Author: Duck-Koo Chung
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 400
Book Description
More than five years have passed since South Korea fell prey to the Asian financial crisis. Chung (international studies, Seoul National University) and Eichengreen (economics, political science, University of California-Berkeley) bring together experts from Korea and other countries to better understand the onset and causes of the crisis and the p
The Korean Economy Beyond the Crisis
Author: Duck-Koo Chung
Publisher: Edward Elgar Publishing
ISBN: 1843769735
Category : Business & Economics
Languages : en
Pages : 388
Book Description
More than five years have passed since South Korea fell prey to the Asian financial crisis. Bringing together experts from Korea and a variety of other countries, this book aims to better understand the three stages of the Korean crisis: the onset, the policy reaction, and the economic response. Providing an integrated analysis of the event and its consequences, the chapters in the book consider the causes of the crisis, the response of the US government and International Monetary Fund, adjustments in the Korean monetary and fiscal policies, and the success of financial and corporate restructuring. The concluding chapters bring the story up-to-date, describing the aftermath of the crisis and assessing whether there has been sufficient reform to facilitate the country s recovery and growth. International and also Asian economists will find this a thoroughly accessible and illuminating book, as will specialists on Korea, political scientists and political economists.
Publisher: Edward Elgar Publishing
ISBN: 1843769735
Category : Business & Economics
Languages : en
Pages : 388
Book Description
More than five years have passed since South Korea fell prey to the Asian financial crisis. Bringing together experts from Korea and a variety of other countries, this book aims to better understand the three stages of the Korean crisis: the onset, the policy reaction, and the economic response. Providing an integrated analysis of the event and its consequences, the chapters in the book consider the causes of the crisis, the response of the US government and International Monetary Fund, adjustments in the Korean monetary and fiscal policies, and the success of financial and corporate restructuring. The concluding chapters bring the story up-to-date, describing the aftermath of the crisis and assessing whether there has been sufficient reform to facilitate the country s recovery and growth. International and also Asian economists will find this a thoroughly accessible and illuminating book, as will specialists on Korea, political scientists and political economists.
The Korean Economy Beyond the Crisis
Author: Duck-Koo Chung
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 400
Book Description
More than five years have passed since South Korea fell prey to the Asian financial crisis. Chung (international studies, Seoul National University) and Eichengreen (economics, political science, University of California-Berkeley) bring together experts from Korea and other countries to better understand the onset and causes of the crisis and the p
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 400
Book Description
More than five years have passed since South Korea fell prey to the Asian financial crisis. Chung (international studies, Seoul National University) and Eichengreen (economics, political science, University of California-Berkeley) bring together experts from Korea and other countries to better understand the onset and causes of the crisis and the p
The Korean Financial Crisis of 1997—A Strategy of Financial Sector Reform
Author: Mr.Angel J. Ubide
Publisher: International Monetary Fund
ISBN: 1451844646
Category : Business & Economics
Languages : en
Pages : 67
Book Description
After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.
Publisher: International Monetary Fund
ISBN: 1451844646
Category : Business & Economics
Languages : en
Pages : 67
Book Description
After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.
Economic Crisis and Corporate Restructuring in Korea
Author: Stephan Haggard
Publisher: Cambridge University Press
ISBN: 9780521823630
Category : Business & Economics
Languages : en
Pages : 374
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.
Publisher: Cambridge University Press
ISBN: 9780521823630
Category : Business & Economics
Languages : en
Pages : 374
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.
