The Dynamics of Korean Economic Development - Softcover

Soon, Cho

Softcover

ISBN 10: 0881321621 ISBN 13: 9780881321623

Verlag: PETERSON INST FOR INTL ECONOMI, 1994

Inhaltsangabe

One of Korea's most distinguished economists and teachers offers a new and critical appraisal of his country's postwar development. Dr. Cho argues that Korea's development strategy since 1960 achieved extraordinary growth rates, but it also contributed to structural imbalances that will impede Korea's entry into the ranks of the advanced industrial countries unless they are corrected. These structural problems include concentration of economic and political power in large industrial conglomerates, retarded development of small and medium-sized enterprises essential for entrepreneurship and technological innovation, an inadequate private financial services sector, and costly labor strife. Dr. Cho concludes that Korea must undertake a "great transition" in order to sustain growth and democratization. He recommends policies to reduce industrial concentration, establish a competitive pricing system (particularly in the financial sector), promote small and medium-sized enterprises, improve labor-management relations, and encourage investment in human capital.

Details zur Ausgabe

• Verlag: PETERSON INST FOR INTL ECONOMI
• Erscheinungsdatum: 1994
• Sprache: Englisch
• ISBN 10: 0881321621
• ISBN 13: 9780881321623
• Einband: Taschenbuch
• Anzahl der Seiten: 232
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar