract:

A case study of Matra-Marconi-Space in Toulouse, France, gives a valuable insight into the way in which territorial considerations can play a key role in a company's choice of technological strategies. This company highlights how geographical proximity encourages a process of collective learning through the many types of cooperation which groups set up with their own establishments within a specific area. It is clear that an industrial group's spatial strategy is not determined only by market restrictions. Relations between groups and territories develop as a function of the group's own dynamics and the territory's dynamics.

Case studies, Industrial locations, Industrial location, Matra Marconi Space N.V.

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