What Made Korea S Rapid Growth Possible
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What Made Korea S Rapid Growth Possible
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Author : Jungho Yoo
language : en
Publisher: Routledge
Release Date : 2020-02-27
What Made Korea S Rapid Growth Possible written by Jungho Yoo and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-02-27 with Business & Economics categories.
Korea’s experience of rapid economic growth represents both hope and a challenge to many developing countries. The conventional wisdom inside and outside Korea has been that the government’s policies such as export promotion, industrial targeting, and so on, made the rapid growth possible. This book investigates the effects of the policies and concludes that Korea’s growth experience does not corroborate the view. Rather, it points to the tremendous growth in size of the world market as an important factor that has been overlooked in the discussion of nations’ economic growth in the post-World War II era. It was roughly 100 times bigger in the early 1960s than it was in the middle of the First Industrial Revolution. The potential "gains from trade" were that much greater; while the Korean economy had not been realizing the potential gains, it began to as soon as a major reform of the foreign exchange system in 1961 removed the impediments to foreign trade. Explosive export expansion and rapid growth of the economy immediately followed. The "Korean Miracle" may be better understood as a process whereby the economy realized its huge potential.
Economic Development Of Korea
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Author : Kim Chuk Kyo
language : en
Publisher: World Scientific
Release Date : 2019-03-06
Economic Development Of Korea written by Kim Chuk Kyo and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-06 with Business & Economics categories.
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.
The Economic Rise Of Asia Japan Indonesia And South Korea
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Author : Vittorio Valli
language : en
Publisher: Lexis
Release Date : 2017-03-31
The Economic Rise Of Asia Japan Indonesia And South Korea written by Vittorio Valli and has been published by Lexis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-31 with Business & Economics categories.
How has been possible for Japan to become the fourth economic power in the world, for Indonesia to reach the eighth world position and for South Korea, a relatively small country by territory and population, to become an important technological power and a great net exporter of PCs, chips, mobile phones, ships and automobiles? This book tries to explain the different development paths of the three great Asian economies and to explore the principal causes of their periods of brilliant economic success and of crisis. The extraordinary growth of physical capital and of knowledge and the role of the State are essential to explain the phases of industrialization and of exceptionally rapid economic growth in Japan and South Korea. Two additional analytical tools are used: the concepts of the fordist-toyotist model of growth and of stockflows relations. The second concept is particularly important in order to jointly explain the phase of very rapid growth of the Japanese economy up to the end of the 1980s and the following deep structural crisis. On the other hand, the towering importance given to education and R.&D is one of the keys for the continuation of the success of the Korean economy. Indonesia has reached a period of rapid economic growth much later than Japan and South Korea, but in the 2000s it it is rapidly catching up. However, Indonesia has devoted too limited resources to the expansion of knowledge and health conditions and to the conservation of the environment, so that its model of growth, which remains heavily dependent on the exploitation of natural resources and on the activity of foreign multinationals, must be substantially revised.
The Economics Of Rapid Growth
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Author : Dirk Pilat
language : en
Publisher: Edward Elgar Publishing
Release Date : 1994-01-01
The Economics Of Rapid Growth written by Dirk Pilat 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 1994-01-01 with History categories.
In The Economics of Rapid Growth, Dirk Pilat uses catch up theory to explain why countries with lower levels of income can use the technology of more advanced economies to foster growth and industralisation. His analysis emphasises the importance of pre-existing education levels, financial and commercial institutions and infrastructure to explain the rapid economic growth of Japan and Korea. A growth accounting framework is used to show the contribution of capital, labour and land to the rapid economic growth from the early 1950s. This growth is put in an international perspective by detailed sectoral productivity comparisons which include discussion of some of the measurement problems implicit in international comparisons. The final parts of the book look at the links between productivity and competitiveness, as well as the role of trade policy and exports in productivity growth. This acclaimed new book will be widely read by researchers, students and policy makers concerned with growth, development and the emergence of two of the most powerful economies in the modern world.
The Economic And Social Modernization Of The Republic Of Korea
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Author : Edward S. Mason
language : en
Publisher: BRILL
Release Date : 2020-03-17
The Economic And Social Modernization Of The Republic Of Korea written by Edward S. Mason and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-17 with History categories.
