The Restructuring in the Post-Crisis Korean Economy

Jai S. Mah ()

No 2003-46, Working papers from University of Connecticut, Department of Economics

Abstract: The current paper evaluates the restructuring measures implemented in the post-crisis Korean economy. Its policies taken after the economic crisis were quite successful in terms of economic recovery. The financial and corporate sector reforms undertaken by the Korean government contributed to strengthening the banking and corporate sectors, attracting FDI inflows. However, most indicators show worsening of income inequalities and workers. situation regarding job security. The strengths as well as the weaknesses of the development strategy of Korea and its reform measures undertaken since the occurrence of the economic crisis need to be differentiated.

JEL-codes: G18 O53 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2003-11
New Economics Papers: this item is included in nep-ifn, nep-mac and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:uct:uconnp:2003-46

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