Reforming Korea's Industrial Conglomerates

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Author :
Publisher : Peterson Institute for International Economics
ISBN 13 :
Total Pages : 228 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Reforming Korea's Industrial Conglomerates by : Edward Montgomery Graham

Download or read book Reforming Korea's Industrial Conglomerates written by Edward Montgomery Graham and published by Peterson Institute for International Economics. This book was released on 2003 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1998, the Korean economy experienced the deepest recession since the Korean War. Within a year a number of smaller industrial conglomerates had failed. In this study, Graham examines the causes of this situation, tracing them back to the aggressive industrial policy begun by president Park Chung-hee during the late 1960s. He also analyzes reforms undertaken since 1997, concluding that they have not been entirely successful.

The Korean Financial Crisis of 1997—A Strategy of Financial Sector Reform

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451844646
Total Pages : 67 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis The Korean Financial Crisis of 1997—A Strategy of Financial Sector Reform by : Mr.Angel J. Ubide

Download or read book The Korean Financial Crisis of 1997—A Strategy of Financial Sector Reform written by Mr.Angel J. Ubide and published by International Monetary Fund. This book was released on 1999-03-01 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.

Avoiding the Apocalypse: The Future of the Two Koreas [ISBN not on www]

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Author :
Publisher : Peterson Institute
ISBN 13 : 9780881325935
Total Pages : 462 pages
Book Rating : 4.3/5 (259 download)

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Book Synopsis Avoiding the Apocalypse: The Future of the Two Koreas [ISBN not on www] by : Noland, Marcus

Download or read book Avoiding the Apocalypse: The Future of the Two Koreas [ISBN not on www] written by Noland, Marcus and published by Peterson Institute. This book was released on 2000 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Crisis and Transformation of Korean Business Groups

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1139440071
Total Pages : 380 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Financial Crisis and Transformation of Korean Business Groups by : Sea-Jin Chang

Download or read book Financial Crisis and Transformation of Korean Business Groups written by Sea-Jin Chang and published by Cambridge University Press. This book was released on 2003-04-28 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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.

Entrepreneurial States

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Publisher : Cornell University Press
ISBN 13 : 0801462444
Total Pages : 280 pages
Book Rating : 4.8/5 (14 download)

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Book Synopsis Entrepreneurial States by : Yves Tiberghien

Download or read book Entrepreneurial States written by Yves Tiberghien and published by Cornell University Press. This book was released on 2018-07-05 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Entrepreneurial States, an innovative examination of the comparative politics of reform in stakeholder systems, Yves Tiberghien analyzes the modern partnership between the state and global capital in attaining structural domestic change. The emergence of a powerful global equity market has altered incentives for the state and presented political leaders with a "golden bargain"—the infusion of abundant and cheap capital into domestic stock markets in exchange for reform of corporate governance and other regulatory changes. Drawing on extensive archival research and interviews with policy and corporate elites in Europe and East Asia, Tiberghien asks why states such as Korea and France have embraced this opportunity and engaged in far-reaching reforms to make their companies more attractive to foreign capital, whereas Japan and Germany have moved forward much more grudgingly. Interest groups and electoral institutions have their impacts, but by tracing the unfolding dynamic of reform under different constraints, Tiberghien shows that the role of political entrepreneurs is critical. Such policy elites act as mediators between global forces and national constraints. As risk takers and bargain builders, Tiberghien finds, they use corporate reform to reshape their political parties and to stake out new policy ground. The degree of political autonomy available to them and the domestic organization of bureaucratic responsibility determine their ability to succeed.

Free Trade Between Korea and the United States?

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Author :
Publisher : Peterson Institute
ISBN 13 : 9780881323115
Total Pages : 156 pages
Book Rating : 4.3/5 (231 download)

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Book Synopsis Free Trade Between Korea and the United States? by : In-bŏm Chʻoe

Download or read book Free Trade Between Korea and the United States? written by In-bŏm Chʻoe and published by Peterson Institute. This book was released on 2001 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the economic and political benefits of the U.S. pursuing Free Trade Agreement negotiations with Korea, which is pursuing FTA accords as part of a strategy to restructure its economy and sustain the recovery from its 1997-98 economic crisis. The authors examine the impact of a prospective pact on other trading partners, on the Asia-Pacific Economic Cooperation, and on the multilateral trading system.

Troubled Tiger

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Publisher : M.E. Sharpe
ISBN 13 : 9780765601414
Total Pages : 394 pages
Book Rating : 4.6/5 (14 download)

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Book Synopsis Troubled Tiger by : Mark Clifford

Download or read book Troubled Tiger written by Mark Clifford and published by M.E. Sharpe. This book was released on 1998 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this new edition of Clifford's widely acclaimed book, the author expands his analysis of modern Korea to include the dramatic events of recent years. These include the imprisonment and sentencing of two former presidents of South Korea for their role in the Kwangju uprising and on various charges of corruption, the death of Kim Il Sung in the North and the resultant exacerbation of the instability of the North-South standoff, with all its military/nuclear implications, and recent labor and student protests.

