 Az import liberalizálása Dél-KoreábanImport liberation in South KoreaJános Gács () MPRA Paper from University Library of Munich, Germany Abstract: Indicators of economic development of South Korea reflect outstanding progress. In the past three decades different phases of development succeeded one after another. The essence of general Park Chong Chu’s strategy was export-directed industrialization and import substitution with high import duties and differentiated export subsidies. When the layer of private owners became strong, importing was made easier and a monetary reform was introduced. A hyperactive role of the government was allowed by unique institutions in Korea. From the beginning of the 1970-ies, a Central Project for Heavy Industry went on with increased import protection and state credits. In order to release tensions caused by an inflexible system of financing, the over-centralized system, already badly functioning with the stipulated rules, was made slightly more flexible, though still important limitations were kept in force. Liberalization seems to be more intense since only 1984. Keywords: export subsidization and import substitution; waves of trade liberalization; hierarchical decision making system; planning; programme of heavy-industry development (search for similar items in EconPapers) Published in Külgazdaság 1992. No. 11.XXXVI(1992): pp. 46-64 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:62179 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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