Catch-up and Crisis in Korea

By Wontack Hong

Korea has experienced one of the most profound economic transformations of any nation in history, and remains an important focus of academic enquiry. While the process of catch-up in Korea - led by export-oriented growth - has been rapid and, to an extent, successful, it has also been subject to turbulence, not least in a crisis of near bankruptcy that has dramatically revealed its Achilles heel. Informed by the 1997 crisis, Wontack Hong writes a new history of the Korean economy, one that seeks to understand export-oriented catch-up in newly industrialized countries (NICs) whilst offering a realistic appraisal and forewarning of the pitfalls which signal self-destruction.

• Format: Hardcover
• Language: English
• ISBN: 1840649178
• ISBN13: 9781840649178
• Release Date: January 2003
• Publisher: Edward Elgar Publishing
• Length: 176 Pages
• Weight: 0.90 lbs.
• Dimensions: 9.3" x 0.8" x 6.3"