The Fading Miracle, 1990–97

Charles Harvie and Hyun-Hoon Lee
Additional contact information
Charles Harvie: University of Wollongong

Chapter 3 in Korea’s Economic Miracle, 2003, pp 41-75 from Palgrave Macmillan

Abstract: Abstract This chapter proceeds as follows. Section 2 conducts a brief overview of Korea’s macroeconomic performance during the 1990s. International trade, investment, debt and exchange rate developments are discussed in detail in Section 3, while the development of structural weaknesses in the economy is investigated in Section 4. Section 5 reviews other deficiencies in the economy during this period and policy weaknesses are discussed in Section 6. Section 7 compares the achievements of the Korean economy with that of the other so-called Tiger economies (Hong Kong, Singapore and Taiwan), the newly industrialising economies of South-East Asia (Malaysia, Thailand and Indonesia) and the developing economies of China and the Philippines. In doing so it identifies the early warning signs for the region in terms of slowing exports and GDP growth. Finally, Section 8 presents a summary of the major conclusions of this chapter.

Keywords: Foreign Direct Investment; Total Factor Productivity; Current Account; Foreign Debt; Export Growth (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-4039-2019-5_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781403920195

DOI: 10.1057/9781403920195_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().