International Journal of Engineering Technology and Scientific Innovation
Submit Paper

Title:
THE LEGACY OF FRIEDRICH LIST: THE EXPANSIVE REPRODUCTION SYSTEM AND THE KOREAN HISTORY OF INDUSTRIALIZATION

Authors:
Bogang Jun, Alexander Gerybadze, Tai-Yoo Kim

|| ||

1Bogang Jun, 2Alexander Gerybadze, 3Tai-Yoo Kim
1. The MIT Media Lab, Massachusetts Institute of Technology, Cambridge, MA 02139
2. Institute of Marketing & Management, University of Hohenheim, D-70593 Stuttgart, Germany.
3. Technology Management, Economics, and Policy Programs, Seoul National University, Seoul 151746, South Korea.

MLA 8
Jun, Bogang, et al. "THE LEGACY OF FRIEDRICH LIST: THE EXPANSIVE REPRODUCTION SYSTEM AND THE KOREAN HISTORY OF INDUSTRIALIZATION." IJETSI, vol. 4, no. 3, May-June 2019, pp. 141-171, ijetsi.org/more2019.php?id=11. Accessed June 2019.
APA
Jun, B., Gerybadze, A., & Kim, T. (2019, May/June). THE LEGACY OF FRIEDRICH LIST: THE EXPANSIVE REPRODUCTION SYSTEM AND THE KOREAN HISTORY OF INDUSTRIALIZATION. IJETSI, 4(3), 141-171. Retrieved from ijetsi.org/more2019.php?id=11
Chicago
Jun, Bogang, Alexander Gerybadze, and Tai-Yoo Kim. "THE LEGACY OF FRIEDRICH LIST: THE EXPANSIVE REPRODUCTION SYSTEM AND THE KOREAN HISTORY OF INDUSTRIALIZATION." IJETSI 4, no. 3 (May/June 2019), 141-171. Accessed June, 2019. ijetsi.org/more2019.php?id=11.

