Structural adjustment in a newly industrialized country: the Korean experience
Gespeichert in:
| Weitere beteiligte Personen: | |
|---|---|
| Format: | Buch |
| Sprache: | Nichtbestimmte Sprache |
| Veröffentlicht: |
Baltimore, Md. <<[u.a.]>>
The Johns Hopkins Univ. Pr.
1992
|
| Ausgabe: | 1. print. |
| Schriftenreihe: | A World Bank book
|
| Schlagwörter: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021692871&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Umfang: | IX, 360 S. graph. Darst. |
| ISBN: | 0801843286 |
Internformat
MARC
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Datensatz im Suchindex
| _version_ | 1819308827750694912 |
|---|---|
| adam_text | Structural
Adjustment
in a Newly
Industrialized
Country
The Korean Experience
Edited by
Vittorio Corbo
Sang-Mok Suh
PUBLISHED FOR THE WORLD BANK
The Johns Hopkins University Press
Baltimore and London
Contents
Preface ix
1 Introduction and Overview 1
Vittorio Corbo and Sang-Mok Suh
The Analytic Approach 2
Tracing Korea s Success 3
Conclusions and Lessons 4
Note 5
2 The Economy in Historical Perspective 6
Sang-Mok Suh
Rebuilding Korea: 1953-62 6
Development Strategy, 1963-71: Export Promotion 10
Economic Policy, 1972-79: Promotion of Heavy and
Chemical Industries 16
Structural Adjustment: 1980-86 25
Notes 31
References 33
3 Recent Evolution of the Macroeconomy 35
Vittorio Corbo and Sang- Woo Nam
Twenty-five Years of Economic Development 35
Sources of Economic Growth 39
Effects of the External Shocks on the Economy: A Model
of the Current Account 42
The Role of Fiscal and Monetary Policies 49 ^
Conclusions 57
Appendix 58
Notes 66
References 66
4 The External Balance 68
Rudiger Dombusch and Yung-Chul Park
An Overview and Comparison 69
Structural Features of the Korean Economy 71
The 1978-82 Period of Crisis and Adjustment 76
Hypotheses about Success with Adjustment 80
Lessons from the Korean Experience 91
Notes 93
References 93
5 Recent Experience in Controlling Inflation 95
Vittorio Corbo and Sang- Woo Nam
The Evolution of Inflation 95
The Sources of Inflation: An Aggregate Model 100
vi Contents
Conclusions 111
Appendix 112
Notes 113
References 114
f 6 The Role of the Financial Sector in Korea s Structural
Adjustment 115
Yoon-Je Cho and David C Cole
Conceptual Framework 116
Changing Size and Structure of the Korean Financial System 119
Government Financial Policies 122
Interest Rates 123
Effects of Financial Changes on Corporate Financial Structure
and Performance 125 ,
Conclusions 133
Notes 135
References 137
7 Agricultural Policies and Structural Adjustment 138
Dae-Hee Song and Byung-Seo Ryu
Features of the Agriculture Sector 139
Policy in the 1960s and 1970s 140
Policy Responses and Issues in the 1980s 149
Alternatives in Agricultural Policy 163
Summary and Conclusions 167
Notes 169
References 170
8 Import Liberalization and Industrial Adjustment 171
Soo-Gil Young
Background on the Recent Import Liberalization 172
Policy Approach to Import Liberalization 177
The Pattern of Industrial Development and the Effect of
Import Liberalization 183
Pattern of Adjustment to Import Liberalization at the Firm Level 193
Conclusions 199
Notes 201
References 202
9 Industrial Organization: Issues and Recent Developments 204
Kyu-Uck Lee, Shujiro Urata, and Inborn Choi
Market Structure in the 1970s and 1980s 205
Industrial Organization Policies in the 1970s and 1980s 210
Market Performance 216
Conclusions 223
Notes 224
References 226
Contents vii
10 Structural Adjustment and the Role of the Labor Market 228
Tarsicio Castaneda and Funkoo Park
Overview of Adjustment 228
Labor Supply and Employment Generation 229
Lessons and Emerging Issues 250
Notes 252
References 255
11 Energy Policy and Adjustment 256
Julio J Rotemberg and Seok-Hyun Hong
The Korean Energy Sector 258
Energy Demand 260
Macroeconomic Consequences of Pricing Policies: Theory 268
The Macroeconomic Consequences of Pricing 272
Conclusions: Pricing Policy 275
Appendix: Demand for Energy with Costs of Adjustment 278
Notes 279
References 280
12 Social Welfare during the Period of Structural Adjustment 281
Sang-Mok Suh and Ha-Cheong Yeon
Social Welfare Policies since the Late 1970s 283
Recent Trends in Social Welfare 291
Remaining Issues in Social Welfare 300
Notes 303
References 304
13 Economic Management for Structural Adjustment in the 1980s 305
In-Joung Whang
How Decisions Were Made 306
Decisionmaking for the CMES and the Political Environment 309
Technical and Behavioral Aspects of Policymaking 312
How Decisions Were Implemented 315
Conclusions 321
Notes 323
References 325
14 Recent Experience with Growth-Oriented Adjustment
Programs 328
ViUorio Corbo and Sang-Mok Suh
A Framework for Adjustment with Growth 329
Korea s Performance up to the Late 1970s 333
An Evaluation of Korea s Adjustment Program 335
Lessons from Korea s Adjustment 343
Note 345
References 346
Postscript 348
Index 351
|
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| id | DE-604.BV026099459 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T14:57:52Z |
| institution | BVB |
| institution_GND | (DE-588)121364-7 |
| isbn | 0801843286 |
| language | Undetermined |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-021692871 |
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| physical | IX, 360 S. graph. Darst. |
| publishDate | 1992 |
| publishDateSearch | 1992 |
| publishDateSort | 1992 |
| publisher | The Johns Hopkins Univ. Pr. |
| record_format | marc |
| series2 | A World Bank book |
| spellingShingle | Structural adjustment in a newly industrialized country the Korean experience Strukturpolitik (DE-588)4066520-3 gnd |
| subject_GND | (DE-588)4066520-3 (DE-588)4078029-6 (DE-588)1071861417 |
| title | Structural adjustment in a newly industrialized country the Korean experience |
| title_auth | Structural adjustment in a newly industrialized country the Korean experience |
| title_exact_search | Structural adjustment in a newly industrialized country the Korean experience |
| title_full | Structural adjustment in a newly industrialized country the Korean experience The World Bank. Ed. by Vittorio Corbo ... |
| title_fullStr | Structural adjustment in a newly industrialized country the Korean experience The World Bank. Ed. by Vittorio Corbo ... |
| title_full_unstemmed | Structural adjustment in a newly industrialized country the Korean experience The World Bank. Ed. by Vittorio Corbo ... |
| title_short | Structural adjustment in a newly industrialized country |
| title_sort | structural adjustment in a newly industrialized country the korean experience |
| title_sub | the Korean experience |
| topic | Strukturpolitik (DE-588)4066520-3 gnd |
| topic_facet | Strukturpolitik Südkorea Konferenzschrift 1986 Washington DC |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021692871&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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