The Transformation of the South Korean Economy

2019 ◽  
pp. 31-54
Author(s):  
David I. Steinberg
2021 ◽  
pp. 1-18
Author(s):  
Hyeong-ki Kwon

This chapter explores key questions of this book, including not only why Korea was able to achieve such sustained economic success from the 1960s to the 2010s, but also to what extent and why the Korean economy has changed. After critically reviewing prevalent theories including neoliberalism, the Global Production Networks, and the institutionalist developmental state (DS) theory, this chapter proposes a theoretical alternative by emphatically reviving the politics among diverse actors. In order to better account for endogenous changes and sustained economic success over a long period, this chapter suggests institutional adaptability and endogenous changes through elite competition.


2018 ◽  
Vol 21 (1) ◽  
pp. 91 ◽  
Author(s):  
Jeong Hyun Park ◽  
Se Kyung Lee ◽  
Jeong Eon Lee ◽  
Seok Won Kim ◽  
Seok Jin Nam ◽  
...  

Significance The recent fall in the price of oil was expected to provide a timely boost to the South Korean economy, but its performance in the first quarter of 2015, though rebounding from the previous quarter, has been below expectations. Beset by slowing exports and weak domestic demand, the mood in both the business and household sectors is downbeat. Impacts Absent a sustained growth rebound (or some kind of foreign policy breakthrough), Park's presidency will be seen as a failure. Deflation could threaten South Korea if there is no adjustment to monetary policy. An FTA with China will boost South Korean exports only in the longer term. The sharp depreciation of the euro will make Europe a challenging market for South Korea for now.


2016 ◽  
Vol 42 (3) ◽  
pp. 1-52
Author(s):  
Min-Joo Oh ◽  
Hyun Park

2004 ◽  
Vol 28 (4) ◽  
pp. 89-117
Author(s):  
Martin Hart-Landsberg

1998 ◽  
Vol 37 (4II) ◽  
pp. 825-845
Author(s):  
Javed A. Ansari ◽  
Rafique A. Khan

Recent economic upheavals raise important questions about the nature of the transformation that has taken place in the East Asian economics. Are these economics really catching up with the West? Is there growth process sustainable? Or will they suffer the type of systemic disintegration experienced by the East European countries during the 1990s—Paul Krugman (1994) and Young (1994) had demonstrated similarities in the East Asian and East European growth paths some time ago. Technological upgrading is an important element in the development of a sustainable growth strategy. This paper seeks to describe policies and initiatives taken by the South Korean government to stimulate technological learning during 1960-1990—the decades during which the South Korean economy achieved a “miraculous” transformation. The description relics mainly on Korean sources and is based on our own field research in that country. Section one describes the technological learning processes and Section Two presents a discussion of the policies that facilitated this learning. Section Three briefly addresses the question: Did this type of technological learning make a contribution towards enhancing the sustainability of Korean development processes? The concluding section briefly reflects on the lessons that seem relevant for Pakistan.


Asian Survey ◽  
2020 ◽  
Vol 60 (5) ◽  
pp. 859-881
Author(s):  
Terence Roehrig

Efforts to denuclearize North Korea continue, but it is highly doubtful whether this goal will be reached. An often-expressed fear of a nuclear-armed North Korea is that it might use this capability to coerce reunification with the South on its terms. Though its leaders often speak of the desire for reunification, North Korea will not and could not pursue a successful nuclear coercion strategy because it carries an inordinate amount of risk, even for Pyongyang, which raises serious doubts about the credibility of its nuclear threats, the possibility of success, and the likelihood of pursuing such a strategy in the first place. And even if North Korea were to succeed, its efforts to integrate the South Korean economy would be a disaster, leading to the end of the North Korean regime.


2016 ◽  
Vol 42 (3) ◽  
pp. 1-52
Author(s):  
Min-Joo Oh ◽  
Hyun Park

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