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A New Paradigm For Koreas Economic Development
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Book Synopsis A New Paradigm for Korea's Economic Development by : S. Jwa
Download or read book A New Paradigm for Korea's Economic Development written by S. Jwa and published by Springer. This book was released on 2001-05-21 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: The reader will find here analyses of a wide range of past and current policy experiences and reform efforts in Korea. The policy lessons drawn are designed to aid Korea's transformation from the government-led development model to a modern market-orientated economic system. The main tenet of this book is that Korea's economic future depends entirely upon the successful integration of market-orientated systems and as such, policy recommendations are duly presented.
Book Synopsis Ske;Standing Order Sbn by : Sung-Hee Jwa
Download or read book Ske;Standing Order Sbn written by Sung-Hee Jwa and published by Macmillan Children's Books. This book was released on 2001-01-01 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Strategy for Korea's Economic Success by : Hwi-chʻang Mun
Download or read book The Strategy for Korea's Economic Success written by Hwi-chʻang Mun and published by Oxford University Press. This book was released on 2016 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: "An explanation for Korea's economic success"--
Book Synopsis Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal by : Yangkyoon Byeon
Download or read book Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal written by Yangkyoon Byeon and published by International Monetary Fund. This book was released on 2017-11-17 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Strategy for Korea's Economic Success by : Hwy-Chang Moon
Download or read book The Strategy for Korea's Economic Success written by Hwy-Chang Moon and published by Oxford University Press. This book was released on 2016-04-01 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea's economic success has inspired numerous studies and research projects in past decades. Despite good efforts to analyze the strategy of Korea, earlier studies have not been able to comprehensively and systematically explain the country's "miraculous" growth. After thorough analysis of these earlier studies, a new model has been developed by showing that a country or firm does not have to be more innovative or possess more resources to have a competitive advantage over others. In The Strategy for Korea's Economic Success, Hwy-Chang Moon details four factors that comprise the ABCD model and illustrates how the Korean government, corporations, and people have exemplified these factors in achieving their current level of success. The four factors are agility (speed + precision), benchmarking (learning + best practices), convergence (mixing + synergy), and dedication (diligence + goal-orientation). Together, these factors have enabled Korea's economic success and will continue to drive the next level of growth. Anyone can become more competitive with proper implementation of the ABCDs. Korea's development strategy holds special value, because it is more practical and appropriate for many developing countries. For more developed countries, on the other hand, the ABCDs can be used to fast-track the next phase of growth. Moon also highlights the role of internationalization in broadening the scope of strategic choices, and shows how the combined implementation of internationalization and the ABCDs deepens the pool of strategic resources.
Book Synopsis Democracy and the Korean Economy by : Jongryn Mo
Download or read book Democracy and the Korean Economy written by Jongryn Mo and published by Hoover Press. This book was released on 2021-07-21 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Korea has been one of the great success stories of postwar economic development, rising from one of the poorest nations on earth in the 1960s to become the world's eleventh-largest economy by 1996. But Korea's model of economic development began to unravel in 1987. When the authoritarian rule that helped propel economic performance gave way to increasing public pressure for democracy, the Korean economy was confronted with fundamental transformations. With democracy came increasing consumption, labor activism, and rising wages. Yet many of the old policies of the export-oriented, pro-business authoritarian rule remained in place. The complex and multifaceted economic effects brought about by democratic change have defied analysis—until now. Democracy and the Korean Economy is an authoritative study of the new model of Korean political economy and the first book to analyze the economic impact of democratic change in South Korea. In addition to analyzing patterns of change in major policy areas, authors Jongryn Mo and Chung-in Moon closely examine specific industries—such as automobiles—and the family-controlled industrial conglomerates known as chaebols to analyze their market positions and political influence under both the authoritarian and democratic regimes. They show how conflicts in key policy areas have evolved, identify the political and economic factors that have been important to resolving those conflicts, and reveal the wide range of effects, both subtle and significant, of democratization on the Korean economy and on its economic policy.
Book Synopsis The new paradigm of the economic policy for the "second take,off" of the Korean economy by : Doo-Soon Ahn
Download or read book The new paradigm of the economic policy for the "second take,off" of the Korean economy written by Doo-Soon Ahn and published by . This book was released on 1989 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Korea's Economic Prospects by : O. Yul Kwon
Download or read book Korea's Economic Prospects written by O. Yul Kwon and published by Edward Elgar Publishing. This book was released on 2001-01-01 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: '. . . very well presented academic book. . . in Korea's Economic Prospects a valuable source of research material on the economy and its prospects. It will help one to understand the factors leading to the Korean recovery which has recently been recognised by the credit rating agency. . .' - Marie-Aimée Tourres, The Journal of Development Studies This book examines the major issues arising from the Korean financial crisis of 1997. It considers the strong prospects for rapid economic recovery and the emerging changes in Korea's international economic relations and business environment. The authors investigate the causes of the financial crisis and provide an evaluation of remedial measures and reforms currently being introduced in both private and public sectors of the Korean economy. The book identifies a paradigm shift in Korean economic policy and discusses Korea's new role in both the regional and global economy. It also examines the major developments reshaping Korea's international business environment through fundamental policy shifts in trade, foreign direct investment, labor relations, management practices and the emerging trends in e-commerce.
