Author : Yung Chul Park
Publisher : Harvard University Press
Page : 375 pages
File Size : 43,30 MB
Release : 2021-03-30
Category :
ISBN : 9780674251281
Korea's financial development has been a tale of liberalization and opening but the new system has failed to steer the country away from financial crises. This study analyzes the changes in the financial system and finds that financial liberalization has contributed little to grow and stabilize the Korean economy.
Author : Chin Seung Chung
Publisher :
Page : 632 pages
File Size : 14,18 MB
Release : 2004
Category : Financial crises
ISBN :
Author : Mr.Angel J. Ubide
Publisher : International Monetary Fund
Page : 67 pages
File Size : 27,99 MB
Release : 1999-03-01
Category : Business & Economics
ISBN : 1451844646
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.
Author : Stephan Haggard
Publisher : Cambridge University Press
Page : 374 pages
File Size : 47,20 MB
Release : 2003-02-26
Category : Business & Economics
ISBN : 9780521823630
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 : Chuk Kyo Kim
Publisher : World Scientific
Page : 308 pages
File Size : 26,50 MB
Release : 2019-03-06
Category : Business & Economics
ISBN : 9813276010
The purpose of this book is to provide a systematic and policy-focused analysis of Korea's development performance from a historical perspective. The book begins with post-war reconstruction efforts and extends to recent developments in the Korean economy. Through a comprehensive analysis of Korea's development performance over the last six decades, the book examines in detail how development strategies and policies evolved over time, what were their consequences and underlying factors, and what lessons can be drawn from the Korean experience. A wide range of issues are discussed, including the role of government, capital accumulation, growth and structural change, industrial development and concentration, economic liberalization, human resource and technology development, social development and income distribution. The important features of the Korean development model are highlighted to draw lessons from the Korean experience.
Author : The Bank of Korea (Central Bank of South Korea)
Publisher : 길잡이미디어
Page : 304 pages
File Size : 29,5 MB
Release : 2010-11-24
Category : Banks and banking
ISBN : 899285837X
Preface Chapter 1 Foundation of the Bank of Korea Chapter 2 The Bank of Korea Act Chapter 3 Organization and Functions of the Bank of Korea Chapter 4 Economic Development and the Bank of Korea Chapter 5 The Future Trajectory and Challenges of the Bank of Korea
Author : Chung-hae S?
Publisher : World Bank Publications
Page : 204 pages
File Size : 39,35 MB
Release : 2007
Category : Technology & Engineering
ISBN : 0821372025
Korea's development process offers valuable lessons for other developing and less developed economies. In particular, the way Korea uses outside technologies, by accumulating indigenous capabilities, is still valid in the era of the knowledge economy. 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. It also emphasizes Korea's achievements, as well as remaining tasks within the four pillars of the knowledge economy, with a common theme throughout -- how Korea has narrowed the gaps in its knowledge and institutions in global competition with world leaders.
Author : Jongryn Mo
Publisher : Harvard University Press
Page : 0 pages
File Size : 46,20 MB
Release : 2013
Category : Korea (South)
ISBN : 9780674726741
"Mo and Weingast study three critical turning points in South Korea's remarkable transformation and offer a new view of how Korea was able to maintain pro-development policies with sustained growth by resolving repeated crises in favor of rebalancing and greater political and economic openness"--Provided by publisher.
Author : Van Hoa Tran
Publisher : Edward Elgar Publishing
Page : 272 pages
File Size : 13,81 MB
Release : 2002-01-01
Category : Business & Economics
ISBN : 9781843765530
Economic Crisis Management discusses contemporary and economic policy and its application to major crisis economies in Asia. The book contains a collection of studies by international experts in economics and finance with special focus on major aspects of the economic management of the Asia crisis.
Author : Robert Castley
Publisher : Springer
Page : 409 pages
File Size : 43,1 MB
Release : 2016-07-27
Category : Business & Economics
ISBN : 1349258334
Very few developing countries have successfully industrialised. Many are under pressure from international organisations to achieve 'self-sustainable' industrialisation. This is why Korea's case is particularly interesting. There have been many attempts to explain the causes of Koreas' economic miracle. These have focused mainly on the internal factors such as the discipline of the Korean workforce and export-promotion policies. The present study however shows that these factors contributed to Korea's impressive growth but do not explain the reasons for her success. External factors have been more important, the Japanese economy in particular. This book examines therefore in detail the impact of Japan's economic growth on the Korean economy, in particular the stimulating effects of trade, sub-contracting, relocation of industry, investment, loans and technology transfer. It demonstrates how Japan provided a range of goods, services and capitals which were precisely what the newly industrialising country needed.
