Context, Parasite Flashcards

(36 cards)

1
Q

__ of South Korea’s manufacturing facilities were destroyed from the war

A

50%

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2
Q

__ of the population lived in poverty

A

40%

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3
Q

Most Koreans were _______

A

illiterate

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4
Q

When did the ‘Miracle on the Han River’ take place?

A

1953-1997

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5
Q

The difference of GNP from 1962 to 1996

A

$2.5bn (more than double)

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6
Q

The difference in exports of manufactured goods

A

It increased by 62.1%

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7
Q

How did the government stimulate the miracle?

A

“State-guided capitalism”

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8
Q

What are chaebols?

A

Trans-nation corporations handpicked by the government, often family-owned.

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9
Q

What support were chaebols given?

A

Loans, subsides and tax breaks

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10
Q

In 1985, the top 10 Korean companies accounted for ___ of the total exports from Korea

A

72.2%

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11
Q

How did education change post-war?

A

Everyone could get an education and the government promoted the idea that it was essential

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12
Q

What became the main priority for families?

A

Getting a STEM subject degree

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13
Q

The average working hours in South Korea

A

68 hours per week (EXTREME work ethic!)

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14
Q

South Korea has received ____ of financial aid from the USA

A

$2.3 billion

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15
Q

How did Bong Joon-Ho describe the younger generation?

A

“Korea, on the surface seems like a very rich… country…the younger generation…feel…despair”, 2020

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16
Q

What is “Hell Joseon”

A

Korean teenage slang which suggests living in hell would be akin to living in Modern Korea (Joseon was an old dynasty)

17
Q

Percentage of students who go to university

18
Q

Percentage of students who go to sky universities

19
Q

Hagwon is…

A

extra school for CSAT (is the norm)

20
Q

_ of 10 students receive extra lessons

21
Q

The younger generation are _______ the job market

A

‘overcrowding’

22
Q

The fraction of Korean students who have suicidal thoughts over academic failure

23
Q

South Korea has the OECD’S highest whats?

A

Private spending on education and suicide rate

24
Q

What is the spoon class theory?

A

Belief that economic status is determined by their parents’ assets.

25
Banjihas make up __ of houses in Seoul
5% (200,000) so people have to compete for space
26
The pillars of capitalism?
Private Ownership, Profit, Free Market and Competition
27
Capitalism is all about...
Rational self-interest ("neither can obtain what they want without addressing what the other wants") to achieve economic prosperity
28
What is liberalism?
A belief in protecting and enhancing the freedom of the individual
29
Classical Liberalism emphasised...
Limited government intervention, individual liberty and free markets (laissez-faire)
30
Social Liberalism endorsed...
Social justice, government intervention for equality and common good (e.g welfare state)
31
Neoliberals believed...
Reducing government intervention fosters competition, innovation and economic prosperity.
32
Pillars of neoliberalism?
Privatisation, deregulation, free trade and tax cuts
33
In capitalism/neoliberalism, power and wealth are concentrated...
by a rich minority
34
Neoliberalism worsens social and economic inequalities by...
favouring the rich and impacting the most vulnerable through cutting spending and reducing social welfare programmes.
35
Privatisation limits...
access and affordability
36
Deregulation can lead to...
financial crises and labour exploitation