The Korean Economy Beyond The Crisis


The Korean Economy Beyond The Crisis
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The Korean Economy Beyond The Crisis


The Korean Economy Beyond The Crisis
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Author : Duck-Koo Chung
language : en
Publisher: Edward Elgar Publishing
Release Date : 2004

The Korean Economy Beyond The Crisis written by Duck-Koo Chung and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.


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.



Beyond The Crisis


Beyond The Crisis
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Author : Kwang Woo Jun
language : en
Publisher: Seoul Selection USA, Incorporated
Release Date : 2010

Beyond The Crisis written by Kwang Woo Jun and has been published by Seoul Selection USA, Incorporated this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with History categories.


Stepping up to the task of economic reform is critical in both the local and global contexts. Hasty optimism in a market known for its notoriously short memory must not be allowed to dilute the importance of the role of reform in further strengthening the financial systems in many countries. Otherwise, the ominous threat that "the end of one crisis is the beginning of the next crisis" looms exponentially closer. This book is prepared to serve two objectives. One is sharing knowledge of effective crisis management, based on Korea's recent experience in overcoming its own turmoil during the global financial crisis. International organizations such as the IMF, OECD and the World Bank, as well as the international press, have given much coverage to Korea's economic comeback story. The Korean experience may shed some light for many emerging economies in dealing with such a financial crisis. This book also endeavors to propose an agenda for a safer and more disciplined financial environment, leading to balanced and sustained growth of the world economy. While steps have already been taken, the global community must not lose momentum in continuing to improve the architecture of the international financial system. The present crossroads also coincides with Korea's assumption of the G-20 Forum chairmanship, under the auspices of which Korea stands ready to play an active role in promoting collective global efforts to these ends.



The Korean Economy


The Korean Economy
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Author : Charles Harvie
language : en
Publisher: Edward Elgar Publishing
Release Date : 2004-01-01

The Korean Economy written by Charles Harvie and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-01 with Business & Economics categories.


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.



The Global Financial Crisis And The Korean Economy


The Global Financial Crisis And The Korean Economy
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Author : Jang-Sup Shin
language : en
Publisher: Routledge
Release Date : 2013-12-04

The Global Financial Crisis And The Korean Economy written by Jang-Sup Shin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-04 with Business & Economics categories.


The world economy fell into a global financial crisis in 2008/9 and is still jittered by its aftershocks. Like other financial crises happened in the world economy, it came as a surprise. In historical perspective, financial crises should be understood as a natural fact of life in the world economy and a more pertinent question that should be posed would be why people so easily forget and do not learn from the historical experience. This book deals with the question in two ways. First, it investigates the frame of mind that distances people from the reality of life. At the heart of it, it argues that there are wrong perceptions on the working of the world economy, in particular, the international financial market. It summarizes them as ‘the five conventional wisdoms’ in the international financial market and, by critically examining them, it draws on ‘the five financial theorems’, which would provide intellectual pillars for a more realistic understanding of the global financial market. Second, the book examines in detail the case of an emerging market economy that fell into a financial crisis twice in the recent decade. South Korea provides us with an interesting case of emerging market financial crises that came as ‘surprises’: it faced a financial crisis in 1997/98 after it had been acclaimed as one of ‘East Asian miracle economies’ and it was again befallen to a crisis during the global financial crisis in 2008/2009 after it was widely regarded as a country that had recovered from the crisis with one of the most successful implementations of the IMF-sponsored reforms. The book attempts to provide the readers with a realistic understanding of emerging market financial crises by interpreting the recent global financial crisis and the Korean crises with some general concepts manifested in ‘the five financial theorems’. It also tries to draw more general implications for policy management of emerging market economies.



Korea S Economic Miracle


Korea S Economic Miracle
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Author : C. Harvie
language : en
Publisher: Springer
Release Date : 2002-12-17

Korea S Economic Miracle written by C. Harvie and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-12-17 with Political Science categories.


Korea, one of the original 'Tiger Economies', experiences a traumatic and largely unanticipated economic crisis in 1997-98 from which the country is still recovering. Despite having achieved spectacular economic advances from the early 1960s, the crisis laid bare numerous structural, economic and policy weaknesses. Charles Harvie and Hyun-Hoon Lee chronicle and analyze the key factors behind Korea's economic miracle from 1962-1989 and the causes that contributed to the economic downturn and ensuing crisis of 1997-98. Is the Korean economy still fading or is its revival underway? As the country undertakes a series of recovery measures, the authors consider the importance of the ongoing restructuring efforts in the corporate and banking sectors, the development of the 'new economy; and the potential economic advantages to be derived from reunification with the North.



Recurring Economic Crisis In Korea


Recurring Economic Crisis In Korea
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Author : Jong Kyu Lee
language : en
Publisher: Nova Publishers
Release Date : 2008

Recurring Economic Crisis In Korea written by Jong Kyu Lee and has been published by Nova Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.


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.



Korea S Economic Prospects


Korea S Economic Prospects
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Author : O. Yul Kwon
language : en
Publisher: Edward Elgar Publishing
Release Date : 2001-01-01

Korea S Economic Prospects written by O. Yul Kwon and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-01-01 with Business & Economics categories.


'. . . 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.



Economic Crisis And Corporate Restructuring In Korea


Economic Crisis And Corporate Restructuring In Korea
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Author : Stephan Haggard
language : en
Publisher: Cambridge University Press
Release Date : 2003-02-26

Economic Crisis And Corporate Restructuring In Korea written by Stephan Haggard and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-02-26 with Business & Economics categories.


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.



Restructuring Korea Inc


Restructuring Korea Inc
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Author : Jang-Sup Shin
language : en
Publisher: Routledge
Release Date : 2003-01-16

Restructuring Korea Inc written by Jang-Sup Shin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-01-16 with Business & Economics categories.


The 1997 South Korean financial crisis not only shook the country itself but also sent shock waves through the financial world at large. This impressive book critically assesses the conventional wisdom surrounding the Korean crisis and the performance of the IMF-sponsored reform programme.Looking first at the strengths and weaknesses of 'Korea Inc.



The Korean Economy


The Korean Economy
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Author : Barry Eichengreen
language : en
Publisher: BRILL
Release Date : 2020-05-11

The Korean Economy written by Barry Eichengreen and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-11 with Law categories.


"South Korea has been held out as an economic miracle—as a country that successfully completed the transition from underdeveloped to developed country status—and as an example of how a middle-income country can continue to move up the technology ladder into the production and export of more sophisticated goods and services. But with these successes have come challenges, among them poverty, inequality, long work hours, financial instability, and complaints about the economic and political power of the country’s large corporate conglomerates, or chaebol.The Korean Economy provides an overview of Korean economic experience since the 1950s, with a focus on the period since democratization in 1987. Successive chapters analyze the Korean experience from the perspectives of political economy, the growth record, industrial organization and corporate governance, financial development and instability, labor and employment, inequality and social policy, and Korea’s place in the world economy. A concluding chapter describes the country’s economic challenges going forward and how they can best be met.The volume also serves to summarize the findings of companion volumes in the Harvard–Korean Development Institute series on the Korean economy, also published by the Harvard University Asia Center."