Overseas cycle structure and NICs' type dependence in Korean capitalism

Abstract

The crisis of IMF (the suspension of exchanging gold and dollar; break down dollar exchange standard system) and micro-electronics revolution was delivered from contradiction in the structure which modern imperialism had created after World War II. The main goal of this study analyzes the NICs' construction of capital accumulation. In such a case, we have to analyze the production process in NICs. So we are able to make clear the structure created by modern imperialism after World War II and to confirm "East Asia Integration" (America-Japan-Korea) of this day. Therefore we are able to clear the new stage of imperialistic dependence of NICs' type in the '70's. The object of these analysis should be South-Korea. In Korea, worker in agriculture, forestry and fishery amounted to 62% of whole workers, and also these output came to 40% of gross output in 1960's. Such agricultural country accomplishes industrialization to turn into heavy and chemical industrial country in the past 10 years or so. But as a result of industrialzation, Korea's trade balance goes into red ink and the degree of dependence upon foreign trade is increasing every year. It comes to 65% on the average after 1975 and at last 70% in 1981. The development of capitalism in Korea after '70's is based on the growth of the machinery and tool industry. This growth is also much indebted to the machine and tool import. It is necessary for the export to increase the speed. In view of the process of production, the dependence on import and the compulsion in export come to the division of production process. This is the mechanism of Korea development of capitalism and the base of the relation amoung Japan-Korea-America.