Speakers
Gary Hamilton
Professor Emeritus(University of Washington) 아시아 자본주의 특별강연
Demand-led Capitalism: Implications for South Korean Manufacturers
Starting in the 1960s, the world economy began an organizational shift from national economies prioritizing production to a global economy that has become ever more sensitive to consumption. This global transformation was driven by the rise of large retailers and factory-less merchandisers that ordered goods that they sold from contract manufacturers, especially those located in Asia. The pace of this transformation rapidly increased after the 1980s, when a combination of events and innovations allowed global capitalism to take precedence over national economic development. The presentation will summarize this ongoing transformation and emphasize the dilemma it poses for large chaebol that depend on export manufacturing to sustain their businesses.
