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Author : Sang-in Hwang
Publisher :
ISBN 13 : 9788932240183
Total Pages : 36 pages
Book Rating : 4.2/5 (41 download)
Download or read book Economic Impact of Foreign Debt in Korea written by Sang-in Hwang and published by . This book was released on 1997-01-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Susan Margaret Collins
Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.:/5 (318 download)
Download or read book South Korea's Experience with External Debt written by Susan Margaret Collins and published by . This book was released on 1988 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines South Korea's macroeconomic performance and experience with external debt during 1960-1986. Most of Korea's debt was accumulated during three periods: 1966-69, 1974-75 and 1979-81. Each involved an initial phase of economic difficulty and an slow-down in growth, followed by an impressive recovery. The paper reviews the economic and political developments during each cycle in some detail. Of particular interest are the shifts in economic policy as domestic authorities responded to external and internal developments. The paper is part of a larger study of the Korean experience.
Author : Barry Eichengreen
Publisher : BRILL
ISBN 13 : 1684175267
Total Pages : 395 pages
Book Rating : 4.6/5 (841 download)
Download or read book From Miracle to Maturity written by Barry Eichengreen and published by BRILL. This book was released on 2020-05-11 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The economic growth of South Korea has been a remarkable success story. After the Korean War, the country was one of the poorest economies on the planet; by the twenty-first century, it had become a middle-income country, a member of the Organization of Economic Cooperation and Development (the club of advanced economies), and home to some of the world’s leading industrial corporations. And yet, many Koreans are less than satisfied with their country’s economic performance, given the continuing financial volatility and sluggish growth since the Korean economic crisis of 1997–1998.From Miracle to Maturity offers a comprehensive qualitative and quantitative analysis of the growth of the Korean economy, starting with the aggregate sources of growth (growth of the labor force, the stock of capital, and productivity) and then delving deeper into the roles played by structural change, exports, foreign investment, and financial development. The authors provide a detailed examination of the question of whether the Korean economy is now underperforming and ask, if so, what can be done to solve the problem."
Author : Il SaKong
Publisher : Peterson Institute
ISBN 13 :
Total Pages : 550 pages
Book Rating : 4.:/5 (318 download)
Download or read book Korea in the World Economy written by Il SaKong and published by Peterson Institute. This book was released on 1993 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: In less than four decades, Korea has become the 12th-largest trading nation in the world and is poised to join the ranks of the industrially advanced nations. This work attempts to draw useful conclusions in economic terms for other Third World countries from the Korean miracle by examining its origins. It also analyzes the prospects for Korea's economy in the 1990s and identifies new policies and strategies in the area of international cooperation which are demanded by Korea's changing role in the world economy.
Author : Susan M. Collins
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (318 download)
Download or read book External Debt and Macroeconomic Performance in South Korea written by Susan M. Collins and published by . This book was released on 1988 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: During 1980-1986, South Korea went from being the world's fourth largest debtor country, in the midst of an economic crisis, to a model of successful adjustment, with high growth rates and a current account surplus. This paper summarizes the findings of an in depth analysis of Korea's performance, focusing on the experience with external debt. We argue that the explanations for Korea's recovery are closely linked to the explanations for Korea's very rapid growth during the 1960s and 1970s. The centerpieces have been a comprehensive export focused investment plan with external borrowing wed to supplement domestic savings in financing the investment and an active, interventionist government policy.
Author : Jaeho Cho
Publisher :
ISBN 13 :
Total Pages : 180 pages
Book Rating : 4.:/5 (318 download)
Download or read book External Debt and Openness Policy in Korea written by Jaeho Cho and published by . This book was released on 1992 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Min-hua Chiang
Publisher : #N/A
ISBN 13 : 9813207256
Total Pages : 169 pages
Book Rating : 4.8/5 (132 download)
Download or read book Contemporary South Korean Economy: Challenges And Prospects written by Min-hua Chiang and published by #N/A. This book was released on 2017-06-28 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Baekin Cha
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Effects of External and Domestic Shocks on External Debt Accumulation written by Baekin Cha and published by . This book was released on 1992 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jongryn Mo
Publisher : Hoover Press
ISBN 13 : 0817995536
Total Pages : 224 pages
Book Rating : 4.8/5 (179 download)
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.
