Catch-up and Crisis in Korea

Wontack Hong

in Books from Edward Elgar Publishing

Abstract: Whilst the process of catch-up in Korea – led by export-oriented growth – has been rapid and, in a sense, very successful, it has also been subject to turbulence, not least in a crisis of near bankruptcy that has dramatically revealed its Achilles heel. Informed by the 1997 crisis, Wontack Hong writes a new history of the Korean economy; one that seeks to understand export-oriented catch-up in newly industrialized countries (NICs) whilst offering a realistic appraisal and forewarning of the pitfalls which could signal self-destruction.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: B5 E12 (search for similar items in EconPapers)
Date: 2002
ISBN: 9781840649178
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