You may have to Search all our reviewed books and magazines, click the sign up button below to create a free account.
This book provides a unique and refreshing look at the Korean economy over the past 60 years. While most books and articles on the Korean economy would be technical or specifically address some aspect of Korea, this book takes an overarching view of Korea’s economic development. It assesses Korea’s economic take-off in the 1960s and 1970s, but also views the problems of ‘economic egalitarianism’ since the late-1980s to today. The book begins by listing and dispelling a number of important myths of the Korean economy and concludes by providing eight important ‘lessons’ derived from Korea’s experiences for developed as well as developing countries.
The reader will find here analyses of a wide range of past and current policy experiences and reform efforts in Korea. The policy lessons drawn are designed to aid Korea's transformation from the government-led development model to a modern market-orientated economic system. The main tenet of this book is that Korea's economic future depends entirely upon the successful integration of market-orientated systems and as such, policy recommendations are duly presented.
Korea's development process offers valuable lessons for other developing and less developed economies. This volume examines the Korean model and Korea's march toward a knowledge economy from a poverty-ridden economy before the launch of full-scale industrialization in the early 1960s.
How did a country with a dearth of natural resources, a sprawling population congested in a limited arable land transform itself to a modern industrial state within a generation? How could these have been achieved given the lingering geopolitical threats to its very survival as a state, as evidenced by the Korean War and the internecine aggressive posturing of its neighbor from the north? This book looks at strategies, institutional arrangement, role of entrepreneurs and workers in this odyssey, and on how those factors have worked together through effective leadership to transform South Korea’s economic fortunes.
Preface 1. A Quantitative Comparison of Socio-Economic Conditions in North and South Korea : Implications for a Prospective Reunification - Nicholas Eberstadt 2. Economic Policy During and After Reunification in Korea - Sung-Hee Jwa and Chan Guk Huh 3. Economic Institution Building - Joachim Ragnitz 4. Korean Unification and the Privatization of North Korean Economy - Kun-Young Yun 5. Constructing a Social Safety Net for Korean Unification - Sung-Yeal Koo 6. Improving Business Environment - Udo Ludwig 7. The Cost and Financing of Korea Unification - Young-Sun Lee
Kuznets focuses on the four key characteristics of South Korean economic development since the mid-1960s: relatively high investment rates, labor market competition, export orientation, and a strong, interventionist government. He uses an informal model to simplify the complex relations that underlie Korea's outstanding growth and also assesses the relevance of the model for other countries. The work is designed to be read by non-specialists, in that no prior knowledge of Korea has been assumed. The work concentrates on economic issues, and policy choices are of particular interest. References are made to English-language literature on economic development in general and on Korean development in particular.