Original scientific paper
Lessons from (S) Korea
Irma Adelman
; University of California at Berkeley, Berkeley, USA
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
Publication date:
1.11.1999.
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