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Author: Wontack Hong
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 188
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Book Description
Korea has experienced one of the most profound economic transformations of any nation in history, and remains a very important focus of academic inquiry. Whilst the process of catch-up in Korea - led by export-oriented growth - has been rapid and, in a sense, very successful, it has also been subject to turbulence, not least in a crisis of near bankruptcy that has dramatically revealed its Achilles heel. Informed by the 1997 crisis, Wontack Hong writes a new history of the Korean economy; one that seeks to understand export-oriented catch-up in newly industrialized countries (NICs) whilst offering a realistic appraisal and forewarning of the pitfalls which could signal self-destruction. Catch-up and Crisis in Korea offers a balanced perspective on the Korean economy, and on newly industrialized countries in general, for those who have a serious interest in understanding the industrialization process.
Author: Wontack Hong
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 188
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Book Description
Korea has experienced one of the most profound economic transformations of any nation in history, and remains a very important focus of academic inquiry. Whilst the process of catch-up in Korea - led by export-oriented growth - has been rapid and, in a sense, very successful, it has also been subject to turbulence, not least in a crisis of near bankruptcy that has dramatically revealed its Achilles heel. Informed by the 1997 crisis, Wontack Hong writes a new history of the Korean economy; one that seeks to understand export-oriented catch-up in newly industrialized countries (NICs) whilst offering a realistic appraisal and forewarning of the pitfalls which could signal self-destruction. Catch-up and Crisis in Korea offers a balanced perspective on the Korean economy, and on newly industrialized countries in general, for those who have a serious interest in understanding the industrialization process.
Author: Keun Lee
Publisher: Edward Elgar Publishing
ISBN: 1785367935
Category : Business & Economics
Languages : en
Pages : 388
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Book Description
This book elaborates upon the dynamic changes to Korean firms and the economy from the perspective of catch-up theory. The central premise of the book is that a latecomer’s sustained catch-up is not possible by simply following the path of the forerunners but by creating a new path or ‘leapfrogging’. In this sense, the idea of catch-up distinguishes itself from traditional views that focus on the role of the market or the state in development.
Author: Jang-Sup Shin
Publisher: Routledge
ISBN: 1134469381
Category : Business & Economics
Languages : en
Pages : 157
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Book Description
The 1997 South Korean financial crisis not only shook the country itself but also sent shock waves through the financial world at large. This impressive book critically assesses the conventional wisdom surrounding the Korean crisis and the performance of the IMF-sponsored reform programme.Looking first at the strengths and weaknesses of 'Korea Inc.
Author: Jongwon Choi
Publisher: Springer
ISBN: 3319524739
Category : Political Science
Languages : en
Pages : 149
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Book Description
This volume chronicles the policy challenges and adaptations faced and made by the South Korean government during the post-industrialization and democratization period. Following the model set by the first volume in the series, which covered the economic and social development during the developmental period from the 1960s to the 1980s, this volume examines how and to what extent the South Korean government has adapted to a variety of political, economic and social transformations since the 1990s. The book is divided in two parts. Part I reviews the changing policy environments and government policy paradigms in the wake of industrialization and democratization, focusing on the reorganization and coordination of government ministries and agencies. Part II explores key public policy areas, such as economics, social welfare, and foreign relations, where the South Korean government has successfully adapted to new policy challenges and environments. Drawing policy implications for the future actions of the South Korean government as well as for those countries wishing to replicate South Korea’s success and avoid its errors, this book of interest to both scholars and policy-makers concerned with development in the Asia-Pacific.
Author: Edmund Amann
Publisher: University of London Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
The 1990s saw lower- and middle-income countries throughout the world come under pressure to open their domestic markets to international trade and investment. Despite the progressive implementation of market-friendly policies, many emerging market countries experienced financial market volatility, exchange rate collapse, and slumps in output. These problems profoundly affected two of the world's largest middle-income industrialized countries —Brazil and South Korea. Despite superficial similarities, prior to the onset of crisis both countries had very different models of industrialization and had adopted contrasting approaches to trade and market reform.This collection analyzes the factors underlying the economic crises in South Korea and Brazil, pointing out areas of similarity and divergence. It also reviews the paths of recovery taken by both economies, examining the role of policy and variations in structural characteristics. Contributors include André Averburg (United Nations Development Programme/ Banco Nacional de Desenvolvimento Econômico e Social, Brazil), Fabio Giambiagi (Banco Nacional de Desenvolvimento Econômico e Social), Andrea Goldstein (OECD Development Centre), Louise Haagh (Department of Politics, University of York), Tat Yan Kong (School of Oriental and African Studies, University of London), José Ricardo Ramalho (Federal University of Rio de Janeiro, Brazil), Ben Ross Schneider (Center for International and Comparative Studies, Northwestern University), and Jaang-Sup Shin (Department of Economics, National University of Singapore).
