According to conventional interpretations, the Japanese annexation of
Korea in 1910 destroyed a budding native capitalist economy on the
peninsula and blocked the development of a Korean capitalist class until
1945. In this expansive and provocative study, now available in
paperback, Carter J. Eckert challenges the standard view and argues that
Japanese imperialism, while politically oppressive, was also the
catalyst and cradle of modern Korean industrial development. Ancient
ties to China were replaced by new ones to Japan - ties that have
continued to shape the South Korean political economy down to the
present day.
Eckert explores a wide range of themes, including the roots of
capitalist development in Korea, the origins of the modern business
elite, the nature of Japanese colonial policy and the Japanese colonial
state, the relationship between the colonial government and the Korean
economic elite, and the nature of Korean collaboration. He conveys a
clear sense of the human complexity, archival richness, and intellectual
challenge of the historical period. His documentation is thorough; his
arguments are compelling and often strikingly innovative.