More Shopping OptionsKorea experiences a traumatic and largely unanticipated economic crisis in 1997-98 from which the country is still recovering. The crisis laid bare numerous structural, economic, and policy weaknesses. The authors chronicle and analyze the key factors behind Korea's economic miracle from 1962-1989 and the causes that contributed to the economic downturn and ensuing crisis of 1997-98. As the country undertakes a series of recovery measures, the authors consider the importance of the ongoing restructuring efforts in the corporate and banking sectors, the development of the 'new economy', and the potential economic advantages to be derived from reunification with the North.
Charles Harvie is Associate Professor of Economics at the University of Wollongong, Australia. Hyun-Hoon Lee is in the Department of International Trade at Kangwon National University.
"Highly recommended."--B.F. Hope, Choice
PART I * Korea's Economic Miracle 1962-89 * The Fading Miracle 1990-97 * PART II * Financial Crisis, IMF Bailout and its Aftermath * PART III * Post Crisis Macroeconomic Policy Framework and Structural Reform: Reviving the Old Economy * Boom in Information and Communications Technology Industries: New Economy Emerging? * Economic Integration with North Korea: Expanding a New Economic Territory * PART IV * Challenges and Prospects in the Twenty-First Century
