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This paper purports to examine the role of foreign capital and policies of the Korean government on foreign capital in the following three periods: The first period spans from 1962 to 1979, when foreign capital, especially foreign debt, contributed substantially to Korea’s economic growth. The second period covers 1980 to 1997, when the Korean economy opened its financial market gradually and ended in a financial crisis. The third period is from 1998 to now when the Korean government has opened its financial markets while it has tried to mitigate the negative effects of volatile foreign capital flows.
In the early 1960s, the gap between domestic savings and investments for Korea was huge and Korea had to introduce substantial amount of foreign capital in order to fill the gap. The major form of foreign capital introduced into Korea in the 1960s and 1970s was debt. This outward-looking development strategy was very successful in 1960s and 1970s.(The rest omitted)
외자도입 운용경험(Foreign capital in economic development) : Korean experiences and policies
| Title |
외자도입 운용경험(Foreign capital in economic development)
Similar Titles
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|---|---|
| Sub Title | Korean experiences and policies |
| Project Category | Development Cases |
| Material Type | Reports |
| Author(Korean) |
이진수 |
| Publisher |
서울 : KDI 국제정책대학원 |
| Date | 2013 |
| Project | Development Cases |
| Series Title; No | Knowledge Sharing Program: 경제발전경험 모듈화 사업 |
| ISBN | 978-89-93695-95-3 94320; 978-89-93695-90-8 (전42권) |
| Pages | 96 |
| Subject Country | South Korea(Asia and Pacific) |
| Language | Korean |
| File Type | Documents |
| Original Format | |
| Subject | Economy < General Economy < Financial Policy |
| Holding | KDI 국제정책대학원 |
| Supervisor | KDI국제정책대학원 |
| Organizer | 기획재정부; KDI국제정책대학원 |
| Sponsor | 기획재정부 |
| Project Term | 2012-01-01 ~ 2012-12-31 |
| License |  |
Abstract
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Resources
Foreign capital in economic development : Korean experiences and policies
Lee, Jinsoo
/ 2013
/ Seoul
:
KDI School of Public Policy and Management
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