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Korea in the World Economy
Book Data
Out-of-Print
January 1993
ISBN paper 0-88132-183-4
328 pp.

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Korea in the World Economy


by Il SaKong

"Highly recommended for area specialists."

Choice

"... a significant contribution ... very valuable for students of Korean economic development."

Asia-Pacific Economic Literature

"For an insider's view on Korean government economic policies, readers can do no better than this book."

Stephen Thomsen
International Affairs

"... strongly recommended ..."

Michael C. McDermott
The Economic Journal

Description

This study examines the factors that have contributed to the "Korean Miracle": an active role by government in managing the economy; an outward-oriented trade policy; market and nonmarket factors, including culture, rapid physical and human capital accumulation rates; and macroeconomic and exchange rate policy, and international borrowing. Despite Korea's outstanding performance since 1962, the author argues that his country is now at a crucial policy juncture. Competition in the world economy and the welcome movement toward democracy in Korea will require new strategies and political consensus to promote growth and equity. The author provides policy recommendations for how Korea can meet the challenges and opportunities that lie ahead. Special attention is focused on Korea's growing stature in the world economy and the role Korea can play to promote international economic cooperation in Asia and at the global level. He also addresses the question of whether the "Korean model" is relevant to other countries.

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Other books of interest:
Dynamics of Korean Economic Development
Dynamics of Korean Economic Development
by Cho Soon
Economic Integration of the Korean Peninsula
Economic Integration of the Korean Peninsula
edited by Marcus Noland
Free Trade Between Korea and the United States?
Free Trade Between Korea and the United States?
by Inbom Choi and
Jeffrey J. Schott
appendix by John P. Gilbert
Industrial Policy in an Era of Globalization: Lessons from Asia
Industrial Policy in an Era of Globalization: Lessons from Asia
by Marcus Noland and
Howard Pack
Korea-United States Economic Relationship
Korea-United States Economic Relationship
edited by C. Fred Bergsten and
Il SaKong
Measuring the Costs of Visible Protection in Korea
Measuring the Costs of Visible Protection in Korea
by Namdoo Kim
Reforming Korea's Industrial Conglomerates
Reforming Korea's Industrial Conglomerates
by Edward M. Graham