Book Synopsis The Korean Economy by : Hyung-Koo Lee
Download or read book The Korean Economy written by Hyung-Koo Lee and published by State University of New York Press. This book was released on 1996-01-25 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Korean Economy, Hyung-Koo Lee, formerly South Korea's Minister of Labor, chronicles South Korea's economic development from 1945–1994 and the public policies that have shaped that development. In the past, the South Korean government supported protectionist policies. Mr. Lee, arguing that these policies no longer serve the long-term interest of South Korea's economy, supports the allowance of greater private-sector initiatives, a fundamental paradigm shift in South Korea's economic policy. He argues that if South Korea is to become a major economic power, the government should withdraw from the economic front line. He also provides a succinct analysis of the vast economic potential of a reunified Korea and discusses the pros and cons of two alternative scenarios for the South Korean economy.
Download or read book The Korean Economy written by and published by Hollym International Corporation. This book was released on 2001 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Korean economy has often been touted as a model of miraculous economic development which compressed full-scale industrialization into a single generation. These successes, however, have not come without past sacrifices and persisting side effects. The miracle must be carefully unpacked a task attempted by many of the contributors herein. This volume, Korean Economy: Reflections at the New Millennium, attempts to provide readers abroad with a balanced introduction to the economic issues which were inherent in the development of modern Korea by
Book Synopsis Economic Development Of Korea by : Kim Chuk Kyo
Download or read book Economic Development Of Korea written by Kim Chuk Kyo and published by World Scientific. This book was released on 2019-03-06 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Korean Economic Development by : Paul W Kuznets
Download or read book Korean Economic Development written by Paul W Kuznets and published by Praeger. This book was released on 1994-01-30 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kuznets focuses on the four key characteristics of South Korean economic development since the mid-1960s: relatively high investment rates, labor market competition, export orientation, and a strong, interventionist government. He uses an informal model to simplify the complex relations that underlie Korea's outstanding growth and also assesses the relevance of the model for other countries. The work is designed to be read by non-specialists, in that no prior knowledge of Korea has been assumed. The work concentrates on economic issues, and policy choices are of particular interest. References are made to English-language literature on economic development in general and on Korean development in particular.
Book Synopsis Korea's Paradigm Shift for Sustainable and Inclusive Growth by :
Download or read book Korea's Paradigm Shift for Sustainable and Inclusive Growth written by and published by . This book was released on 2017 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Evolution of Large Corporations in Korea by : Sung-Hee Jwa
Download or read book The Evolution of Large Corporations in Korea written by Sung-Hee Jwa and published by Edward Elgar Publishing. This book was released on 2002-10-29 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Author Jwa provides a new economic perspective on the evolution of large corporations in Korea.
Book Synopsis The Rise of the Korean Economy by : Byung-Nak Song
Download or read book The Rise of the Korean Economy written by Byung-Nak Song and published by Oxford University Press, USA. This book was released on 1997 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition of the standard work, written by a noted Korean economist, which provides an insider's view on Korea's economic and industrial growth, includes a new chapter on the Korean model and updated statistics covering 1996
Book Synopsis Capital Accumulation and Economic Growth by : Shahid Yusuf
Download or read book Capital Accumulation and Economic Growth written by Shahid Yusuf and published by . This book was released on 1985 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to reaffirm certain notions that have provided the foundations of development economics, but which now are coming increasingly under attack: that growth in such pacesetters as the Republic of Korea, Japan and Brazil has principally arisen from capital accumulation; and that investment during the important initial phase of their industrialization was often only distantly related to market forces. The discussion is opened with a brief description of the turmoil sweeping economics and specifically, development economics. Drawing upon this, the paper discusses models derived from the neoclassical paradigm, and compares and contrasts this paradigm of development with the experience of Latin American countries and Japan. In this context, the paper moves to two more eclectic models which are very much in the spirit of development economics. One is the so-called bureaucratic authoritarian model, and the other, a model of Japanese development. In the final section, the study narrows our focus to Korea and show how these models can illuminate Korea's investment policies during the sixties and the seventies. The paper concludes that a simple neoclassical paradigm is not sufficient to explain Korea's successful economic development.
Book Synopsis Innovative Korea by : Hoon Sahib Soh
Download or read book Innovative Korea written by Hoon Sahib Soh and published by World Bank Publications. This book was released on 2023-08-25 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Republic of Korea today is a highly industrialized, global leader in innovation and technology. It is the 10th largest economy in the world and has a per capita income approaching the average of OECD countries. In the 1950s, however, it was one of the world’s poorest countries, with decidedly bleak prospects. Its transformation has made Korea a well-known case study of successful development. Innovative Korea: Leveraging Innovation and Technology for Development summarizes the sources of Korea’s remarkable growth and the policies and institutional reforms that made it possible. The report focuses on Korea’s successful transition from a middle-income to a high-income economy. Korea escaped from the “middle-income trap†? by fundamentally transforming its growth paradigm to a more private-sector-led model emphasizing market competition, innovation, and technology. Compared to the previous emphasis on large fi rms and industries, the government became more focused on promoting small and medium enterprises and technology entrepreneurs. Exports expanded significantly through greater integration in global value chains. Already-high levels of human capital development were complemented by an expanded social safety net and a more integrated approach to education and training. Korea succeeded by focusing on the foundations of long-run growth, building global capabilities in innovation and technology, and adapting and evolving its growth paradigm to promote new sources of growth. Innovative Korea, jointly prepared by the World Bank and the Korea Development Institute, provides useful insights on Korea’s development story and practical lessons for public policy making.
