Macroeconomic Policy and Adjustment in Korea, 1970-1990
Harvard Institute for International Development, 1994 - Economic stabilization - 319 pages
This study of macroeconomic policy in Korea is a collaborative venture between the Korea Development Institute and the Harvard Institute for International Development. It was designed to update the previous joint study of Korea's modernization.
This volume provides an analytic history of Korean macroeconomic policy over the last two decades that integrates political as well as economic analysis. The book analyzes fiscal, monetary, financial, and labor-market policy, savings behavior, and the balance of payments, and draws conclusions for policy reform in other developing countries.
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The Political Economy
Macroeconomic Policy 19761980
6 other sections not shown
average Bank of Korea borrowing capital central bank chaebol changes Chemical Industry Plan Chun Chun Doo Hwan commercial banks consumption curb market current account deficit declined deposits depreciation devaluation developing countries domestic credit economic growth Economic Planning Board economic policy effects employment exchange rate expenditures export external debt financial institutions financial market firms fiscal policy foreign exchange funds growth rate Heavy and Chemical heavy industry household saving important inflation International International Monetary Fund investment labor market labor productivity liberalization loans macroeconomic macroeconomic policy major measures ment monetary policy National Newly Industrialized Country oil shock Park Chung Hee percent of GDP percentage period policymakers political private saving ratio real income reform relatively reserves revenues rise seigniorage Seoul Source South Korea stabilization Structural Adjustment substantial surplus Table target trade U.S. dollar wage increases workers World Bank Yushin
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