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About this product
Product Identifiers
PublisherPeterson Institute for International Economics
ISBN-100881321621
ISBN-139780881321623
eBay Product ID (ePID)865025
Product Key Features
Number of Pages216 Pages
LanguageEnglish
Publication NameDynamics of Korean Economic Development
SubjectDevelopment / Economic Development, Economic Conditions, World / Asian
Publication Year1994
TypeTextbook
AuthorCho Soon
Subject AreaPolitical Science, Business & Economics
FormatTrade Paperback
Dimensions
Item Height0.1 in
Item Weight2.2 Oz
Item Length0 in
Item Width0 in
Additional Product Features
Intended AudienceScholarly & Professional
LCCN93-042822
TitleLeadingThe
Dewey Edition20
Grade FromCollege Graduate Student
IllustratedYes
Dewey Decimal338.95195
SynopsisOne 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.