Economic Growth, Low Income and Housing in South Korea

Economic Growth, Low Income and Housing in South Korea

Author: Kim Woo-Jin

Publisher: Springer

Published: 1997-01-12

Total Pages: 262

ISBN-13: 1349250791

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'...a wide-ranging, scholarly and humane book which should be read by anyone seriously interested in this country.' - David Donnison From the devastation of the Korean war, there emerged one of the most dynamic, rapidly growing economies the world has ever seen. Starting from a concern about the housing of people struggling to survive on low incomes in the cities of South Korea, Kim Woo-Jin throws light upon the whole development of Korean society since the civil war. He argues that housing has played a central part in both the development of the economy and its more recent slowdown. In the future, housing policies may play their part in resisting the destructive forces that the probable reunification of North and South will bring and recreate hope for the future.


Megacity Seoul

Megacity Seoul

Author: Yu-Min Joo

Publisher: Routledge

Published: 2018-12-14

Total Pages: 238

ISBN-13: 1315277999

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In Asia, there are a growing number of gigantic megacities, accompanied by a series of speculative and extravagant megaprojects. Amid the fast-paced urban and development challenges, many Asian governments have been searching for replicable and inspirational cases in Asia. South Korea and its capital city, Seoul, are among frequently referenced models. However, South Korea’s "economic miracle" in the late twentieth century has been mostly studied through an economic policy lens. This book revisits the development of South Korea by looking at its urban dimension and exploring the city of Seoul as a developmental megaproject. Offering an alternative to the focus on economic policies when it comes to explaining South Korea’s development successes, Joo looks at the urbanization that took place under the guidance of the strong developmental state. She provides empirical evidence of the "property state" at work, both complementing and supporting the developmental state. She also analyzes why and how Seoul was able to emerge as an important Asian global city and a global front-runner in terms of ambitious and pioneering urban investments, despite its relatively recent history marked by massive slums and urban poverty. This book provides an analytical framework for studying South Korea’s modern development under capitalism as a precursor to East Asian urbanism and development. It paints a comprehensive story of how cities have been politically and economically important to Korea’s development experience and are increasingly becoming a new mode of development.


Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal

Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal

Author: Yangkyoon Byeon

Publisher: International Monetary Fund

Published: 2017-11-20

Total Pages: 41

ISBN-13: 1484329937

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Korea is facing mounting economic challenges. Productivity growth has been on a trend decline amid demographic headwinds, while the societal demand for inclusive growth has been on a steep rise. Furthermore, the government-led unbalanced growth model—which served Korea well in the past—has become less effective and politically palatable in recent years. As such, Korea needs a major paradigm shift to embark on a new sustainable and inclusive growth path. But policy response has been modest at best with no major reforms being implemented over the past two decades. We propose a paradigm shift in Korea’s economic framework, involving a simultaneous big push for greater economic freedom and stronger social protection within the parameters set by long-run fiscal sustainability. We also provide a detailed account of structural reforms to boost economic freedom and sustainable funding plans for stronger social protection.


Hot Property

Hot Property

Author: Rob Nijskens

Publisher: Springer

Published: 2019-06-14

Total Pages: 220

ISBN-13: 3030116743

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This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.


Social Welfare Development in East Asia

Social Welfare Development in East Asia

Author: K. Tang

Publisher: Springer

Published: 2000-10-03

Total Pages: 223

ISBN-13: 0333985494

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Comparative social policy has long neglected welfare development in Asia. Not much is known about social welfare in the economically successful East Asian tigers (Hong Kong, Korea, Singapore and Taiwan). They are late starters in social welfare but each has its own trajectory of welfare development. Despite the presence of extensive social welfare, they have shied away from western-style welfare states. The presence of strong developmental states and their development ethos explain in large part the underdevelopment of state welfare.


East Asian Transformation

East Asian Transformation

Author: Jeffrey Henderson

Publisher: Routledge

Published: 2011-02-25

Total Pages: 318

ISBN-13: 1136841121

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From the re-emergence of Japan as an industrial power in the 1950s through to the contemporary rise of China as a potential economic and political behemoth, the story of East Asian development has been central to any serious analysis of the dynamics and trajectory of the global political economy. Integrated into a coherent, critical narrative, this book examines key political-economic and social dynamics that helped forge the ‘miracle’ economies of East Asia and continue to drive them forward in the volatile circumstances of our current epoch. It analyses the relation between the state and markets; the changing nature of economic governance and its relation to inequality; and the rise of China and its international consequences. Historically informed and comparative in nature, the book contributes to the analysis of the transformations of Japan, Hong Kong, South Korea, Taiwan, Singapore, Malaysia and China, and is the first to cover the ground in one volume. Written by a leading analyst of East Asian development, the book engages with the relevant issues and debates, in an open, non-technical language, making it useful as an advanced textbook not only for East Asian studies, but more generally in international political economy and development studies.


Money, Finance and Capitalist Development

Money, Finance and Capitalist Development

Author: Philip Arestis

Publisher: Edward Elgar Publishing

Published: 2001-01-01

Total Pages: 286

ISBN-13: 9781843762843

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Offering a critical analysis of the financial sector, seven chapters consider finance and development issues against the backdrop of economic crises and greater financial instability. Specific chapters offer Keynesian analyses of capital performance, discuss the challenges facing neoliberalism in Asia, examine the political economy of central banks, appraise the performance of NAIRU, and discuss financial derivatives, liquidity preference, competition, financial inflation, and the endogeneity of money. Contributors include economists and bankers from the United Kingdom, the United States, and Canada. c. Book News Inc.


Seeking Shelter on the Pacific Rim

Seeking Shelter on the Pacific Rim

Author: Gary Dymski

Publisher: Routledge

Published: 2018-10-24

Total Pages: 390

ISBN-13: 1315499711

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This innovative book analyzes the changes that financial globalization is bringing about in the housing and home-finance markets of the United States, Japan, and South Korea, with special attention to the circumstances of women in obtaining housing, credit, and personal security. The book's focus on changes in the residential and housing finance markets serves as a window for an integrated examination of how the liberalization of national financial markets has affected the relationship among all players in each of the three economies - government, markets, and individual citizens. Through this examination Housing Finance Futures develops a new critical response to economic globalization based on a groundbreaking concept, the social efficiency of policy and market shifts.


Changing Governance and Public Policy in East Asia

Changing Governance and Public Policy in East Asia

Author: Ka Ho Mok

Publisher: Routledge

Published: 2008-11-24

Total Pages: 377

ISBN-13: 1134118279

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This book offers critical analysis of the search for new governance in Asia, comparing and contrasting the experiences of different Asian societies, including: China, Japan, Hong Kong, Singapore, Taiwan, South Korea, Malaysia and Thailand.