한국경제의 국가경쟁력 강화전략

The Strategy for Strengthering National Competitiveness of Korean Economy

Monopoly capitalists of South Korea have, in actuality, undergone difficulties in capital accumulation due to domestic and foreign environments negatively working to their economic activities. The strategy to break through such hardship has been proposed as globalization and improvement of national competitiveness that they are ardently advocating. However, as far as national economy is concerned, monopolists' strategies are not only contradictory to it, but should be cancelled reflecting its course of development. Korean monopolists, first of all, propose for us to maintain free competitive market in that. we possibly minimize governmental intervention in the market and regulation on business. However, the scheme is basically aimed at their taking hegemony over economic function of the government. If so, government should not give up its intristic functions and responsibilities for economic stability and growth. Secondly, monopoly capitalists are strongly demanding the enlargement of public investments in social overhead capital and scientific-technological development as well as the opportunity of private investment in public projects and privatization. Those suggestions might imply their intentions to control and own state capitals to accelerate accumulation of monopoly capital. To the extent that state resources are capitalized to help their accumulation, social policy contributing to the improvement of national welfare is relatively hurt. The state should play an active role in stability rather than economic growth. It, furthermore, should allocate its resources more to social development policies than to economic development considering poor conditions of social wellbeing. Thirdly, monopolists strongly insist that financial market should work on the competitive basis coupled with openness of banking market and self-managed, competitive banking industry. Such reform, however, contrives to strengthen their control over private sector capital mainly supplied by financial institutions. In addition, industrial monopolists with such tight control over capital market expect the future development into finance monopolists through the introduction of banking-specialized capital which government authorities and monopoly tycoons have already discussed. While the government should not permit banking-specialized capital institution, it can give incentives to the current banks that will lead to large-scale capital formation, advanced technique in management, development of profitable commodities and so on. Futhermore, the government should fulfill independence of the Bank of Korea from public finance so as to effectively prevent inflation through stabilization of money value. Fourthly, monopoly capitalists consistently advocate to open our market to foreign trade and investment. Such policy will help monopolists to enhance their cooperation with imperialistic, multinational capitalists thus their competitiveness becoming higher than that of other NICs or developing countries. Although their competing forces are improved, Korean monopolists will still remain lower status than the imperialistic capitalists on the basis of unequal relation in terms of world-wide competition. Strictly speaking, they, as before, will play a low-key part in overall international process of capital accumulation and reproduction. Finally, monopolists promise to innovate their management in order to achieve global strategy for high-lever industrialization. Furthermore, they are emphasizing distributional justice, stability of industrial relations, healthy social value, social stability to make strong competitiveness. However, monopoly tycoons should should give up their powerful ownership of their businesses and their own share of distributional structure. They also put an end to their absolute control over the market via wielding monopoly power to the small-medium firms and free and fair competition. Furthermore, they should repeal hard repres