Free trade agreements and “economic territory” as a geoeconomic imaginary in South Korea

Abstract

Since the early 2000s, the discourse of “economic territory” has surfaced in conjunction with economic neoliberalization in South Korea. This paper argues that economic territory as a geoeconomic imaginary not only facilitated the expansion of free trade agreements as an accumulation strategy but also served as a hegemonic project which masked the nature of an accumulation strategy as a class project and consolidated political legitimacy by manipulating nationalism. To examine this linkage, it critically draws upon the idea of cultural political economy (CPE) developed by Lancaster-based sociologists Bob Jessop and Ngai-Ling Sum. This paper offers a fresh and more substantial interpretation of South Korea’s political economy and opens up new analytical space for CPE.