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The restructuring in the post-crisis Korean economy

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  • The restructuring in the post-crisis Korean economy
  • Mah, Jai S.
  • University of Connecticut


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Title The restructuring in the post-crisis Korean economy
Similar Titles
Material Type Reports
Author(English)

Mah, Jai S.

Publisher

Storrs:University of Connecticut

Date 2003-11
Series Title; No Economics Working Papers
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Conditions
Economy < Economic Administration
Holding University of Connecticut

Abstract

The current paper evaluates the restructuring measures implemented in the post-crisis Korean economy. Its policies taken after the economic crisis were quite successful in terms of economic recovery. The financial and corporate sector reforms undertaken by the Korean government contributed to strengthening the banking and corporate sectors, attracting FDI inflows. However, most indicators show worsening of income inequalities and workers. situation regarding job security. The strengths as well as the weaknesses of the development strategy of Korea and its reform measures undertaken since the occurrence of the economic crisis need to be differentiated.