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The effect of the 1997 Asian financial crisis on environmental spending in the Republic of Korea

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ABSTRACT THE EFFECT OF THE 1997 ASIAN FINANCIAL CRISIS ON ENVIRONMENTAL SPENDING IN THE REPUBLIC OF KOREA By Lawrence Kuo-Ming Chang
There have been a substantial number of studies on the causes of the 1997 Asian financial and economic crisis and its effects on Korea’s economic development policy. Much less attention has been given to determining the effects on the environmental policy of Korea. This paper analyzes the movement of various environmental budgets in Korea, i.e. budgets for pollution abatement and control activities and for the Ministry of Environment, before and after the 1997 Asian financial and economic crisis to examine its impact on Korea’s environmental policy. Budget data was drawn from a number of sources, including the OECD, the Bank of Korea, the Ministry of Environment of Korea and the Ministry of Planning and Budget of Korea. The evidence supports the hypothesis that the 1997 Asian financial and economic crisis negatively impacted environmental policy well beyond the immediate effects of the economic recession in 1998. Spending on the environment in Korea expanded at a much slower rate after 1997 than in the years leading up the Asian financial and economic crisis, which indicates a cessation or reversal of the prioritization of environmental policy among policy makers that began in the early 1990s in Korea.
Copyright by Lawrence Kuo-Ming Chang 2005
Dedicated to My Molly
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Full Text
Title The effect of the 1997 Asian financial crisis on environmental spending in the Republic of Korea
Similar Titles
Material Type Reports
Author(English)

Chang, Lawrence Kuo-Ming

Publisher

[Seoul]:KDI School of Public Policy and Management

Date 2005
Pages 74
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Territorial Development < Environment
Holding KDI School of Public Policy and Management

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Thesis(Master)