The Korean Economy
Subtitle: Perspectives for the Twenty-First Century (Suny Series in Korean Studies)
Publisher: State University of New York Press
Published: April 1996
Language: eng
Format: Paperback
Number of pages: 254
ISBN-13: 9780791428887
Subjects: Macroeconomics; Political Science; Economic Conditions; Business / Economics / Finance; Business/Economics; Korea; POL; POL023000; Development - Economic Development; Economic policy; Korea (South)
Description: In The Korean Economy, Hyung-Koo Lee, formerly South Korea's Minister of Labor, chronicles South Korea's economic development from 1945-1994 and the public policies that have shaped that development. In the past, the South Korean government supported protectionist policies. Mr. Lee, arguing that these policies no longer serve the long-term interest of South Korea's economy, supports the allowance of greater private-sector initiatives, a fundamental paradigm shift in South Korea's economic policy.

He argues that if South Korea is to become a major economic power, the government should withdraw from the economic front line. He also provides a succinct analysis of the vast economic potential of a reunified Korea and discusses the pros and cons of two alternative scenarios for the South Korean economy.