Author : Jeffrey D. Sachs
Publisher : University of Chicago Press
ISBN 13 : 0226733238
Total Pages : 350 pages
Book Rating : 4.2/5 (267 download)
Download or read book Developing Country Debt and the World Economy written by Jeffrey D. Sachs and published by University of Chicago Press. This book was released on 2007-12-01 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: For dozens of developing countries, the financial upheavals of the 1980s have set back economic development by a decade or more. Poverty in those countries have intensified as they struggle under the burden of an enormous external debt. In 1988, more than six years after the onset of the crisis, almost all the debtor countries were still unable to borrow in the international capital markets on normal terms. Moreover, the world financial system has been disrupted by the prospect of widespread defaults on those debts. Because of the urgency of the present crisis, and because similar crises have recurred intermittently for at least 175 years, it is important to understand the fundamental features of the international macroeconomy and global financial markets that have contributed to this repeated instability. Developing Country Debt and the World Economy contains nontechnical versions of papers prepared under the auspices of the project on developing country debt, sponsored by the National Bureau of Economic Research. The project focuses on the middle-income developing countries, particularly those in Latin America and East Asia, although many lessons of the study should apply as well to other, poorer debtor countries. The contributors analyze the crisis from two perspectives, that of the international financial system as a whole and that of individual debtor countries. Studies of eight countries—Argentina, Bolivia, Brazil, Indonesia, Mexico, the Philippines, South Korea, and Turkey—explore the question of why some countries succumbed to serious financial crises while other did not. Each study was prepared by a team of two authors—a U.S.-based research and an economist from the country under study. An additional eight papers approach the problem of developing country debt from a global or "systemic" perspective. The topics they cover include the history of international sovereign lending and previous debt crises, the political factors that contribute to poor economic policies in many debtor nations, the role of commercial banks and the International Monetary Fund during the current crisis, the links between debt in developing countries and economic policies in the industrialized nations, and possible new approaches to the global management of the crisis.
Author : Juhyuk Park
Publisher : GRIN Verlag
ISBN 13 : 3346342395
Total Pages : 28 pages
Book Rating : 4.3/5 (463 download)
Download or read book The causes of the IMF crisis in South Korea. What Experts Say written by Juhyuk Park and published by GRIN Verlag. This book was released on 2021-02-09 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2011 in the subject Economics - Finance, grade: A, The University of North Carolina at Chapel Hill, course: Advanced Macroeconomics, language: English, abstract: What had happened to Korea, and why did the nation have to face the IMF crisis in 1997 all of a sudden? To see what the causes for the crisis were, analyses from six essays of scholars and experts in the field of economics will be introduced and compared. While they have similar and different views for the causes at the same time, their views can be grouped into two categories: internal factors and external factors. When the Korean currency crisis broke out, the IMF and many scholars focused the whole crisis on Korea’s internal problems. However, there are many other scholars who attribute the causes not only to internal but also to external problems. The experts who see the causes as internal problems think the crisis originated from internal factors of Korea such as policy mistakes, highly leveraged corporate sectors, and banking system. The external factors refer to the external shocks such as contagion effect from South-east financial crisis and appreciation of Japanese yen. Although all the causes for the crisis are closely related with each other, addressing the causes separately would give people better understanding of the context. On Nov. 1997, Korea faced the IMF crisis, or also known as the financial crisis, which caused severe damage to the Korean economy. The new OECD member was reduced from being the world’s eleventh largest economy to an economy surviving on overnight loans from the international money markets. The won, the Korean currency, fell by more than 50 percent against the US dollar. Also, KOSPI (the Korea Composite Stock Price Index) fell by thirty percent, and the short-term interest rate shot up to forty percent per year. Consequently, on Dec. 1997, Korea called the IMF for rescue, owing $58.3 billion of financial aid. As shown in table 1 and 2 in the appendix 1, Korea had performed continual rapid GDP growth at the rate of 7.8 percent per year in average from 1960 to 1997.
Author : Kyung Keun Cho
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.3/5 (9 download)
Download or read book Law and the Development Lending Crisis written by Kyung Keun Cho and published by . This book was released on 1987 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Saadia M. Pekkanen
Publisher : Oxford University Press, USA
ISBN 13 : 0199916241
Total Pages : 841 pages
Book Rating : 4.1/5 (999 download)
Download or read book Oxford Handbook of the International Relations of Asia written by Saadia M. Pekkanen and published by Oxford University Press, USA. This book was released on 2014 with total page 841 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook examines the theory and practice of international relations in Asia. Building on an investigation of how various theoretical approaches to international relations can elucidate Asia's empirical realities, authors examine the foreign relations and policies of major countries or sets of countries.
