SEVEN DECADES OF KOREAN ECONOMIC SUCCESS

SEVEN DECADES OF KOREAN ECONOMIC SUCCESS
Author: 장대환
Publisher: Maekyung Publishing
Total Pages: 937
Release: 2019-09-30
Genre: Business & Economics
ISBN:

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An Opportunity for a Leap of Growth Possible Because It’s the Republic of Korea! Finding a New Engine to Drive a Grand Transition into a First-Class Country “The Republic of Korea is really a puzzling case. It seems to me that the country should have been wiped from the map a long time ago, but it wasn’t. It is a miracle that Korea continued for 5,000 years while surrounded by such powers as China, Japan, and Russia and has even thrived.” --- Paul Kennedy, the author of The Rise and Fall of the Great Powers We've been doing a lot better than we give credit to ourselves. Ironic as it is, it seems that Koreans are the only people who are totally unimpressed by the feat of the brilliant economic growth we’ve achieved. The world cannot give enough praise to the achievements Koreans have made with sweat and tears for the last 70 years since the country was leveled in the aftermath of the Korean War. Korea has transformed itself from a country whose survival was dependent on aid from overseas to the world’s 12th largest economic power, and the people around the world dubbed the feat “The Miracle of the Han River.” Nevertheless, Koreans often ignore or underrate such achievements. Koreans belittle themselves, derogatorily nicknaming Korea as “Hell Joseon.” We are living at a time when individual self-esteem matters more, but still, I cannot shake off the feeling that it is high time we should look after our nation's self-esteem as a priority. That is the reason I am publishing this book, “The Republic of Korea That We Don’t Know.” It is my quest to look at our reality from an objective viewpoint through the records of the past and the present and chart our path towards a brighter future. “The Republic of Korea surely can do it.” “Koreans have enthusiasm for education and dynamism unsurpassed by any other country. It means that Koreans have what it takes to make another leap of growth in the era of the Fourth Industrial Revolution where innovation becomes more important than ever, but that doesn’t guarantee that Korea will naturally become a better place to live. We have to overcome the challenges that can derail everything that we’ve worked so hard for, just like we have done throughout the past 70 years that presented us with endless challenges and crises. We must solve the problem of a low birthrate and aging population, and we have to prepare for the era of a unified Korea. Forgiveness and reconciliation must be an integral part in the process of Korea’s second leap. With a warm heart, we must turn the energy of conflict into energy of positivity and unity. Freedom has to overflow in schools and workplaces, and government interference and intervention should remain at a minimum. Only then will Korea’s creative juices flow and entrepreneurship flourish and make it ready to move forward toward a knowledge-based society.” - Excerpt from the Preface

The Strategy for Korea's Economic Success

The Strategy for Korea's Economic Success
Author: Hwy-Chang Moon
Publisher: Oxford University Press
Total Pages: 305
Release: 2016-04-01
Genre: Business & Economics
ISBN: 0190228806

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Korea's economic success has inspired numerous studies and research projects in past decades. Despite good efforts to analyze the strategy of Korea, earlier studies have not been able to comprehensively and systematically explain the country's "miraculous" growth. After thorough analysis of these earlier studies, a new model has been developed by showing that a country or firm does not have to be more innovative or possess more resources to have a competitive advantage over others. In The Strategy for Korea's Economic Success, Hwy-Chang Moon details four factors that comprise the ABCD model and illustrates how the Korean government, corporations, and people have exemplified these factors in achieving their current level of success. The four factors are agility (speed + precision), benchmarking (learning + best practices), convergence (mixing + synergy), and dedication (diligence + goal-orientation). Together, these factors have enabled Korea's economic success and will continue to drive the next level of growth. Anyone can become more competitive with proper implementation of the ABCDs. Korea's development strategy holds special value, because it is more practical and appropriate for many developing countries. For more developed countries, on the other hand, the ABCDs can be used to fast-track the next phase of growth. Moon also highlights the role of internationalization in broadening the scope of strategic choices, and shows how the combined implementation of internationalization and the ABCDs deepens the pool of strategic resources.

The Korean Economy

The Korean Economy
Author: Il SaKong
Publisher: 한국개발연구원
Total Pages: 362
Release: 2010
Genre: Business & Economics
ISBN:

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Reviews the evolution of economic growth and trends in social development during the period between 1948 and 2009.

