Economic Development in China and Its Implications for East Asia

Chung Lee ()
Additional contact information
Chung Lee: Department of Economics, University of Hawaii at Manoa

No 200412, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: In the aftermath of the economic crisis of 1997-98 South Korea has undertaken a number of major institutional reforms. What are these reforms? Why were they undertaken? What is the outcome of the reforms? In answering these questions the paper examines the influence that the ideas of political leaders on political economy had in setting forth the reform agenda and the role that various interest groups have played in implementing the reform. It argues that there was a shift in the developmental paradigm in the early 1980s, that the new paradigm guided reforms in Korea during the 1980s and 1990s but with initial conditions and interest politics influencing the implementation and actual outcome of reform, and that the post-crisis reform was a culmination of the reform process that began in the early 1980s.

Keywords: Korea; Institutional Reform; Asian Financial Crisis. (search for similar items in EconPapers)
JEL-codes: G1 O5 P1 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2004
New Economics Papers: this item is included in nep-dev, nep-sea and nep-tra
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Forthcoming in The Journal of Asia Pacific Economy.

Downloads: (external link)
http://www.economics.hawaii.edu/research/workingpapers/WP_04-12.pdf First version, 2004 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hai:wpaper:200412

Ordering information: This working paper can be ordered from
http://www.economics ... esearch/working.html

Access Statistics for this paper

More papers in Working Papers from University of Hawaii at Manoa, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Web Technician ().