Recurring Economic Crisis in Korea

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Author :
Publisher : Nova Publishers
ISBN 13 : 9781604561883
Total Pages : 88 pages
Book Rating : 4.5/5 (618 download)

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Book Synopsis Recurring Economic Crisis in Korea by : Jong Kyu Lee

Download or read book Recurring Economic Crisis in Korea written by Jong Kyu Lee and published by Nova Publishers. This book was released on 2008 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: There exists a large volume of literature on Korean success in economic development. However, Korea has experienced several economic crises in the development process. While the financial crisis in 1997 has received a substantial amount of attention in the mass media and in the academic as well, Korea had not been immune to economic crisis prior to the 1997 financial crisis. This book reviews the experiences of economic crises and their resolutions in Korea since 1960s. The book examines each crisis and concludes that the factors that caused one previous crisis later brought about another crisis repeatedly. This indicates that the measures to resolve the previous crises were ultimately ineffective in the sense that the fundamental causes for the economic crisis had remained unresolved and, as a result, recurrence of the crisis has not been prevented.

The Korean Economy Beyond the Crisis

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1843769735
Total Pages : 388 pages
Book Rating : 4.8/5 (437 download)

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Book Synopsis The Korean Economy Beyond the Crisis by : Duck-Koo Chung

Download or read book The Korean Economy Beyond the Crisis written by Duck-Koo Chung and published by Edward Elgar Publishing. This book was released on 2004 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than five years have passed since South Korea fell prey to the Asian financial crisis. Bringing together experts from Korea and a variety of other countries, this book aims to better understand the three stages of the Korean crisis: the onset, the policy reaction, and the economic response. Providing an integrated analysis of the event and its consequences, the chapters in the book consider the causes of the crisis, the response of the US government and International Monetary Fund, adjustments in the Korean monetary and fiscal policies, and the success of financial and corporate restructuring. The concluding chapters bring the story up-to-date, describing the aftermath of the crisis and assessing whether there has been sufficient reform to facilitate the country s recovery and growth. International and also Asian economists will find this a thoroughly accessible and illuminating book, as will specialists on Korea, political scientists and political economists.

Korea after the Crash

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Author :
Publisher : Routledge
ISBN 13 : 1134595034
Total Pages : 196 pages
Book Rating : 4.1/5 (345 download)

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Book Synopsis Korea after the Crash by : Brian Bridges

Download or read book Korea after the Crash written by Brian Bridges and published by Routledge. This book was released on 2012-10-12 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brian Bridges examines the impact on South Korea of the financial crisis of 1997. Covering events up to and including the recent parliamentary elections in South Korea, the book considers the socio-economic and political implications of the financial crisis. It is invaluable reading for students of modern Korea.

The Korean Economy

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 9781782543824
Total Pages : 342 pages
Book Rating : 4.5/5 (438 download)

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Book Synopsis The Korean Economy by : Charles Harvie

Download or read book The Korean Economy written by Charles Harvie and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea has played, and will increasingly play, an important role in the future development of the South East Asian region, including the expansion of regional economic cooperation and interregional trade. Indeed Korea has been a leading proponent of the idea of ASEAN+3. Clearer understanding of this economy, its major contemporary policy and reform issues and its future, are of particular interest from both regional and global perspectives.

Korean Political and Economic Development

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Author :
Publisher : BRILL
ISBN 13 : 1684175372
Total Pages : 246 pages
Book Rating : 4.6/5 (841 download)

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Book Synopsis Korean Political and Economic Development by : Jongryn Mo

Download or read book Korean Political and Economic Development written by Jongryn Mo and published by BRILL. This book was released on 2020-10-26 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: "How do poor nations become rich, industrialized, and democratic? And what role does democracy play in this transition? To address these questions, Jongryn Mo and Barry R. Weingast study South Korea’s remarkable transformation since 1960. The authors concentrate on three critical turning points: Park Chung Hee’s creation of the development state beginning in the early 1960s, democratization in 1987, and the genesis of and reaction to the 1997 economic crisis. At each turning point, Korea took a significant step toward creating an open access social order.The dynamics of this transition hinge on the inclusion of a wide array of citizens, rather than just a narrow elite, in economic and political activities and organizations. The political economy systems that followed each of the first two turning points lacked balance in the degree of political and economic openness and did not last. The Korean experience, therefore, suggests that a society lacking balance cannot sustain development. Korean Political and Economic Development offers a new view of how Korea was able to maintain a pro-development state with sustained growth by resolving repeated crises in favor of rebalancing and greater political and economic openness."

Economic Crisis and Corporate Restructuring in Korea

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Author :
Publisher : Cambridge University Press
ISBN 13 : 9780521823630
Total Pages : 374 pages
Book Rating : 4.8/5 (236 download)

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Book Synopsis Economic Crisis and Corporate Restructuring in Korea by : Stephan Haggard

Download or read book Economic Crisis and Corporate Restructuring in Korea written by Stephan Haggard and published by Cambridge University Press. This book was released on 2003-02-26 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

From Miracle to Maturity

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Publisher : BRILL
ISBN 13 : 1684175267
Total Pages : 395 pages
Book Rating : 4.6/5 (841 download)

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Book Synopsis From Miracle to Maturity by : Barry Eichengreen

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."

