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Popular reaction to the intervention by the IMF in the Korean economic crisis

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  • Popular reaction to the intervention by the IMF in the Korean economic crisis
  • Hayo, Bernd; Shin, Doh Chull
  • University of Duisburg-Essen


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Title Popular reaction to the intervention by the IMF in the Korean economic crisis
Similar Titles
Material Type Reports
Author(English)

Hayo, Bernd; Shin, Doh Chull

Publisher

[Essen]:University of Duisburg-Essen

Date 2002-04
Pages 20
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Economic Conditions
Government and Law < Public Administration
Holding German National Library of Economics

Abstract

The International Monetary Fund (IMF) has played an important role in restructuring the Korean economy over the past three years. Relying upon survey data collected in 1998 and 1999, this paper explores the role of the IMF in Korea, as perceived by its citizens. In the eyes of the Korean people, the IMF helped their economy to recover from the crisis. However, those Koreans who experience a decline in their income, are critical of the IMF intervention in their economy. Finally, our analysis of the public attitude data reveals that the pro-IMF orientations among the Korean people have little to do with their support for a market-oriented reform program.