The rise of the Korean economy

Abstract

Within 30 years, and despite the after-effects of colonial rule and devastating war, the Republic of Korea has transformed itself from an agricultural society to a modern industrial power, free of debt. Korea's transformation into a major trading nation has attracted world-wide attention. In this volume, a Korean economist provides an insider's view which traces the development of the Korean economy, analyzes the factors and policies which have led to success, draws some surprising contrasts with Japan, and identifies problems in the realms of labour, infrastructure, politics and the role of conglomerates, which will all have an impact on Korea's future.

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