Explores the economic and social development of Korea, primarily in the twentieth century. Includes extensive statistical data. Examines the impact of Japanese colonialism and subsequent macroeconomic development, industrialization, rural development, fiscal and financial development, income distribution, the development of foreign trade, the role of education, foreign assistance, and urbanization. Includes 134 tables and 10 figures summarizing historical statistical data.
Korea S Growth Performance
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Author : Marcus Noland
language : en
Publisher:
Release Date : 2011
Korea S Growth Performance written by Marcus Noland and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
South Korea is arguably the premier development success story of the last half century. For 47 years starting in 1963, the economy averaged 7 percent real growth annually, and experienced only two years of economic contraction: 1980 after the second oil shock and the assassination of President Park Chung-hee, and 1998 at the nadir of the Asian financial crisis. At the start of that period South Korea had a per capita income lower than that of Mozambique or Bolivia; today it is richer than Spain or New Zealand, and was the first Asian and first non-G7 country to host a summit of the G20, the unofficial steering committee of the world economy. The South Korean case is of interest for a variety of reasons. Rapid growth coincided with extensive state interventions in the economy, and considerable controversy exists as to how much this performance should be credited to the country's state-led development strategy and to what extent the lessons from that experience might be portable or applied elsewhere. The salience of this issue has grown as South Korea has become a more important provider of development assistance and advice. Now the country faces challenges in maintaining its superior economic performance in the face of an aging population domestically and a taxing external environment. Finally, the country confronts scenarios involving potential instability, collapse, and/or absorption of its neighbor, North Korea.
Re Inventing Africa S Development
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Author : Jong-Dae Park
language : en
Publisher: Springer
Release Date : 2018-12-31
Re Inventing Africa S Development written by Jong-Dae Park and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-31 with Business & Economics categories.
This open access book analyses the development problems of sub-Sahara Africa (SSA) from the eyes of a Korean diplomat with knowledge of the economic growth Korea has experienced in recent decades. The author argues that Africa's development challenges are not due to a lack of resources but a lack of management, presenting an alternative to the traditional view that Africa's problems are caused by a lack of leadership. In exploring an approach based on mind-set and nation-building, rather than unity – which tends to promote individual or party interests rather than the broader country or national interests – the author suggests new solutions for SSA's economic growth, inspired by Korea's successful economic growth model much of which is focused on industrialisation. This book will be of interest to researchers, policymakers, NGOs and governmental bodies in economics, development and politics studying Africa's economic development, and Korea's economic growth model.
The Economic And Social Modernization Of The Republic Of Korea
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Author : Edward Sagendorph Mason
language : en
Publisher: Harvard Univ Asia Center
Release Date : 1980
The Economic And Social Modernization Of The Republic Of Korea written by Edward Sagendorph Mason and has been published by Harvard Univ Asia Center this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Business & Economics categories.
Preliminary Material -- Introduction -- Modernization in the Third World and in Korea -- The Historical Foundations of Modern Economic Growth -- Economic Development in Macroeconomic Terms, 1953-1976 -- Industrialization and Foreign Trade -- Foreign Assistance and Korean Development -- Rural Development -- Government and Business -- Korean Fiscal and Financial Development -- Education -- Population, Urbanization, and Health -- Income Distribution -- Summary and Conclusions -- Notes -- Selected Bibliography -- Index -- Harvard East Asian Monographs.
The Korean Economy
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Author : Korea (South). Kyŏngje Kihoegwŏn
language : en
Publisher:
Release Date : 1976
The Korean Economy written by Korea (South). Kyŏngje Kihoegwŏn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Korea categories.
South Korea In The Fast Lane
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Author : Young-Iob Chung
language : en
Publisher: Oxford University Press on Demand
Release Date : 2007-07-20
South Korea In The Fast Lane written by Young-Iob Chung and has been published by Oxford University Press on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-07-20 with Business & Economics categories.
Examining South Korea's robust economic development and rapid capital formation, this book assesses sectoral investments, both in the public and business sectors, focusing on their volume, nature, sources and means of financing investment at home and abroad.