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FROM MIRACLE TO MIRAGE: The Making and Unmaking of the Korean Middle Class, 1960–2015

Pacific Affairs, 2019, Vol.92 (2), p.347-349 [Peer Reviewed Journal]

Copyright Pacific Affairs. The University of British Columbia Jun 2019 ;ISSN: 0030-851X ;EISSN: 0030-851X

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  • Title:
    FROM MIRACLE TO MIRAGE: The Making and Unmaking of the Korean Middle Class, 1960–2015
  • Author: Kuznets, Paul
  • Subjects: Apartments ; Consumption ; Cost control ; Economic crisis ; Housewives ; Middle class ; Nonfiction ; Selling
  • Is Part Of: Pacific Affairs, 2019, Vol.92 (2), p.347-349
  • Description: Since "middle class" is a particularly vague term, Yang focusses on the group of professionals and managers that moved to Seoul's newly developed Gangnam district. [...]many of Korea's "frugal" housewives could game the system, buying and selling lottery tickets, moving frequently to ever larger apartments, and borrowing in others' names to buy multiple tickets. Since prices rose more rapidly in Gangnam than elsewhere, families with more holdings became more wealthy, creating a split between middle class haves and have nots. [...]Yang speaks of an "imagined middle class" but no imagination is required because the middle class was already there in the early 1960s.
  • Publisher: Vancouver: Pacific Affairs. The University of British Columbia
  • Language: English
  • Identifier: ISSN: 0030-851X
    EISSN: 0030-851X
  • Source: ProQuest Central

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