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Lessons from (S) Korea

Author

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  • Irma Adelman

    (University of California at Berkeley)

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.

Suggested Citation

  • Irma Adelman, 1999. "Lessons from (S) Korea," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 2(2), pages 57-72, November.
    • Handle: RePEc:zag:zirebs:v:2:y:1999:i:2:p:57-72
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    Cited by:

    1. Sta. Romana, Leonardo L., 2014. "Some Lessons from Korea's Industrialization Strategy and Experience," MPRA Paper 58250, University Library of Munich, Germany.

    More about this item

    Keywords

    government led development; export oriented industrialisation; asset confiscation; labour absorption; wastage allowance;
    All these keywords.

    JEL classification:

    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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