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Zagreb International Review of Economics & Business, Vol. 2 No. 2, 1999.

Original scientific paper

Lessons from (S) Korea

Irma Adelman ; University of California at Berkeley, Berkeley, USA

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page 57-71

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Abstract

After examining the critical role of the two five year plans (1962-67, focusing on infrastructure development and import substitution; 1967-72, emphasising export oriented industrialisation) in the rapid economic progress of (S) Korea, this paper discusses how mismanaged financial liberalisation led to severe economic troubles of the country in the late 1990s.

Keywords

government led development; export oriented industrialisation; asset confiscation; labour absorption; wastage allowance

Hrčak ID:

34403

URI

https://hrcak.srce.hr/34403

Publication date:

1.11.1999.

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