A new paradigm for Korea's economic development : from government control to market economy

목차 (Table of Contents)

• CONTENTS
• Series Editor's Preface = x
• List of Tables = xi
• List of Figures = xiv
• Acknowledgements = xv
• 1 Overview of the Korean Economy over the Past Thirty Years = 1
• 1. Overview of Korea's economic growth = 1
• 2. Experiences of macroeconomic management = 5
• 3. Korea's experiences of microeconomic management : industrial policies and the Chaebol = 8
• 4. Summary of main points = 12
• 5. Aims of this volume = 13
• Appendix 1.1 : Korea's experience of industrial policies = 17
• 2 The Role of Government versus the Market for Sustainable Development = 33
• 1. Introduction = 33
• 2. The debate over the role of the government = 34
• 3. Korea's experiences = 37
• 4. The natural market order and the role of government in economic management = 41
• 5. Summary and lessons = 46
• 3 Legacies and Lessons of Korea's Macroeconomic Management = 48
• 1. Introduction = 48
• 2. Some features of macroeconomic developments = 49
• 3. Existing patterns of macroeconomic management = 52
• 4. Changing prospects in macroeconomic policy environments = 55
• 5. Reforms in the macroeconomic policy regime = 58
• 6. Macroeconomic policy issues in a small open economy setting = 67
• 7. Summary and lessons = 81
• 4 The Evolution of the Chaebols : The Property Rights System and Economic Organization in Korea = 83
• 1. Introduction = 83
• 2. Some testable hypotheses of new-institutional economics = 84
• 3. Empirical evidence of the impact of transaction costs on economic behavior = 90
• 4. Empirical evidence of the impact of the individual property rights system on economic behavior = 98
• 5. Property rights and the evolution of large business firms in Korea = 101
• 6. Summary and lessons = 111
• 5 Globalization and the Diversification Behavior of the Chaebols = 114
• 1. Introduction = 114
• 2. New industrial organization under globalized markets = 117
• 3. Globalization and Korea's industrial organization = 119
• 4. Lessons for industrial policy = 126
• Appendix 5.1 : An integrated theory of endogenous economic organization = 127
• 6 Reform Prospects for Korea's Financial System = 132
• 1. Introduction = 132
• 2. Risk and returns of Financial-Industrial interaction : the Korean Experience = 133
• 3. The endogenous financial system and the prospects for Korea's financial structure = 143
• 7 Experiences of Economic Reforms in Korea and Future Challenges = 154
• 1. Introduction = 154
• 2. Neoclassical interpretation of economic institutional reforms = 155
• 3. A brief evaluation of institutional reform = 161
• 4. Political economy of economic reform = 163
• 5. Lessons for future economic reforms = 167
• 6. Concluding remarks = 172
• 8 Korea's 1997 Currency Crisis : Causes and Post-Crisis Macroeconomic Developments = 174
• 1. Introduction = 174
• 2. A quick look at the crisis itself = 178
• 3. A deeper look : structural and long-term factors = 180
• 4. A deeper look : cyclical and short-term macroeconomic and external factors = 188
• 5. Post-crisis macroeconomic developments = 193
• 6. Some reflections on the IMF prescriptions in hindsight = 208
• 7. Concluding remarks = 210
• Appendix 8.1 : Quantitative examination of the role of a strong exchange rate = 211
• Appendix 8.2
• 1. Letter to the Managing Director of IMF from leaders of Korean industry(drafted by the author) = 214
• 2. Letter of reply from Michel Camdessus, Managing Director of IMF = 218
• 9 Kim Dae-Jung's Structural Reforms and Some Evaluations = 220
• 1. Introduction = 220
• 2. Structural reforms in four major sectors of the economy = 221
• 3. A brief evaluation of the Kim Dae-Jung reforms = 236
• 4. Concluding remarks : some suggestions for future reforms = 245
• 10 A Final Word : The Future of the Korean Economy = 249
• 1. Challenges and opportunities for the twenty-first century = 249
• 2. Changes in twenty-first century economic environment and implications for Korea's development strategy = 252
• 3. Long-term growth prospects = 259
• Notes = 264
• Select Bibliography = 276
• Index of Names = 283
• Index of Subjects = 285