Catch-up and Crisis in Korea

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; o...