The Rise and Fall of Korea’s Economic Development
The Rise and Fall of Korea’s Economic Development

Author: Sung-Hee Jwa

Publisher: Palgrave Macmillan

Published: 2018-08-14

Total Pages: 0

ISBN-13: 9783319863146

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This book provides a unique and refreshing look at the Korean economy over the past 60 years. While most books and articles on the Korean economy would be technical or specifically address some aspect of Korea, this book takes an overarching view of Korea’s economic development. It assesses Korea’s economic take-off in the 1960s and 1970s, but also views the problems of ‘economic egalitarianism’ since the late-1980s to today. The book begins by listing and dispelling a number of important myths of the Korean economy and concludes by providing eight important ‘lessons’ derived from Korea’s experiences for developed as well as developing countries.

The Economic Development of South Korea
The Economic Development of South Korea

Author: Seung-hun Chun

Publisher: Routledge

Published: 2018-01-29

Total Pages: 460

ISBN-13: 1351215728

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How did a country with a dearth of natural resources, a sprawling population congested in a limited arable land transform itself to a modern industrial state within a generation? How could these have been achieved given the lingering geopolitical threats to its very survival as a state, as evidenced by the Korean War and the internecine aggressive posturing of its neighbor from the north? This book looks at strategies, institutional arrangement, role of entrepreneurs and workers in this odyssey, and on how those factors have worked together through effective leadership to transform South Korea’s economic fortunes.

The Rise of the Korean Economy
The Rise of the Korean Economy

Author: Byung-Nak Song

Publisher: Oxford University Press, USA

Published: 2003

Total Pages: 365

ISBN-13: 9780195928273

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This book by a noted Korean economist is already known for providing a unique insider's view on Korea's impressive economic and industrial growth. The third edition of this standard work is now updated with statistics as recent as 2000 as well as analyses of the Asian Economic Crisis, the restructuring of the Korean Economy, and the major policy measures resulting from changing North-South Korean relations.

South Korea's Rise
South Korea's Rise

Author: Uk Heo

Publisher: Cambridge University Press

Published: 2014-07-03

Total Pages: 229

ISBN-13: 1107012503

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This book explores South Korea's phenomenal economic rise and the impact that this has had on the country's foreign policy.

Asia's Next Giant
Asia's Next Giant

Author: Alice Hoffenberg Amsden

Publisher: Oxford University Press, USA

Published: 1989

Total Pages: 400

ISBN-13: 9780195076035

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South Korea has been quietly growing into a major economic force, even challenging Japan in some industries. This growth may be seen as an example of "late industrialization" and this book discusses this point.

The Rise and Fall of Korea’s Economic Development
The Rise and Fall of Korea’s Economic Development

Author: Sung-Hee Jwa

Publisher: Springer

Published: 2017-09-14

Total Pages: 174

ISBN-13: 3319580655

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This book provides a unique and refreshing look at the Korean economy over the past 60 years. While most books and articles on the Korean economy would be technical or specifically address some aspect of Korea, this book takes an overarching view of Korea’s economic development. It assesses Korea’s economic take-off in the 1960s and 1970s, but also views the problems of ‘economic egalitarianism’ since the late-1980s to today. The book begins by listing and dispelling a number of important myths of the Korean economy and concludes by providing eight important ‘lessons’ derived from Korea’s experiences for developed as well as developing countries.

Economic Crisis and Corporate Restructuring in Korea
Economic Crisis and Corporate Restructuring in Korea

Author: Stephan Haggard

Publisher: Cambridge University Press

Published: 2003-02-26

Total Pages: 374

ISBN-13: 9780521823630

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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.

The Park Chung Hee Era
The Park Chung Hee Era

Author: Byung-Kook Kim

Publisher: Harvard University Press

Published: 2011-04-01

Total Pages: 753

ISBN-13: 0674061063

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In 1961 South Korea was mired in poverty. By 1979 it had a powerful industrial economy and a vibrant civil society in the making, which would lead to a democratic breakthrough eight years later. The transformation took place during the years of Park Chung Hee's presidency. Park seized power in a coup in 1961 and ruled as a virtual dictator until his assassination in October 1979. He is credited with modernizing South Korea, but at a huge political and social cost. South Korea's political landscape under Park defies easy categorization. The state was predatory yet technocratic, reform-minded yet quick to crack down on dissidents in the name of political order. The nation was balanced uneasily between opposition forces calling for democratic reforms and the Park government's obsession with economic growth. The chaebol (a powerful conglomerate of multinationals based in South Korea) received massive government support to pioneer new growth industries, even as a nationwide campaign of economic shock therapy-interest hikes, devaluation, and wage cuts-met strong public resistance and caused considerable hardship. This landmark volume examines South Korea's era of development as a study in the complex politics of modernization. Drawing on an extraordinary range of sources in both English and Korean, these essays recover and contextualize many of the ambiguities in South Korea's trajectory from poverty to a sustainable high rate of economic growth.

Financial Crisis and Transformation of Korean Business Groups
Financial Crisis and Transformation of Korean Business Groups

Author: Sea-Jin Chang

Publisher: Cambridge University Press

Published: 2003-04-28

Total Pages: 380

ISBN-13: 1139440071

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Sea-Jin Chang argues that the Korean financial crisis of 1997 was due to the inertia of both the business groups known as chaebols and the Korean government which prevented adaptation to changing external environments. Once the Korean government stopped central economic planning and pursued economic liberalization in the 1980s, the transition created a void under which neither the government nor markets could monitor chaebols' investment activities. The intricate web of cross-shareholding, debt guarantees, and vertical integration resulted in extensive cross-subsidization and kept chaebols from shedding unprofitable businesses. The government's continued interventions in banks' lending practices created 'moral hazards' for both chaebols and banks. This treatment demonstrates how the structure of chaebols later inhibited other adaptations and for all practical purposes became nearly dysfunctional. The book argues that restructuring of chaebols should focus on improving corporate governance systems. After such restructuring, the author predicts, chaebols will re-emerge as stronger, more focused global players.

Human Capital and Development
Human Capital and Development

Author: Ju-Ho Lee

Publisher: Edward Elgar Publishing

Published:

Total Pages: 431

ISBN-13: 1786436973

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During recent decades, Korea has been one of only a handful of countries that have made the successful transformation to become a developed nation by simultaneously achieving persistent economic growth combined with a democratic political system. Experts and political leaders worldwide have attributed this achievement to investments in people or, in other words, the power of education. Whilst numerous books have highlighted the role of industrial policies, technological growth, and international trade in Korea’s development process, this is one of the first to focus on the role of human capital. It shows how the accumulation of human capital aided transformation and helps explain the policies, strategies and challenges that Korea faces now and in the future.