Journals Higher Education

$63.00

Hardcover

20 July 2007

480 Pages

6-1/8 x 9-1/4 inches

ISBN: 9780195325454


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Bookseller Code (06)

South Korea in the Fast Lane

Economic Development and Capital Formation

Young-Iob Chung

After having been a Japanese colony for more than 35 years until 1945, the miraculous economic development in the southern half of the Korean peninsula has transformed from basically an agrarian economy to that of a major industrial power, which is now considered one of a dozen or so of most industrialized countries in the world, during the 43-year period between 1953 and 1996. This book is a study of development of the South Korean economy from the time of the cessation of the Korean War to date. The findings reveal a number of significant, though perhaps not all unique, patterns and characteristics of capital formation and economic development of South Korea. The combination of circumstances, approaches, and experiences in the country was in many respects unique in comparison to many developing and developed countries, including many Asian countries, such as Japan and China.

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