Economic Crisis and Dual Transition in Korea

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Author :
Publisher : 서울대학교출판부
ISBN 13 :
Total Pages : 318 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Economic Crisis and Dual Transition in Korea by : Sŏn-hyŏk Kim

Download or read book Economic Crisis and Dual Transition in Korea written by Sŏn-hyŏk Kim and published by 서울대학교출판부. This book was released on 2004 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt:

South Korea

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Author :
Publisher : Elsevier
ISBN 13 : 1780632517
Total Pages : 300 pages
Book Rating : 4.7/5 (86 download)

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Book Synopsis South Korea by : Young-Chan Kim

Download or read book South Korea written by Young-Chan Kim and published by Elsevier. This book was released on 2008-12-30 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Korea: Challenging globalisation and the post-crisis reforms examines the major economic issues flowing from the Korean financial crisis of 1997 and covers such issues as industrial relations, macroeconomic sectors, the role of administrations, and corporates’ globalisation process by over-expanded foreign direct investment. The chapters contained in this book are written by a wide variety of contributors, including a former government technocrat, president’s advisory board member, plus leading Korean economy specialists. Includes empirical surveys from the leading academics in Korea Exclusively research methodology on each topic First attempt to explain limited but historically important period economic policy

Economic Crisis and Korea/Taiwan

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Author :
Publisher :
ISBN 13 :
Total Pages : 98 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Economic Crisis and Korea/Taiwan by : Makoto Abe

Download or read book Economic Crisis and Korea/Taiwan written by Makoto Abe and published by . This book was released on 1999 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The causes of the IMF crisis in South Korea. What Experts Say

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3346342395
Total Pages : 28 pages
Book Rating : 4.3/5 (463 download)

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Book Synopsis The causes of the IMF crisis in South Korea. What Experts Say by : Juhyuk Park

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.

The Korean Economy at the Crossroads

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Author :
Publisher : Routledge
ISBN 13 : 1134375034
Total Pages : 358 pages
Book Rating : 4.1/5 (343 download)

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Book Synopsis The Korean Economy at the Crossroads by : Chung-Sok Suh

Download or read book The Korean Economy at the Crossroads written by Chung-Sok Suh and published by Routledge. This book was released on 2004-03-01 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many years up until 1997, Korea was widely seen in economic and financial circles as something of a miracle. The financial crisis that Korea experienced then did much to set its economy back, but by 2001 it was still the 13th largest economy in terms of GDP in the world. This enticing collection, with contributions from experts with an impressive knowledge of Korea and its economy, charts not only the well documented causes of the crisis, but more importantly, its response and recovery from it. With an admirable scholarly rigour, the book covers such topics as: *the origin and evolution of the Korean economic system and its special factors including chaebols *Korean industries since the crisis *What happened to the money after the capital flight of the crisis and did the USA benefit? "The Korean Economy at the" "Crossroads" is intended and recommended not only for students and academics involved in international finance, economics and Asian studies, but also for the business leaders and policy makers who can draw lessons from the books important analyses.

Korean Crisis and Recovery

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781589060685
Total Pages : 548 pages
Book Rating : 4.0/5 (66 download)

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Book Synopsis Korean Crisis and Recovery by : Mr.David T. Coe

Download or read book Korean Crisis and Recovery written by Mr.David T. Coe and published by International Monetary Fund. This book was released on 2002-09-19 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edited by David T. Coe and Se-Jik Kim, this volume contains papers presented at a May 2001 conference in Seoul sponsored by the IMF and the Korea Institute for International Economic Policy on the Korean Crisis and Recovery. The papers examine the response to the 1997 crisis, its long-term impact on growth, and the state of financial and corporate sector reforms. Authors include academics, Korean policymakers, and IMF and World Bank staff involved in the Korean program.

Korea's Economic Reform Measures Under the IMF Program

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Author :
Publisher : 대외경제정책연구원
ISBN 13 :
Total Pages : 354 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Korea's Economic Reform Measures Under the IMF Program by : Chan-Hyun Sohn

Download or read book Korea's Economic Reform Measures Under the IMF Program written by Chan-Hyun Sohn and published by 대외경제정책연구원. This book was released on 1998 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deals with government measures in the critical first six months of the Korean economic crisis.

Korea's Economic Prospects

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 9781782543732
Total Pages : 344 pages
Book Rating : 4.5/5 (437 download)

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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.

The Urgent Future of Korea

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Author :
Publisher :
ISBN 13 :
Total Pages : 286 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Urgent Future of Korea by :

Download or read book The Urgent Future of Korea written by and published by . This book was released on 1999 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Catch-up and Crisis in Korea

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Catch-up and Crisis in Korea by : Wontack Hong

Download or read book Catch-up and Crisis in Korea written by Wontack Hong and published by Edward Elgar Publishing. This book was released on 2002 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea has experienced one of the most profound economic transformations of any nation in history, and remains a very important focus of academic inquiry. Whilst the process of catch-up in Korea - led by export-oriented growth - has been rapid and, in a sense, very successful, it has also been subject to turbulence, not least in a crisis of near bankruptcy that has dramatically revealed its Achilles heel. Informed by the 1997 crisis, Wontack Hong writes a new history of the Korean economy; one that seeks to understand export-oriented catch-up in newly industrialized countries (NICs) whilst offering a realistic appraisal and forewarning of the pitfalls which could signal self-destruction. Catch-up and Crisis in Korea offers a balanced perspective on the Korean economy, and on newly industrialized countries in general, for those who have a serious interest in understanding the industrialization process.