The Korean Economy: Reflections at the New MillenniumThe Korean economy has often been touted as a model of miraculous economic development which compressed full-scale industrialization into a single generation. These successes, however, have not come without past sacrifices and persisting side effects. The miracle must be carefully unpacked a task attempted by many of the contributors herein. This volume, Korean Economy: Reflections at the New Millennium, attempts to provide readers abroad with a balanced introduction to the economic issues which were inherent in the development of modern Korea by |
Contents
The Korean Takeoff | 29 |
Social and Economic Costs of Industrialization in Korea | 57 |
Achievements and Failures of the Korean Economy | 73 |
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activities agricultural allocation annual Asian authoritarian balance of payments Bank of Korea billion business conglomerates capital companies competition corporate restructuring costs countries debt democracy domestic economic crisis Economic Development Plan economic growth effects enterprises entrepreneurs exchange rate expanded exports factors financial institutions financial sector firms Five-Year Plan foreign exchange foreign exchange market funds global government's growth rate implementation important improve income increase industrial restructuring inflation interest rates investment irrationality jaebeol Japan Japanese jeongbo JoongAng Ilbo Kim Dae-jung Korean economy Korean government Korean War land reform liberalization loans macroeconomic major manufacturing measures ment moral hazard nomic period political problem production rapid ratio recent regime result role Seoul short-term SMEs social society South Korea stability strategy structural adjustment Table target tion trade trillion won wage workers World Bank