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Korean Economic Development in the 1950s and 1960s
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achieve advanced countries agricultural Antidumping duties balance of payments bank loans Bank of Korea basic billion borrowers chemical industries commercial banks competitive condensed growth conglomerates current account decades deficit demand developing countries domestic economic development economic growth economic policy entrepreneurs established exchange rate expand export promotion financial market financial sector firms five-year plan foreign capital foreign exchange Fred Bergsten funds growth rate heavy and chemical import liberalization income industrial policy inflation innovations interest rates interest-rate policy ISBN cloth ISBN paper Japan Japanese Japanese yen John Williamson Korean economy Korean exports Korean government Korean workers labor disputes labor-intensive macroeconomic manufacturing medium enterprises ment monetary nomic nonbank financial institutions North Korea percent plan period policy loans problems rapid ratio real sector real wages role small and medium SMEs Source strategy surplus Table Taiwan tion unions United wage rates workers