Crisis on the Korean Peninsula
Author: Michael O'Hanlon
Publisher: McGraw Hill Professional
ISBN: 0071435530
Category : Business & Economics
Languages : en
Pages : 242
Book Description
"In describing their comprehensive proposal for negotiations with North Korea, O'Hanlon and Mochizuki exhibit the strategic creativity and analytical depth badly needed by United States policy makers dealing with this strange, dangerous place." --Ash Carter, former Assistant Secretary of Defense and Ford Foundation Professor of Science and International Affairs, John F. Kennedy School of Government, Harvard University IN EARLY 2002, in his fateful state of the union address, President Bush described North Korea as being a member of the "Axis of Evil." Since then, the U.S. has gone to war with Iraq, and the world now wonders what the future of Bush's preemption policy will bring. Many of the nation's top experts feel that North Korea is a more imminent threat than Saddam's Iraq was. They have a nuclear program, a million-man army, and missiles to deploy and export. In Crisis on the Korean Peninsula, Michael O'Hanlon, a Senior Fellow at Brooking and visiting lecturer at Princeton, and Mike Mochizuki, endowed chair in Japan-US Relations at G.W. University, not only examine this issue in detail but also offer a comprehensive blueprint for diffusing the crisis with North Korea. Their solution comes in the form of a "grand bargain" with North Korea. Accords could be negotiated step-by-step, however they need to be guided by a broad and ambitious vision that addresses not only the nuclear issue but also the conventional forces on the hyper-militarized peninsula and the ongoing decline of the North Korean economy.
Publisher: McGraw Hill Professional
ISBN: 0071435530
Category : Business & Economics
Languages : en
Pages : 242
Book Description
"In describing their comprehensive proposal for negotiations with North Korea, O'Hanlon and Mochizuki exhibit the strategic creativity and analytical depth badly needed by United States policy makers dealing with this strange, dangerous place." --Ash Carter, former Assistant Secretary of Defense and Ford Foundation Professor of Science and International Affairs, John F. Kennedy School of Government, Harvard University IN EARLY 2002, in his fateful state of the union address, President Bush described North Korea as being a member of the "Axis of Evil." Since then, the U.S. has gone to war with Iraq, and the world now wonders what the future of Bush's preemption policy will bring. Many of the nation's top experts feel that North Korea is a more imminent threat than Saddam's Iraq was. They have a nuclear program, a million-man army, and missiles to deploy and export. In Crisis on the Korean Peninsula, Michael O'Hanlon, a Senior Fellow at Brooking and visiting lecturer at Princeton, and Mike Mochizuki, endowed chair in Japan-US Relations at G.W. University, not only examine this issue in detail but also offer a comprehensive blueprint for diffusing the crisis with North Korea. Their solution comes in the form of a "grand bargain" with North Korea. Accords could be negotiated step-by-step, however they need to be guided by a broad and ambitious vision that addresses not only the nuclear issue but also the conventional forces on the hyper-militarized peninsula and the ongoing decline of the North Korean economy.
Strategic, Policy and Social Innovation for a Post-Industrial Korea
Author: Joon Nak Choi
Publisher: Routledge
ISBN: 1351183001
Category : Business & Economics
Languages : en
Pages : 235
Book Description
Export-oriented industrialization has transformed the Korean economy so profoundly that it has become known as the "Miracle on the Han." Yet, this industrial model has become fragile, as Korea’s chaebols are being challenged by Chinese competitors. Attempts to seek out new engines of economic growth have failed, or remain underdeveloped, while a looming demographic crisis threatens to exacerbate Korea’s problems. This book outlines a blueprint for overcoming these challenges, moving beyond the business strategies, government policies, and socio-cultural patterns established under export-oriented industrialization. Written by a stellar line-up of international contributors, its central proposition is that social change is needed to support the strategic and operational transformation of the chaebol and SMEs. Specifically, it stresses the need for an appreciation of the gender, national, and ethnic diversity emerging within the Korean workplace today. If properly leveraged, such diversity has the potential to reduce the groupthink that hampers the creativity and responsiveness of Korean firms today, as well as facilitating greater success in overseas markets. Taking an interdisciplinary approach, this book will be useful to students and scholars in Korean Studies, as well as those studying business, economics, and sociology more broadly in East Asia.
Publisher: Routledge
ISBN: 1351183001
Category : Business & Economics
Languages : en
Pages : 235
Book Description
Export-oriented industrialization has transformed the Korean economy so profoundly that it has become known as the "Miracle on the Han." Yet, this industrial model has become fragile, as Korea’s chaebols are being challenged by Chinese competitors. Attempts to seek out new engines of economic growth have failed, or remain underdeveloped, while a looming demographic crisis threatens to exacerbate Korea’s problems. This book outlines a blueprint for overcoming these challenges, moving beyond the business strategies, government policies, and socio-cultural patterns established under export-oriented industrialization. Written by a stellar line-up of international contributors, its central proposition is that social change is needed to support the strategic and operational transformation of the chaebol and SMEs. Specifically, it stresses the need for an appreciation of the gender, national, and ethnic diversity emerging within the Korean workplace today. If properly leveraged, such diversity has the potential to reduce the groupthink that hampers the creativity and responsiveness of Korean firms today, as well as facilitating greater success in overseas markets. Taking an interdisciplinary approach, this book will be useful to students and scholars in Korean Studies, as well as those studying business, economics, and sociology more broadly in East Asia.
