A New Paradigm for Korea's Economic Development

A New Paradigm for Korea's Economic Development
Author: S. Jwa
Publisher: Springer
Total Pages: 306
Release: 2001-05-21
Genre: Business & Economics
ISBN: 1403920206

The reader will find here analyses of a wide range of past and current policy experiences and reform efforts in Korea. The policy lessons drawn are designed to aid Korea's transformation from the government-led development model to a modern market-orientated economic system. The main tenet of this book is that Korea's economic future depends entirely upon the successful integration of market-orientated systems and as such, policy recommendations are duly presented.

Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal

Korea’s Paradigm Shift for Sustainable and Inclusive Growth: A Proposal
Author: Yangkyoon Byeon
Publisher: International Monetary Fund
Total Pages: 41
Release: 2017-11-20
Genre: Business & Economics
ISBN: 1484329937

Korea is facing mounting economic challenges. Productivity growth has been on a trend decline amid demographic headwinds, while the societal demand for inclusive growth has been on a steep rise. Furthermore, the government-led unbalanced growth model—which served Korea well in the past—has become less effective and politically palatable in recent years. As such, Korea needs a major paradigm shift to embark on a new sustainable and inclusive growth path. But policy response has been modest at best with no major reforms being implemented over the past two decades. We propose a paradigm shift in Korea’s economic framework, involving a simultaneous big push for greater economic freedom and stronger social protection within the parameters set by long-run fiscal sustainability. We also provide a detailed account of structural reforms to boost economic freedom and sustainable funding plans for stronger social protection.

OECD Economic Surveys: Korea 2018

OECD Economic Surveys: Korea 2018
Author: OECD
Publisher: OECD Publishing
Total Pages: 160
Release: 2018-06-20
Genre:
ISBN: 9264300821

Economic growth picked up in 2017, but reforms are needed to sustain Korea's convergence toward the income levels in the most advanced countries. Its labour productivity is 46% below the top half of OECD countries, reflecting problems in the service sector. In addition, productivity in small ...

Korea as a Knowledge Economy

Korea as a Knowledge Economy
Author: Chung-hae S?
Publisher: World Bank Publications
Total Pages: 204
Release: 2007
Genre: Technology & Engineering
ISBN: 0821372025

Korea's development process offers valuable lessons for other developing and less developed economies. In particular, the way Korea uses outside technologies, by accumulating indigenous capabilities, is still valid in the era of the knowledge economy. This volume examines the Korean model and Korea's march toward a knowledge economy from a poverty-ridden economy before the launch of full-scale industrialization in the early 1960s. It also emphasizes Korea's achievements, as well as remaining tasks within the four pillars of the knowledge economy, with a common theme throughout -- how Korea has narrowed the gaps in its knowledge and institutions in global competition with world leaders.

Korean Political and Economic Development

Korean Political and Economic Development
Author: Jongryn Mo
Publisher: Harvard University Press
Total Pages: 0
Release: 2013
Genre: Korea (South)
ISBN: 9780674726741

"Mo and Weingast study three critical turning points in South Korea's remarkable transformation and offer a new view of how Korea was able to maintain pro-development policies with sustained growth by resolving repeated crises in favor of rebalancing and greater political and economic openness"--Provided by publisher.

Economic Development Of Korea

Economic Development Of Korea
Author: Chuk Kyo Kim
Publisher: World Scientific
Total Pages: 308
Release: 2019-03-06
Genre: Business & Economics
ISBN: 9813276010

The purpose of this book is to provide a systematic and policy-focused analysis of Korea's development performance from a historical perspective. The book begins with post-war reconstruction efforts and extends to recent developments in the Korean economy. Through a comprehensive analysis of Korea's development performance over the last six decades, the book examines in detail how development strategies and policies evolved over time, what were their consequences and underlying factors, and what lessons can be drawn from the Korean experience. A wide range of issues are discussed, including the role of government, capital accumulation, growth and structural change, industrial development and concentration, economic liberalization, human resource and technology development, social development and income distribution. The important features of the Korean development model are highlighted to draw lessons from the Korean experience.

Re-Inventing Africa's Development

Re-Inventing Africa's Development
Author: Jong-Dae Park
Publisher: Springer
Total Pages: 456
Release: 2018-12-31
Genre: Business & Economics
ISBN: 3030039463

This open access book analyses the development problems of sub-Sahara Africa (SSA) from the eyes of a Korean diplomat with knowledge of the economic growth Korea has experienced in recent decades. The author argues that Africa's development challenges are not due to a lack of resources but a lack of management, presenting an alternative to the traditional view that Africa's problems are caused by a lack of leadership. In exploring an approach based on mind-set and nation-building, rather than unity – which tends to promote individual or party interests rather than the broader country or national interests – the author suggests new solutions for SSA's economic growth, inspired by Korea's successful economic growth model much of which is focused on industrialisation. This book will be of interest to researchers, policymakers, NGOs and governmental bodies in economics, development and politics studying Africa's economic development, and Korea's economic growth model.

The Economic Development of South Korea

The Economic Development of South Korea
Author: Seung-hun Chun
Publisher: Routledge
Total Pages: 460
Release: 2018-01-29
Genre: Business & Economics
ISBN: 1351215728

How did a country with a dearth of natural resources, a sprawling population congested in a limited arable land transform itself to a modern industrial state within a generation? How could these have been achieved given the lingering geopolitical threats to its very survival as a state, as evidenced by the Korean War and the internecine aggressive posturing of its neighbor from the north? This book looks at strategies, institutional arrangement, role of entrepreneurs and workers in this odyssey, and on how those factors have worked together through effective leadership to transform South Korea’s economic fortunes.