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Since the 1980s the Korean peninsula has been in a state of transition. Forged by the Cold War, the politico-economic systems of North and South Korea as well as the international system of Northeast Asia are in a state of flux. Apart from identifying the main aspects of the transition taking place, this volume explains the sources of change and continuity, and relates the empirical trends from Korea to the contemporary debates in the social sciences.
Alice H. Amsden describes how some developing countries outside the North Atlantic area were able to achieve accelerated economic growth following World War Two.
This volume covers the theoretical method, macroeconomics, microeconomics, international trade and finance, development, and policy of economic theory. It incorporates various alternative approaches as well as a broad spectrum of policy issues.
The book considers the historical origins of the current wave of market-oriented reform, reviews existing controversies on the design of economic reforms, and offers alternative criteria to evaluate policy performance. In particular it focuses on issues of macroeconomic adjustment and stabilization, liberalization policies, reform of the state, and interactions between economic and political transformation during the course of systemic transformation.