From Miracle to Mirage

From Miracle to Mirage
Author :
Publisher : Cornell University Press
Total Pages : 200
Release :
ISBN-10 : 9781501710742
ISBN-13 : 1501710745
Rating : 4/5 (745 Downloads)

Book Synopsis From Miracle to Mirage by : Myungji Yang

Download or read book From Miracle to Mirage written by Myungji Yang and published by Cornell University Press. This book was released on 2018-03-15 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Myungji Yang’s From Miracle to Mirage is a critical account of the trajectory of state-sponsored middle-class formation in Korea in the second half of the twentieth century. Yang’s book offers a compelling story of the reality behind the myth of middle-class formation. Capturing the emergence, reproduction, and fragmentation of the Korean middle class, From Miracle to Mirage traces the historical process through which the seemingly successful state project of building a middle-class society resulted in a mirage. Yang argues that profitable speculation in skyrocketing prices for Seoul real estate led to mobility and material comforts for the new middle class. She also shows that the fragility inherent in such developments was embedded in the very formation of that socioeconomic group. Taking exception to conventional views, Yang emphasizes the role of the state in producing patterns of class structure and social inequality. She demonstrates the speculative and exclusionary ways in which the middle class was formed. Domestic politics and state policies, she argues, have shaped the lived experiences and identities of the Korean middle class. From Miracle to Mirage gives us a new interpretation of the reality behind the myth. Yang’s analysis provides evidence of how in cultural and objective terms the country’s rapid, compressed program of economic development created a deeply distorted distribution of wealth.


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