The Korean Economy

The Korean Economy
Author: Committee for the Sixty-Year History of the Korean Economy
Publisher:
Total Pages: 340
Release: 2013
Genre: Korea (South)
ISBN: 9789814455718

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The Rise and Fall of Korea’s Economic Development

The Rise and Fall of Korea’s Economic Development
Author: Sung-Hee Jwa
Publisher: Springer
Total Pages: 174
Release: 2017-09-14
Genre: Business & Economics
ISBN: 3319580655

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This book provides a unique and refreshing look at the Korean economy over the past 60 years. While most books and articles on the Korean economy would be technical or specifically address some aspect of Korea, this book takes an overarching view of Korea’s economic development. It assesses Korea’s economic take-off in the 1960s and 1970s, but also views the problems of ‘economic egalitarianism’ since the late-1980s to today. The book begins by listing and dispelling a number of important myths of the Korean economy and concludes by providing eight important ‘lessons’ derived from Korea’s experiences for developed as well as developing countries.

Doing Business 2018

Doing Business 2018
Author: World Bank
Publisher: World Bank Publications
Total Pages: 1217
Release: 2017-11-14
Genre: Business & Economics
ISBN: 1464811474

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Fifteen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2018 measures aspects of regulation affecting 10 areas of everyday business activity: • Starting a business • Dealing with construction permits • Getting electricity • Registering property • Getting credit • Protecting minority investors • Paying taxes • Trading across borders • Enforcing contracts • Resolving insolvency These areas are included in the distance to frontier score and ease of doing business ranking. Doing Business also measures features of labor market regulation, which is not included in these two measures. The report updates all indicators as of June 1, 2017, ranks economies on their overall “ease of doing business†?, and analyzes reforms to business regulation †“ identifying which economies are strengthening their business environment the most. Doing Business illustrates how reforms in business regulations are being used to analyze economic outcomes for domestic entrepreneurs and for the wider economy. It is a flagship product produced in partnership by the World Bank Group that garners worldwide attention on regulatory barriers to entrepreneurship. More than 137 economies have used the Doing Business indicators to shape reform agendas and monitor improvements on the ground. In addition, the Doing Business data has generated over 2,182 articles in peer-reviewed academic journals since its inception. Data Notes; Distance to Frontier and Ease of Doing Business Ranking; and Summaries of Doing Business Reforms in 2016/17 can be downloaded separately from the Doing Business website.

Economic Development Of Korea

Economic Development Of Korea
Author: Kim Chuk Kyo
Publisher: World Scientific
Total Pages: 308
Release: 2019-03-06
Genre: Business & Economics
ISBN: 9813276010

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The purpose of this book is to provide a systematic and policy-focused analysis of Korea's development performance from a historical perspective. The book begins with post-war reconstruction efforts and extends to recent developments in the Korean economy. Through a comprehensive analysis of Korea's development performance over the last six decades, the book examines in detail how development strategies and policies evolved over time, what were their consequences and underlying factors, and what lessons can be drawn from the Korean experience. A wide range of issues are discussed, including the role of government, capital accumulation, growth and structural change, industrial development and concentration, economic liberalization, human resource and technology development, social development and income distribution. The important features of the Korean development model are highlighted to draw lessons from the Korean experience.

The Korean Diaspora in the World Economy

The Korean Diaspora in the World Economy
Author: C. Fred Bergsten
Publisher: Peterson Institute
Total Pages: 188
Release: 2003
Genre: Business & Economics
ISBN: 9780881323580

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"In this book - based on a major conference sponsored by the Overseas Koreans Foundation (OKF) in Seoul in October 2002 - experts hold up South Korea as one of the most dramatic examples of participation in the global economy, having gone from being a poor, underdeveloped country fewer than 40 years ago to becoming a postwar economic success story. This report also looks at South Korea's role as a regional trading partner and its present and future relations with north Korea" -- BACK COVER.

From Miracle to Maturity

From Miracle to Maturity
Author: Barry Eichengreen
Publisher: BRILL
Total Pages: 395
Release: 2020-05-11
Genre: History
ISBN: 1684175267

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"The economic growth of South Korea has been a remarkable success story. After the Korean War, the country was one of the poorest economies on the planet; by the twenty-first century, it had become a middle-income country, a member of the Organization of Economic Cooperation and Development (the club of advanced economies), and home to some of the world’s leading industrial corporations. And yet, many Koreans are less than satisfied with their country’s economic performance, given the continuing financial volatility and sluggish growth since the Korean economic crisis of 1997–1998.From Miracle to Maturity offers a comprehensive qualitative and quantitative analysis of the growth of the Korean economy, starting with the aggregate sources of growth (growth of the labor force, the stock of capital, and productivity) and then delving deeper into the roles played by structural change, exports, foreign investment, and financial development. The authors provide a detailed examination of the question of whether the Korean economy is now underperforming and ask, if so, what can be done to solve the problem."