References
[1]. Amsden, Alice H. (1992). Asia's Next Giant: South Korea and Late Industrialization. Oxford University Press.
[2]. Braudel, Fernand. (1982). Civilization and Capitalism, 15th-18th Century: The Wheels of Commerce. University of California Press.
[3]. Choi, D. G. (1992). Government in the development era: the Role of Bureaucracy that Leads the Miracle of Han River, Seoul: The Korea Economic Daily
[4]. Economic Planning Board. (1959). The minutes of the 25th meeting, The Ministry of Finance and Economy of Korea, December 24, 10 20 AM
[5]. Evans, Peter B. (1995). Embedded Autonomy. Princeton, N.J: Princeton University Press.
[6]. Freeman, Christopher. (1987). Technology, Policy, and Economic Performance: Lessons from Japan. Pinter Publishers.
[7]. Galor, Oded. (2011). Unified Growth Theory. Princeton University Press.
[8]. Gerschenkron, Alexander. (1962). Economic Backwardness in Historical Perspective: A Book of Essays. Cambridge: Belknap Press of Harvard University Press.
[9]. Gerybadze, Alexander (2016) Industrial Development Strategies in Asia: The Influence of Friedrich List on Industrial Evolution in Japan, South Korea, and China, in: Hagemann,
[10]. H., Seiter, S., Wendler, E., Through Wealth to Freedom, Routledge Studies in the History of Economic Thought, London, 2016
[11]. Henderson, William. (1983). Friedrich List: Economist and Visionary 1789-1846. London, England ; Totowa, N.J: Routledge.
[12]. Hirschman, Albert O. (1958). The Strategy of Economic Development. New Haven: Yale University Press.
[13]. Johnson, Chalmers A. (1982). MITI and the Japanese Miracle: The Growth of Industrial Policy, 1925-1975. 1 edition. Stanford, Calif: Stanford University Press.
[14]. Jun, Bogang, and Tai-Yoo Kim. (2015). "A Neo-Schumpeterian Perspective on the Analytical Macroeconomic Framework: The Expanded Reproduction System." In. UNU-MERIT, Maastricht University
[15]. Jun, Bogang, and Joongho Lee. (2014). "The Tradeoff between Fertility and Education: Evidence from the Korean Development Path." FZID Discussion Paper 92-2014.
[16]. University of Hohenheim, Center for Research on Innovation and Services (FZID).
[17]. Kim, J., (1990). The History of Korean Economic Policy for 30 years: memoir of Kim Jeongryum, Seoul: Joongang Ilbosa
[18]. Kim, J., (2013). The Rise of the Seonjinguk Discourse and the Formation of Developmental National Identity during the Park Chung-Hee Era: Analyzing Presidential Addresses and the Chosun Ilbo, Korean Journal of Sociology, Vol. 47, No. 1, pp. 71-316
[19]. Kim, K.,S., and Hong, S.,D., (1990). The Analysis of Industrial Development and Structural change with long-term perspective: 1955-85, Korea Development Institute, Vol. 12, No. 1, pp. 3-29
[20]. Kim, K., S., (1980). The Pattern of Industrialization in Korea and Its Cause, Korea Development Institute, No. 36
[21]. Kim, Tai-yoo, and Almas Heshmati. (2013). Economic Growth: The New Perspectives for Theory and Policy. Berlin: Springer.
[22]. Kim, Y.,B. (2005). The Industrial Policy Processes of Korea in 1980s - the case of the Industry Development Law, Hankookjeongchiyeongu (The Studies on Korean Politics), Vol. 8, No. 1, pp. 241-259
[23]. Korea International Trade Association (2015) statistics of trade, data is available at http://stat.kita.net
[24]. Lee, D., (2013). The Rise of the Seonjinguk Discourse and the Formation of Developmental National Identity during the Park Chung-Hee Era : Analyzing Presidential Addresses and the Chosun Ilbo, Korean Journal of Sociology, Vol. 47, No. 1, pp. 71-106
[25]. Lee, D., (2009). The economic policies in the era of Park Chung-Hee government: political economy of a double-edged sword, Yeoksa wa Hyunsil (History and reality), Vol. 74, pp. 79-112
[26]. Lee, S., C., (2002). Formation of Industrial Policy in Korea-the Case of Steel Industry in the 1960s, Journal of Korean Economic Development, Vol. 10, Vol. 1, pp. 137-166
[27]. Lee, S.,C.,(2002). The Development of Korean Industrial Policy in the 1960s and 1970s: Formation of Mechanism for Resource Allocation, Economy and Society, Vol. 57, pp. 110-137
[28]. Leftwich, Adrian. 1995. "Bringing Politics Back in: Towards a Model of the Developmental State." The Journal of Development Studies 31 (3): 400-427. doi:10.1080/00220389508422370.
[29]. Levi-faur, David. 1997. "Friedrich List and Political Economy of the Nation-State." Review of International Political Economy, 154-78.
[30]. List, Friedrich. (1841) Trans. Sampson S. Lloyd (1885). The National System of Political Economy. London, Longmans, Green.
[31]. Lundvall, Bengt Ake. 2007. "Innovation Sytem Research: Where It Came from and Where It Might Go." Globelics Working Paper, no. 2007-01.
[32]. Lundvall, Bengt-Ake, Bjorn Johnson, Esben Sloth Andersen, and Bent Dalum. 2002. "National Systems of Production, Innovation and Competence Building." Research Policy 31 (2): 213-31. doi:10.1016/S0048-7333(01)00137-8.
[33]. Myrdal, Gunnar. 1968. Asian Drama: An Inquiry Into the Poverty of Nations-. First Print edition. Random House.
[34]. Niosi, Jorge, Paolo Saviotti, Bertrand Bellon, and Michael Crow. 1993. "National Systems of Innovation: In Search of a Workable Concept." Technology in Society 15 (2): 207-27. doi:10.1016/0160-791X(93)90003-7.

Abstract:
This study revisits the theory of Friedrich List from a more comprehensive and modernized perspective and applies it to the Korean history of industrialization. Although List is well known as the scholar who insisted on the protection of infant industry, his argument on protectionism is a part of the broader picture depicted in his book The National System of Political Economy (1841). This study follows his theoretical legacy in various fields of study. Although we can find his theoretical influence in several fields of research such as the national innovation system, concept of national competitiveness, and theory of developmental state, these studies fail to embrace all the arguments of List. Additionally, theses models focus more heavily on the explanation of historical and regional development phenomena without providing general principles of economic development behind the phenomena. This study therefore aims to suggest the expansive reproduction system as a generalized and modernized version of List's theory and to show its example by using the Korean history of industrialization. Consequently, we argue that the economic development of Korea has been achieved by putting the theory of List into practice.

IJETSI is Member of