Industrial Policy in an Era of Globalization

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Publisher : Peterson Institute
ISBN 13 : 9780881323504
Total Pages : 146 pages
Book Rating : 4.3/5 (235 download)

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Book Synopsis Industrial Policy in an Era of Globalization by : Marcus Noland

Download or read book Industrial Policy in an Era of Globalization written by Marcus Noland and published by Peterson Institute. This book was released on 2003 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization reigns supreme as a description of recent economic transformation--and it carries many meanings. In the policy realm, the orthodox terms of engagement have been enshrined in the "Washington consensus." But disappointing results in Latin America and transitional economies--plus the Asian financial crisis--have shaken the faith in Washington and elsewhere. One response has been to hark back to the more statist policies that the consensus marginalized. In this regard, Japan, Korea, and Taiwan are promoted as the poster nations that have derived great benefits from increasing integration with the international economy, without surrendering national autonomy in the economic or cultural spheres, effectively beating the West at its own game. The fundamental questions addressed in this monograph are whether industrial policy was indeed a major source of growth in these three economies, and if so, can it be replicated under current institutional arrangements, and if so, is it worth replicating, or, would developing countries today be better off embracing the suitably refined orthodoxy?

OECD Economic Surveys: Korea 2018

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264300821
Total Pages : 160 pages
Book Rating : 4.2/5 (643 download)

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Book Synopsis OECD Economic Surveys: Korea 2018 by : OECD

Download or read book OECD Economic Surveys: Korea 2018 written by OECD and published by OECD Publishing. This book was released on 2018-06-20 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth picked up in 2017, but reforms are needed to sustain Korea's convergence toward the income levels in the most advanced countries. Its labour productivity is 46% below the top half of OECD countries, reflecting problems in the service sector. In addition, productivity in small ...

The Strategy for Korea's Economic Success

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Publisher : Oxford University Press
ISBN 13 : 0190228792
Total Pages : 305 pages
Book Rating : 4.1/5 (92 download)

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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"--

The Saemaul Undong Movement in the Republic of Korea

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9290927038
Total Pages : 115 pages
Book Rating : 4.2/5 (99 download)

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Book Synopsis The Saemaul Undong Movement in the Republic of Korea by : Asian Development Bank

Download or read book The Saemaul Undong Movement in the Republic of Korea written by Asian Development Bank and published by Asian Development Bank. This book was released on 2012-06-01 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Saemaul Undong movement was a community-driven development program of the Republic of Korea in the 1970s. The movement contributed to improved community well-being in rural communities through agricultural production, household income, village life, communal empowerment and regeneration, and women's participation.This report examines the strengths and weaknesses of the movement along with contributing factors, including institutional arrangements, leadership influence, gender consideration, ideological guidance, and financing. It also reviews existing studies and government data on the movement, and presents excerpts from interviews with key persons engaged in the movement and useful lessons for implementing community-driven development initiatives in developing countries.

Reforms, Opportunities, and Challenges for State-Owned Enterprises

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Publisher : Asian Development Bank
ISBN 13 : 9292622838
Total Pages : 355 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Reforms, Opportunities, and Challenges for State-Owned Enterprises by : Edimon Ginting

Download or read book Reforms, Opportunities, and Challenges for State-Owned Enterprises written by Edimon Ginting and published by Asian Development Bank. This book was released on 2020-07-01 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: State-owned enterprises (SOEs) play significant roles in developing economies in Asia and SOE performance remains crucial for economy-wide productivity and growth. This book looks at SOEs in Azerbaijan, Indonesia, Kazakhstan, the People's Republic of China, and Viet Nam, which together present a panoramic view of SOEs in the region. It also presents insights from the Republic of Korea on the evolving role of the public sector in various stages of development. It explores corporate governance challenges and how governments could reform SOEs to make them efficient drivers of the long-term productivity-induced growth essential to Asia's transition to high-income status.

The Transformation of South Korea

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Author :
Publisher : Routledge
ISBN 13 : 1134845154
Total Pages : 208 pages
Book Rating : 4.1/5 (348 download)

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Book Synopsis The Transformation of South Korea by : Robert Bedeski

Download or read book The Transformation of South Korea written by Robert Bedeski and published by Routledge. This book was released on 2002-11 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: A thorough analysis of the institutions of government in South Korea, their transformation by the introduction of political pluralism, and the impact of that on the country's economy.

Reforming the IMF for the 21st Century

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Author :
Publisher : Peterson Institute
ISBN 13 : 9780881325829
Total Pages : 596 pages
Book Rating : 4.3/5 (258 download)

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Book Synopsis Reforming the IMF for the 21st Century by :

Download or read book Reforming the IMF for the 21st Century written by and published by Peterson Institute. This book was released on 2006 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Park Chung Hee Era

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Publisher : Harvard University Press
ISBN 13 : 0674061063
Total Pages : 753 pages
Book Rating : 4.6/5 (74 download)

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Book Synopsis The Park Chung Hee Era by : Byung-Kook Kim

Download or read book The Park Chung Hee Era written by Byung-Kook Kim and published by Harvard University Press. This book was released on 2011-04-01 with total page 753 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Regulatory Reform

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Author :
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Regulatory Reform by : Russell Pittman

Download or read book Regulatory Reform written by Russell Pittman and published by . This book was released on 2003 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: