"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.
This volume is concerned with labor market developments in China from a comparative perspective on selected East and South Asian countries. It closely examines the changing structure of China's labor market in the context of the Lewisisan turning point in ecomomic development.
Focuses on China's long-term pattern of growth and employment, demographic shifts, and rural-urban migration, its agricultural trade and local elections, China's banking sector reform and its fiscal sustainability, its environmental concerns, and much more.
South Korea's post-war economic success is a well-known story. However, its development in the past two decades is relatively less investigated. By reviewing key economic issues in South Korea's economy today, this book offers an input to the research of contemporary South Korea, in particular the country's economic development and its external economic relations.This book provides an analytical overview of key issues in contemporary South Korean economy. The timely and in-depth study presented in the book examines the main reasons behind South Korea's economic slowdown in recent years, the economic and social impact following chaebol's growing business expansion, free trade agreements with China and the United States, the development of income inequality, the ageing demography and the Korean government's policy response to overcome the current economic difficulties.
The twenty-first century is replete with uncertainty and complexity: game-changing events and trends are transforming the world beyond recognition. For the first time in human history more people live in cities than in the countryside and greater numbers suffer from obesity than from hunger. Emerging economies now represent half of the global economy and during the next few decades India will be the biggest country in terms of population, China the largest in output and the United States the richest among the major economies on a per capita income basis. Food and water shortages will likely become humankind's most important challenge. In this accessible introduction, Mauro Guillén and Emilio Ontiveros deploy the tools of economics, sociology and political science to provide an analytical perspective on both the problems and opportunities facing business in the modern world.
An exploration of the challenges Korea faces in transforming its economy from a government-directed, low-cost producer to an innovative world economic power based on its own scientific and technological development.
After World War II, the escalating tensions of the Cold War shaped the international system. Fearing the Worst explains how the Korean War fundamentally changed postwar competition between the United States and the Soviet Union into a militarized confrontation that would last decades. Samuel F. Wells Jr. examines how military and political events interacted to escalate the conflict. Decisions made by the Truman administration in the first six months of the Korean War drove both superpowers to intensify their defense buildup. American leaders feared the worst-case scenario—that Stalin was prepared to start World War III—and raced to build up strategic arms, resulting in a struggle they did not seek out or intend. Their decisions stemmed from incomplete interpretations of Soviet and Chinese goals, especially the belief that China was a Kremlin puppet. Yet Stalin, Mao, and Kim Il-sung all had their own agendas, about which the United States lacked reliable intelligence. Drawing on newly available documents and memoirs—including previously restricted archives in Russia, China, and North Korea—Wells analyzes the key decision points that changed the course of the war. He also provides vivid profiles of the central actors as well as important but lesser known figures. Bringing together studies of military policy and diplomacy with the roles of technology, intelligence, and domestic politics in each of the principal nations, Fearing the Worst offers a new account of the Korean War and its lasting legacy.
HUANG Yiping is Professor of Economics at the China Center for Economic Research, National School of Development, Peking University, China. He is also an adjunct professor at the Australian National University and a member of the China Finance 40 Forum. His current research focuses on macroeconomic policy, international finance and rural development. CAI Fang is Director, Professor and Fellow at the Institute of Population and Labor Economics, Chinese Academy of Social Sciences, China. He serves as Vice Chairman of the China Population Association. His current research focuses on China’s labor migration, population and development, economic reform, income distribution and poverty.
This volume brings together analyses both in support of and against the case that China has passed the Lewis turning point, by a group of prominent Chinese and foreign economists at the forefront of this debate. It was originally published as a special issue of China Economic Journal.