Author: Stephan Haggard
Publisher: Cambridge University Press
ISBN: 9780521823630
Category : Business & Economics
Languages : en
Pages : 374
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Book Description
Asian business conglomerates have clearly been successful agents of growth, mobilizing capital, borrowing technology from abroad and spearheading Asia's exports. However, these firms have long had a number of organisational and financial weaknesses, including heavy reliance on debt, that make them vulnerable to shocks. Nowhere was this more true than in Korea, where the large corporate groups known as chaebol have dominated the economic landscape. This collection of essays by leading political scientists and economists provides a comprehensive look at the chaebol problem in the wake of the Asian financial crisis. The authors consider the historical evolution of the chaebol and their contribution to the onset of economic turmoil in 1997. The book analyses the government's short-run response to corporate and financial distress, and outlines an agenda for longer-term reform of the financial system, corporate governance and the politics of business-government relations.
Author: G. Rozman
Publisher: Palgrave Macmillan
ISBN: 9781349536238
Category : Political Science
Languages : en
Pages : 0
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Book Description
This study makes northeast Asia the focus of analysis on how the nuclear crisis in 2002-2006 affected strategic thinking. While all those in the Six-Party Talks are included, the author explores in particular debates about the standoff in four countries on the front lines (South Korea, China, Japan, and Russia).
Author: Dieter Ernst
Publisher:
ISBN:
Category :
Languages : en
Pages : 80
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Book Description
This paper addresses a puzzle: How is it possible that a country that has established a broad, export-oriented industrial base at record speed, remains vulnerable to the vicissitudes of international finance and currency markets? I argue that the Korean model that was tremendously successful for catching-up, has now reached its limits. The analysis centers on the co-evolution of industry structure and firm behavior. The focus is on the role of technological learning for the development of the electronics industry, a main carrier of Korea ́s successful late industrialization. It is shown that a heavy reliance on credit and an extremely unbalanced industry structure have given rise to a narrow knowledge base and a sticky pattern of specialization. Catching-up has focused on capacity and international market share expansion for homogeneous, mass-produced products; very little upgrading has occurred into higher-end and rapidly growing market segments for differentiated products and services. Such truncated upgrading is one important reason for Korea ́s vulnerability to the financial and currency crisis.
Author: Linda Glawe
Publisher: Springer Nature
ISBN: 3030871282
Category : Business & Economics
Languages : en
Pages : 356
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Book Description
In light of the growing global economic importance of East Asia, this book analyzes and compares the extraordinary development paths and strategies of Japan, South Korea, and China. It examines both the factors that enabled these countries’ prolonged periods of high-speed economic growth, and the reasons for their subsequent “cool-downs.” In addition, the book illustrates how their development strategies served as role models for one another, and what current and future developing countries can learn from the East Asian success stories. This book will appeal to scholars and students of economics and development studies with an interest in the East Asian development model.
Author: Frank S.T. Hsiao
Publisher: Anthem Press
ISBN: 1783086890
Category : Business & Economics
Languages : en
Pages : 385
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Book Description
Economic Development of Emerging East Asia presents economic studies of Taiwan and South Korea, compares them chiefly with Japan and the United States and finds that these East Asian countries are still in the process of emerging in the world economy. A timely quantitative and econometric analysis of the regional economies of emerging East Asia, the volume examines development indicators, effects of the 1997 Asian financial crisis, productivity growth, catching up and convergence of long run real GDP per capita growth, the time required for a country to catch up, colonialism and economic development in Taiwan and India. Arranged in increasing complexity of economic analyses, the chapters in this book provide a comprehensive understanding of emerging East Asian economies. In addition to serving as a handy reference for regional economists, policy analysts and researchers, Economic Development of Emerging East Asia can also be used as a textbook on economics and business.