Neoliberalism
Author: Damien Cahill
Publisher: Edward Elgar Publishing
ISBN: 9781781002346
Category : Free enterprise
Languages : en
Pages : 0
Book Description
In this timely book, leading scholars of neoliberalism, together with emerging researchers from a range of intellectual traditions, reflect upon the nature of neoliberalism in light of the recent and ongoing global financial crisis. What emerges is an enlightening picture of the diversity of neoliberalism. The complex relationships between theory and practice are highlighted as the contributors recognize the need to move beyond the commonplace notion that neoliberalism is simply a system of free markets. Topical chapters examine the implications of the current crisis for neoliberalism, the likelihood of alternatives and how these might arise. Presenting a range of different theoretical approaches to understanding neoliberalism, this book will appeal to academics in the fields of political economy, political science, public policy, human geography, international studies, sociology and regulation studies. Graduate and senior undergraduate students in these fields will also find much to interest them. Contributors: N. Brenner, D. Cahill, L. Chester, M. Dean, G. Dumenil, B. Dunn, L. Edwards, J.E. King, M. Konings, D. Levy, J. Mikler, J. Paton, J. Peck, B. Spies-Butcher, F. Stilwell, N. Theodore, E. Thurbon
Publisher: Edward Elgar Publishing
ISBN: 9781781002346
Category : Free enterprise
Languages : en
Pages : 0
Book Description
In this timely book, leading scholars of neoliberalism, together with emerging researchers from a range of intellectual traditions, reflect upon the nature of neoliberalism in light of the recent and ongoing global financial crisis. What emerges is an enlightening picture of the diversity of neoliberalism. The complex relationships between theory and practice are highlighted as the contributors recognize the need to move beyond the commonplace notion that neoliberalism is simply a system of free markets. Topical chapters examine the implications of the current crisis for neoliberalism, the likelihood of alternatives and how these might arise. Presenting a range of different theoretical approaches to understanding neoliberalism, this book will appeal to academics in the fields of political economy, political science, public policy, human geography, international studies, sociology and regulation studies. Graduate and senior undergraduate students in these fields will also find much to interest them. Contributors: N. Brenner, D. Cahill, L. Chester, M. Dean, G. Dumenil, B. Dunn, L. Edwards, J.E. King, M. Konings, D. Levy, J. Mikler, J. Paton, J. Peck, B. Spies-Butcher, F. Stilwell, N. Theodore, E. Thurbon
North Korea/South Korea
Author: John Feffer
Publisher: Seven Stories Press
ISBN: 9781583226032
Category : History
Languages : en
Pages : 204
Book Description
The Korean peninsula, divided for more than fifty years, is stuck in a time warp. Millions of troops face one another along the Demilitarized Zone separating communist North Korea and capitalist South Korea. In the early 1990s and again in 2002-2003, the United States and its allies have gone to the brink of war with North Korea. Misinterpretations and misunderstandings are fueling the crisis. "There is no country of comparable significance concerning which so many people are ignorant," American anthropologist Cornelius Osgood said of Korea some time ago. This ignorance may soon have fatal consequences. North Korea, South Korea is a short, accessible book about the history and political complexites of the Korean peninsula, one that explores practical alternatives to the current US policy: alternatives that build on the remarkable and historic path of reconciliation that North and South embarked on in the 1990s and that point the way to eventual reunification.
