Restructuring 'Korea Inc.': Financial Crisis, Corporate Reform, and Institutional Transition / Edition 1

Restructuring 'Korea Inc.': Financial Crisis, Corporate Reform, and Institutional Transition / Edition 1

by Jang-Sup Shin, Ha-Joon Chang
     
 

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ISBN-10: 0415278651

ISBN-13: 9780415278652

Pub. Date: 02/14/2003

Publisher: Taylor & Francis

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.' in

Overview

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.' in comparison with other East Asian countries, the authors describe the challenges faced by Korea in the 1990s due to the acceleration of globalization. By arguing that the transition attempted by Korea was badly conceived and ill designed, Restructuring 'Korea Inc.' focuses on corporate reform after the crisis that has led to the running up of huge 'transition costs'.
This snappy, informative and readable book has a broad historical overview and with its suggestions for structural change for Korea. This book is an important contribution not only to Asian studies, but also to the study of financial crises and the political economy of economic reform.

Product Details

ISBN-13:
9780415278652
Publisher:
Taylor & Francis
Publication date:
02/14/2003
Series:
Routledge Studies in the Growth Economies of Asia Series
Edition description:
New Edition
Pages:
176
Product dimensions:
5.50(w) x 8.50(h) x 0.56(d)

Table of Contents

1. Restructuring 'Korea Inc.' - The 1997 Financial Crisis and Structural Reform
2. The Korean Model in Historical Perspective
3. The Korean Crisis and Its Aftermath
4. Assessing the Post-1997 Corporate Reform
5. Conclusion - What Future for Korea?

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