The Korean financial crisis of 1997/98 and its implications for the global financial system

Irma Adelman and Song Byung Nak

Chapter 5 in Globalization and Economic Development, 2001 from Edward Elgar Publishing

Abstract: Globalization is widely regarded as a means not only of ensuring efficiency and growth, but also of achieving equity and development for those countries operating in the global economy. The book argues that this perception of globalization as the road to development has lost its lustre. The experience of the 1990s belied expectation of the gains, such as faster growth and reduced poverty, which could be achieved through closer integration in the world economy.

Keywords: Development Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2001
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