Author : Kelechi A. Kalu
Publisher : Routledge
ISBN 13 : 1000417999
Total Pages : 289 pages
Book Rating : 4.0/5 (4 download)
Download or read book Foreign Aid and Development in South Korea and Africa written by Kelechi A. Kalu and published by Routledge. This book was released on 2021-08-15 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book compares the rapid development of South Korea over the past 70 years with selected countries in sub-Saharan Africa to assess what factors contributed to the country’s success story, and why it is that countries that were comparable in the past continue to experience challenges in achieving and sustaining economic growth. In the 1950s, South Korea’s GDP per capita was $876, roughly comparable with that of Cote d’Ivoire and somewhat below Ghana’s. The country’s subsequent transformation from a war-ravaged, international aid-dependent economy to the 13th largest economy in the world has been the focus of considerable international admiration and attention. But how was it that South Korea succeeded in multiplying its GDP per capita by a factor of 23, while other Less Developed Countries continue to experience challenges? This book compares South Korea’s politics of development and foreign assistance with that of Ghana, Nigeria, and Zambia, which were also major recipients of the U.S. aid, to investigate the specific contexts that made it possible for South Korea to achieve success. Overall, this book argues that effective state capacity in South Korea’s domestic and international politics provided an anchor for diplomatic engagement with donors and guided domestic political actors in the effective use of aid for economic development. This book will be of interest to researchers and students working on development, comparative political economy, and foreign aid, and to policy makers and practitioners looking for a greater understanding of comparative development trajectories.
Author : Paul H. Elwood
Publisher :
ISBN 13 :
Total Pages : 246 pages
Book Rating : 4.3/5 ( download)
Download or read book Korea written by Paul H. Elwood and published by . This book was released on 2008 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea is known as the "land of the morning calm", an expression that comes from the ancient Korean dynasty of Koryo (918-1392). Koryo means "high" and "clear", thus symbolising the clear blue skies of Korea. Thus the beautiful nature of Korea is expressed through its ancient name. The Korean Peninsula adjoins China in the north-west, while Japan lies to the south-east. Throughout history, this geopolitical location has led to much hardship for Korea, including Japan's colonial rule (1910-1945), the tragic division into South and North Korea at the end of Word War II, and the devastating Korean War (1950-1953). Nevertheless, thanks to the successful implementation of a growth-oriented economic policy from the 1960s, Korea has enjoyed remarkable economic development, which has become known as the "Miracle on the Han-gang River". With the international exposure of the 24th Summer Olympics which were hosted in Seoul in 1988, Korea's economic achievements and the richness of its unique culture were revealed to the world. More recently, Korea's continued economic advancement was evidenced by its membership in the OECD and WTO in 1996. And while Korea was hit hard by the Asian financial crisis in late 1997, it is now well on the road to recovery as a result of the new administration's effective leadership and the indefatigable spirit of the Korean people. Korea is striving to emerge as an exemplary member of the global community by actively opening its markets and welcoming foreign investment into the country. Moreover, considerable efforts are being exerted to attract wider attention to its traditional culture and arts, which uniquely reflect Korea's history of several thousand years. This book focuses on economic, political and social issues
Author : Eduardo Borensztein
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)
Download or read book Credit Allocation and Financial Crisis in Korea written by Eduardo Borensztein and published by International Monetary Fund. This book was released on 1999-02 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The spread of the East Asian crisis to Korea in late 1997 was perhaps one of the most surprising developments in the regional debacle. A member of the original "four Asian tigers" (the other three being Hong Kong SAR, Singapore and Taiwan Province of China), and a recent addition to the OECD club, Korea had shown a remarkable economic performance for decades. Korea's economic situation clearly did not fit the mold of the typical configuration of a balance of payments crisis. Foreign debt was fairly low, the fiscal position was quite strong and the exchange rate was hardly overvalued. Moreover, notwithstanding the large terms of trade deterioration of 1996/97, the current account deficit had remained modest and export growth continued at a remarkable pace.
Author :
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 (91 download)
Download or read book The Korean Economy written by and published by . This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
