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Dual sources of the South Korean economic crisis : Institutioanl and organisational failures and the structural transformation of the economy

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  • Dual sources of the South Korean economic crisis
  • Shin,Dongyoub
  • University of Mississippi


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Title Dual sources of the South Korean economic crisis
Similar Titles
Sub Title

Institutioanl and organisational failures and the structural transformation of the economy

Material Type Books
Author(English)

Shin,Dongyoub

Publisher

[Oxford],[U.S.] : University of Mississippi

Date 2017
Pages 18
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < General
Economy < Economic Conditions
Holding University of Mississippi
License

Abstract

This chapter analyses the sources of the South Korean economic crisis and the current economic reforms. Many business scholars and practitioners have tried to figure out the causes of the economic crisis that swept through most Asian countries in 1997. Among the seriously damaged Asian countries, the case of South Korea, which used to be the world's eleventh largest trading country, has drawn special attention from students of Asian economic systems. Until the financial crisis in 1997 the South korean economy had enjoyed miraculous growth. In the early 1960s South korea was one of the world’s poorest nations, but by the mid 1990s it had become a major competitor in many core industries, such as semiconductors, cars, ship-building, steel and electronics