• Korean System Dynamics Review
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• v.15 no.4
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• pp.101-127
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• 2014

This study aims to understand how and why each stage of capitalism grows and changes into the new direction in the moment of crisis, based on the systems thinking approach through the causal loop feedback structure. To achieve the research purpose, it classifies the evolution process of the capitalistic economic system into 4 types: Capitalism 1.0(Classical Laissez-Faire Capitalism), 2.0(Revised Capitalism), 3.0(Neo-liberalism), and 4.0(New Capitalism for the Future). This study focuses particularly on by which feedback structure the growth, crisis, and new transition of capitalism could be explained. The main research results are as follows. The intended positive feedback structure caused the growth at each early stage of capitalism. After that time, as a result of the uncontrolled growth, the negative feedback structure controlling its growth operated on the one hand, while the positive feedback structure amplifying the crisis did on the other hand. The study suggests the Resilient Capitalism as the new evolutional direction of Capitalism 4.0. It can contribute to strengthening its resilience by which all the economic players can recover promptly and flexibly from the crises such as the failure of competition and unemployment.

• Journal of the Korean Geographical Society
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• v.42 no.4
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• pp.582-600
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• 2007

In a long history of geography, a variety of regional concepts have been suggested to represent the particular situations in each period. Today, post-modem situations, characterized by the development of capitalism and globalization, demand a new variety of regional concepts. The regional characteristics, such as social relations, institutional systems, ideologies and symbolism, are now perceived basically on the level of subjectivity. Currently, it is the most urgent task to integrate many conflicting opinions among a variety of subjects into the one that would seek a voluntary consent from the majority of regional residents. In this paper, it is suggested that the concept of identity is the most efficient in examining and explaining the post-modem trend of a region: variability, subjectivity, mobility, changeability, Finally, it is suggested that a special attention should be paid to the role of institutions, that is institutionalization, in the construction of regional identity, to understand and interpret the cultural-historical aspect of a regional change.