콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Financial Policy

Print

Korea's stabilization policies in the 1980s

Related Document
Frame of Image inflation.

“Among over a hundred countries included in the World Bank, World Development Report (1983) for which inflation data for 1960-81 in terms of the GDP deflator are available, Korea stood in eleventh place, behind only the Latin American countries that had suffered from hyperinflation.”
3 3
Ⅱ. Political and Economic Environment in the 1970s
1. External Environment
• Collapse of the Bretton Woods system.

A decade of Inflation
• Oil Shocks
4
4
Ⅱ. Political and Economic Environment in the 1970s
2. Domestic Political Environment
• • • • Yushin Deterioration of the Korea-US relationship Demonstrations (Busan-Masan Civil Riot) Assassination of President Park
5
5
Ⅱ. Political and Economic Environment in the 1970s
3. Industrial Policy to Promote HCI
• • • The rationale rested more on political than economic justifications. The push given by President Park toward HCI was truly unprecedented. In order to promote HCI, every possible policy measure was mobilized.
6
6
Ⅱ. Political and Economic Environment in the 1970s
4. Financial Repression
• • • Out of total loans by deposit money banks, the share of policy loans rose to 50 percent. Average borrowing cost to firms remained below the inflation rate during the 1970s. Monetary policy was also mobilized as a tool for providing, so called, “growth money.”
7
7
Ⅱ. Political and Economic Environment in the 1970s
5. Soft Budget Constraint
• While the central government’s general account recorded surplus, the consolidated budget recor


Full Text
Title Korea's stabilization policies in the 1980s
Similar Titles
Material Type Proceedings
Author(English)

Cho, Dongchul; Kang, Younguck

Author(Korean)

조동철; 강영욱

Publisher

[Seoul]:KDI; KDI School

Date 2013-07
Event

Knowledge Sharing Program(KSP) Dissemination Seminar

Series Title; No Thematic Sessions(Finance)
Pages 22
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Holding KDI; KDI School

Resources