Publisher: Seven Stories Press
ISBN: 9781583226032
Category : History
Languages : en
Pages : 204
Book Description
The Korean peninsula, divided for more than fifty years, is stuck in a time warp. Millions of troops face one another along the Demilitarized Zone separating communist North Korea and capitalist South Korea. In the early 1990s and again in 2002-2003, the United States and its allies have gone to the brink of war with North Korea. Misinterpretations and misunderstandings are fueling the crisis. "There is no country of comparable significance concerning which so many people are ignorant," American anthropologist Cornelius Osgood said of Korea some time ago. This ignorance may soon have fatal consequences. North Korea, South Korea is a short, accessible book about the history and political complexites of the Korean peninsula, one that explores practical alternatives to the current US policy: alternatives that build on the remarkable and historic path of reconciliation that North and South embarked on in the 1990s and that point the way to eventual reunification.
A Tale of Two Crises
Author: Kallidaikurichi Seetharam
Publisher: Routledge
ISBN: 0415634288
Category : Business & Economics
Languages : en
Pages : 146
Book Description
First Published in 2012. Routledge is an imprint of Taylor & Francis, an informa company.
Publisher: Routledge
ISBN: 0415634288
Category : Business & Economics
Languages : en
Pages : 146
Book Description
First Published in 2012. Routledge is an imprint of Taylor & Francis, an informa company.
The Next Great Globalization
Author: Frederic S. Mishkin
Publisher: Princeton University Press
ISBN: 1400829445
Category : Business & Economics
Languages : en
Pages : 321
Book Description
Many prominent critics regard the international financial system as the dark side of globalization, threatening disadvantaged nations near and far. But in The Next Great Globalization, eminent economist Frederic Mishkin argues the opposite: that financial globalization today is essential for poor nations to become rich. Mishkin argues that an effectively managed financial globalization promises benefits on the scale of the hugely successful trade and information globalizations of the nineteenth and twentieth centuries. This financial revolution can lift developing nations out of squalor and increase the wealth and stability of emerging and industrialized nations alike. By presenting an unprecedented picture of the potential benefits of financial globalization, and by showing in clear and hard-headed terms how these gains can be realized, Mishkin provides a hopeful vision of the next phase of globalization. Mishkin draws on historical examples to caution that mismanagement of financial globalization, often aided and abetted by rich elites, can wreak havoc in developing countries, but he uses these examples to demonstrate how better policies can help poor nations to open up their economies to the benefits of global investment. According to Mishkin, the international community must provide incentives for developing countries to establish effective property rights, banking regulations, accounting practices, and corporate governance--the institutions necessary to attract and manage global investment. And the West must be a partner in integrating the financial systems of rich and poor countries--to the benefit of both. The Next Great Globalization makes the case that finance will be a driving force in the twenty-first-century economy, and demonstrates how this force can and should be shaped to the benefit of all, especially the disadvantaged nations most in need of growth and prosperity.
Publisher: Princeton University Press
ISBN: 1400829445
Category : Business & Economics
Languages : en
Pages : 321
Book Description
Many prominent critics regard the international financial system as the dark side of globalization, threatening disadvantaged nations near and far. But in The Next Great Globalization, eminent economist Frederic Mishkin argues the opposite: that financial globalization today is essential for poor nations to become rich. Mishkin argues that an effectively managed financial globalization promises benefits on the scale of the hugely successful trade and information globalizations of the nineteenth and twentieth centuries. This financial revolution can lift developing nations out of squalor and increase the wealth and stability of emerging and industrialized nations alike. By presenting an unprecedented picture of the potential benefits of financial globalization, and by showing in clear and hard-headed terms how these gains can be realized, Mishkin provides a hopeful vision of the next phase of globalization. Mishkin draws on historical examples to caution that mismanagement of financial globalization, often aided and abetted by rich elites, can wreak havoc in developing countries, but he uses these examples to demonstrate how better policies can help poor nations to open up their economies to the benefits of global investment. According to Mishkin, the international community must provide incentives for developing countries to establish effective property rights, banking regulations, accounting practices, and corporate governance--the institutions necessary to attract and manage global investment. And the West must be a partner in integrating the financial systems of rich and poor countries--to the benefit of both. The Next Great Globalization makes the case that finance will be a driving force in the twenty-first-century economy, and demonstrates how this force can and should be shaped to the benefit of all, especially the disadvantaged nations most in need of growth and prosperity.