Restructuring 'Korea Inc.': Financial Crisis, Corporate by Jang-Sup Shin,Ha-Joon Chang

By Jang-Sup Shin,Ha-Joon Chang

The 1997 South Korean monetary obstacle not just shook the rustic itself but additionally despatched surprise waves throughout the monetary global at huge. This amazing booklet seriously assesses the traditional knowledge surrounding the Korean challenge and the functionality of the IMF-sponsored reform programme.
Looking first on the strengths and weaknesses of 'Korea Inc.' compared to different East Asian international locations, the authors describe the demanding situations confronted by means of Korea within the Nineteen Nineties as a result acceleration of globalization. via arguing that the transition tried by means of Korea was once badly conceived and sick designed, Restructuring 'Korea Inc.' makes a speciality of company reform after the main issue that has resulted in the working up of massive 'transition costs'.
This snappy, informative and readable ebook has a large ancient assessment and with its feedback for structural swap for Korea. This ebook is a vital contribution not just to Asian experiences, but additionally to the examine of economic crises and the political economic system of monetary reform.

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