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The Korean Economy 1945-1995 : Performance and Vision for the 21st Century

페이스북
커버이미지
  • 저자 차동세, 편(車東世, 編) , 김광석, 편(金光錫, 編) , Dwight H. Perkins, editor
  • 발행일 1997/04/01
원문보기
요약 A number of books and papers are available on Korean
economic development. however, most of them are limited either
in the time span covered or subject areas. This report covers all
the sectors deemed important in Korea`s economic development
processes, and includes chapters on North Korea as well as the
vision and strategies for the 21st century. Authors for each
subject were carefully selected to successfully carry out this
important task. A total of twenty-nine authors have been
involved for seventeen papers including foreign scholars and
many KDI fellows.

Part One comprises two papers and serves as the
introduction to this book. Chapter 1 attempts a comprehensive
historical review and evaluation of the past 50years of Korean
economic development. Dividing the half century into three
distinct periods, the authors present and assess the development
strategies and patterns. Chapter 2 complements the first one by
analyzing and discussing the sources of economic growth, the
transformation of the economic structure, and the key factors
contributing to Korea`s economic success including the roles
played by the government and the market in the process of
structural transformation of the economy.

Part Two deals with broad macroeconomic performances and
policies. The first paper, Chapter 3, presents an overview of the
macroeconomy by investigating, among other things, the role of
political leadership and provides some international comparisons.
Chapter 4 analyzes the macroeconomic policies and performances
in a narrower sense : the evolution of monetary, fiscal and
exchange rate policies as well as the impact of these policies
and other environmental factors on growth, employment,
inflation, and the balance of payments. Chapter 5 and 6,
respectively, deal with financial and taxation/fiscal policies, with
emphases on tracing the evolution of financial policies and
systems and assessing the shifts in major objectives and role of
government budgetary management.

Part Three discusses Korea`s trade and industrial policies
and their roles in overall economic growth. The first two papers,
Chapter 7 and 8, are both concerned with assessing the efficacy
of the trade and industrial policies. While Chapter 7 analyzes the
process of structural transformation and the efficiency of the
heavy and chemical industry drive of the 1970s, Chapter 8
provides a detailed account of how trade and industrial policies
have been shaped to meet the challenges of domestic and
external origins. Chapter 9 discusses government policies toward
technology development, interaction between the government and
the private sector in this process, and related corporate
behaviors. Chapter 10 describes the evolution of Korea`s
industrial organization and the government`s policy response
including those toward large business groups(chaebols).
Agricultural policy and the role of agriculture in the process of
economic development are discussed in Chapter 11.

Part Four deals with the issues of welfare, distribution and
broader social development together with those of labor and
regional development. Chapter 12 evaluates Korea`s social
development in relation to its economic growth by examining
various social development indicators including those of income
distribution. Chapter 13 provides a historical overview of welfare
policies and an evaluation of budgetary expenditures on welfare,
the social welfare system and social security policies, as well as
the distribution of income and wealth. Chapter 14 assesses the
shifts in labor market and employment situations and policies on
human resource development. Chapter 15 describes and assesses
the government`s regional development plans and provision of
social infrastructure.

Part Five (Chapter 16)presents a historical review of North
Korea`s economic system and policies together with its
performances. Analyzing the causes of its economic plight in the
1990s, the authors also suggest a direction for the reforms
required to improve its economic situation.

Finally Part Six (Chapter 17)offers a vision and strategies of
the Korean economy for the 21st century on the basis of the
anticipated changes in domestic and external environment and
the challenges.
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