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Ten years after the Korean crisis : Crisis, adjustment and long-run economic growth

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  • Ten years after the Korean crisis
  • Karasulu, Meral; Yang, Doo Yong
  • Korea Institute for International Economic Policy
Contents

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Title Ten years after the Korean crisis
Similar Titles
Sub Title

Crisis, adjustment and long-run economic growth

Material Type Reports
Author(English)

Karasulu, Meral; Yang, Doo Yong

Publisher

Seoul:Korea Institute for International Economic Policy

Date 2008
Series Title; No Korea Institute for International Economic Policy. Conference proceedings / 08-02
ISBN 9788932230504; 8932230501; 9788932230207 (set); 893223020X (set)
Pages 350
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < General
Holding EWC

Abstract

Most observers would consider the 1997 Asian crisis as the biggest challenge in the impressive economic development of Korea. The Korean economy went through a significant transformation to overcome the unprecedented shocks of the crisis. The resolution of the crisis acted as a catalyst to bring much needed structural change in the financial and corporate sectors. In the process Korea has adopted wide-ranging economic reforms, experienced substantial institutional change and significant improvements in its legal framework. (The rest omitted)