Korean Economy At A Crossroad

Korean Economy At A Crossroad

by Sung Y Kwack
Pub. Date:
ABC-CLIO, Incorporated


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Korean Economy At A Crossroad

The ROK economy has experienced rapid growth in the last 30 years. Analyzing the important issues which have been raised by this growth is of interest to other developing areas of the world. The contributors to this work are well placed specialists in Korean studies in Korea and the United States. The ROK economy is located in the midst of the Pacific Basin, the most promising part of the developing world. Recently, the economy has moved into more highly sophisticated markets, as well as into the global financial markets. However, an increasing number of concerns have been raised, charging that the progress has been too rapid, too materialistic, and too inequitable. These criticisms have been compounded by the problems of political dissent and instability in the region.

Product Details

ISBN-13: 9780275946364
Publisher: ABC-CLIO, Incorporated
Publication date: 05/30/1994
Pages: 272
Product dimensions: 6.00(w) x 9.00(h) x 0.75(d)
Lexile: 1470L (what's this?)

About the Author

SUNG YEUNG KWACK is a Professor of Economics at Howard University, and has widely published on various economic subjects, many of which have a bearing on Korea.

Table of Contents


Foreword by Lawrence R. Klein


Introduction by Sung Yeung Kwack

Economic Development

Korea's Economic Takeoff in Retrospect by Duck Woo Nam

The Economic Development of Japan, Korea, and Taiwan: A Non-Neoclassical Paradigm by Jene K. Kwon

Reflections on the Non-Economic Factors in Korea's Economic Development by Kyung Dong Kim

The Rates of Return on Capital in the United States, Japan, and Korea, 1972-1990 by Sung Yeung Kwack

Sex Discrimination in Korea's Job Market by Bun Song Lee

Financial Liberalization and Investment

Is Financial Liberalization a Panacea? by Un Chan Chung

Foreign Exchange Policy, Monetary Policy, and Capital Market Liberalization in Korea by Deborah J. Lindner

Taxes and Foreign Direct Investment in Korea by Joosung Jun

Korea's Big Business Groups and International Competitiveness by Suk Mo Koo

Integration of the South and North Korean Economies

The North Korean Economy: Challenges and Prospects by Pong S. Lee

North Korea's Foreign Trade of and the Permanent Export Hypothesis by Sung Woo Kim

Economic Integration of the Korean Peninsula: A Scenario Approach to the Cost of Reunification by Young Sun Lee



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