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This book presents Korea's economic strategy to meet the emerging challenges as it recovers from the 1997 financial crisis and moves on into the globalization and information era. For important policy areas, the authors evaluate existing policies, and offer proposals for new strategic direction that can achieve sustainable and equitable economic growth for Korea. formulating economic strategy as policy advisors to the Korean government, and they bring to their chapters extensive experience and insights regarding Korean government policies that are rarely available to readers in such a comprehensive form. The book therefore offers a timely and practical analysis of all aspects of the Korean economy. economy, Asian economics, development studies and a broad sweep of other issues concerning structural reform should find this volume useful.
The study assesses that the South Korean market and business practices will maintain some sui generis characteristics because of the country's idiosyncratic culture and singular form of institutional development in the recent past. The book contains comprehensive analysis of macro-level topics (such as business opportunities, cultural influence, country risk and market configuration) and micro-level topics (including business negotiation, business ethics, management of international joint ventures and the management system).
This book presents Korea's economic strategy to meet the emerging challenges as it recovers from the 1997 financial crisis and moves on into the globalization and information era. For important policy areas, the authors evaluate existing policies, and offer proposals for new strategic direction that can achieve sustainable and equitable economic growth for Korea. formulating economic strategy as policy advisors to the Korean government, and they bring to their chapters extensive experience and insights regarding Korean government policies that are rarely available to readers in such a comprehensive form. The book therefore offers a timely and practical analysis of all aspects of the Korean economy. economy, Asian economics, development studies and a broad sweep of other issues concerning structural reform should find this volume useful.
The Korean Economy: From Growth to Maturity takes an in-depth, amalgamated look at the evolution of Korea’s globalization drive from the early 2000s (Kim Dae-jung regime, 1998–2003) to the present period (Park Geun-hye, 2013–2017). The book discusses the role of foreign companies on the sustainability of Korea’s economic growth, the relationship between the chaebol and the MNCs, the evolution of Korea's nation brand, and the role of the state in Korea’s new economic trajectory (globalization) since the 2000s. With data collected from fieldwork, the book provides both empirical and qualitative insights (economic, socio-cultural and political economic analysis) into the Korean political economy and would be a very useful reference to other emerging economies experiencing similar globalization paths.
Korea now stands at an important crossroads for national development and prosperity in the era of globalisation. It is quite natural to raise the following questions: What trends will be evident in the global economic order of the 21st century? Will the US be able to maintain its economic dominance of the global economy? What will be the future choice of Japan in the on-going trends? Will the main international political and economic partner of Japan be the US or will it be China? Or will Japan opt for a more independent path? What will be the role of Japan in the 21st Century? The economic centre of the world is moving from the Atlantic to the Pacific, from Europe and the US to Asia. Russia has already pronounced itself to be an 'Eurasia' and US has declared Asia to be a region after attempting to break away from it. The main purpose of this book is to propose some strategies for Korea's survival and prosperity in the 21st century and draw possible lessons for the other developing countries, derived from the past economic development strategy and various reforms to solve the recent economic crisis.
How has South Korea's development influenced and been influenced by world events? The neo-Gramscian school theorises that world history reveals specific periods of hegemonic stability such as during the post World War II period of 'Pax Americana', but this new account of Korean development demonstrates that this speculation cannot be fully justified. Through making creative links between forms of state, education programmes, labour relations and the global climate throughout a series of 'historical blocs' such as the period of Japanese colonisation, Phoebe Moore covers the story of South Korean development. She observes that all economic development in South Korea has been carried out through 'passive revolution' driven by elite, frequently supported by external forces, against the will of a large part of the population, namely the working classes. In this original contribution Moore's critical International Political Economy approach sheds light on one of the fastest growing Asian economies and the 11th largest economy in the world. In doing so, she looks at the relationship between socio-economic change, passive revolution and its impact on the popular hegemony thesis.
This open access book analyses the development problems of sub-Sahara Africa (SSA) from the eyes of a Korean diplomat with knowledge of the economic growth Korea has experienced in recent decades. The author argues that Africa's development challenges are not due to a lack of resources but a lack of management, presenting an alternative to the traditional view that Africa's problems are caused by a lack of leadership. In exploring an approach based on mind-set and nation-building, rather than unity – which tends to promote individual or party interests rather than the broader country or national interests – the author suggests new solutions for SSA's economic growth, inspired by Korea's successful economic growth model much of which is focused on industrialisation. This book will be of interest to researchers, policymakers, NGOs and governmental bodies in economics, development and politics studying Africa's economic development, and Korea's economic growth model.
Provides an analysis of the Korean economic development and its future outlook. Covers the period from 1960 to 1992.
This Handbook examines the theory and practice of international relations in Asia. Building on an investigation of how various theoretical approaches to international relations can elucidate Asia's empirical realities, authors examine the foreign relations and policies of major countries or sets of countries.