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Structural reform as precondition for economic growth : Analytical framework and the case of South Korea

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  • Structural reform as precondition for economic growth
  • Yanagihara, Toru
  • The Institute of Comparative Economic Studies


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Title Structural reform as precondition for economic growth
Similar Titles
Sub Title

Analytical framework and the case of South Korea

Material Type Articles
Author(English)

Yanagihara, Toru

Publisher

[Tokyo]:The Institute of Comparative Economic Studies

Date 2006
Journal Title; Vol./Issue Journal of International Economic Studies:No. 27
Pages 19
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Conditions
Economy < Economic Administration
Holding The Institute of Comparative Economic Studies

Abstract

High and sustained growth in East Asia, and particularly in Northeast Asia, after the Second World War stands out as exceptional experience in the economic history of the world. This article aims to provide a new perspective on this unique growth experience in Northeast Asia by presenting an analytical framework for the understanding of the critical role of structural reform as precondition for the start and continuation of economic growth. The analytical framework will be illustrated in discussing the case of South Korea. The article undertakes the following tasks: provide a methodological examination on the key concept of precondition, adopted to place growth experiences in the perspective of economic history; trace the growth trajectories of three Northeast Asian economies (Japan, Taiwan, and Korea) in a long-term perspective and post-WWII growth performances in some detail; identify both regional commonalities and differences across individual economies; (The rest omitted)