Korea in the 21st century / Yang Taek Lim.

Format:

Book

Author/Creator:

Im, Yang-t'aek.

Language:

English

Subjects (All):

Korea--Economic conditions--1945-.

Korea.

Economic conditions.

Korea--Economic policy.

Economic policy.

Korea--Politics and government.

Politics and government.

Physical Description:

xv, 357 pages : illustrations ; 28 cm

Other Title:

Korea in the twenty-first century

Place of Publication:

Huntington, N.Y. : Nova Science Publishers, [2000]

Summary:

Korea now stands at an important crossroads for national development and prosperity in the era of globalization. It is quite natural to raise the following questions: What trends will be evident in the global economic order of the 21st century? Will the U.S. be able to maintain its economic dominance of the global economy? What will be the future choice of Japan in the on-going global trends? Will the main international political and economic partner of Japan be the US or will it be China? Or will Japan opt for a more independent path? What will be the role of Japan in the 21st Century?

The economic center of the world is moving from the Atlantic to the Pacific, from Europe and the US to Asia. Russia has already pronounced itself to be an "Eurasia" and US has declared Asia to be a region after attempting to break away from it.

The main purpose of this book is to propose some strategies for Korea's survival and prosperity in the 21st century and draw possible lessons for the other developing countries, derived from the past economic development strategy and various reforms to solve the recent economic crisis.

Contents:

Chapter I Overview on the Global Economic Order in the 21st Century 1

2. New Round in the Era of WTO 2

3. The Current Status of Major Players 4

Chapter II A Historical Perspective on the Korean Economic Development 13

1. Liberation to Civil War: 1945-1950 14

2. Rebuilding & Import Substitution Strategy: 1953-1961 14

3. Development Strategy for Export Promotion: 1962-1971 15

4. Emphasizing More Balanced Growth: 1972-1979 17

5. Stabilization-Cum-Selective Liberalization: 1980-1989 19

6. 1990s Till the Eve of the Korea's Financial Crisis in November 1997 22

7. Lessons from the Korean Experience 24

Chapter III The Development of the Korean Economy 27

1. Source of Growth 27

2. Development Strategies 30

4. A New Role for the Government 35

5. Patterns of Trade and Industrial Policy 37

Chapter IV Weakening Competitiveness, Liberalization and Downturn of the Korean Economy 45

1. Weakening Korea's International Competitiveness 45

2. Determinants of International Competitiveness 51

3. Markets Opening and Liberalization under the WTO System 59

4. Downturn of Korean Economy in 1997 61

Chapter V The Korean Financial Crisis: Its Causes, Progress and Prospects 67

1. Causes of the Korean Financial Crisis 67

2. Negotiations of the Stand-by Credit Arrangement with the IMF 70

3. The IMF Bail-out - One Year Later 77

4. Korea's Repayment of International Borrowings and Prospects on Economic Recovery 78

5. Prospects for the Korean Economy 81

Chapter VI Economic Reform and Restructuring for Overcoming the Crisis 85

1. Financial System Reform 85

2. Monetary Policy to Soothe Market Instability 93

3. Foreign Exchange Policy & Liberalization 100

4. The Directions of Corporate Sector Reforms 104

5. Chaebols' Streamling, A Core Issue of Corporate Sector Reforms 109

Chapter VII Evaluation of Economic Restructuring and Policy Recommendations 115

1. Evaluation of Economic Restructuring 115

2. Policy Measures for Acceleration of Reforms and Restructuring 119

3. Policy Recommendations for Revitalizing the Economy 128

Chapter VIII A New Economic Development Strategy for Korea in the 21st Century 137

1. Structural Problems of the Korean Economy 137

2. A New Strategy for Economic Development 139

3. A New Industrial Policy 145

4. Complementary Relationship between Big Assembly Enterprises and Parts Manufacturing SMEs 152

5. Toward a Highly-Efficient Business Organization and Performance-based Management 154

6. A Flexible Labor Market 155

7. Liberalization and Deregulation 157

Chapter IX Technological Structure of Korean Manufacturing Sector 159

1. Macroeconomic Effects of Technological Change 159

2. Estimates of Schumpeterian Hypotheses 164

3. Estimates of the Speed of Technology Diffusion and Its Determinants 170

4. Technology Gap between Korea and Japan 175

5. C. Policy Implications 185

Chapter X Technology Transfer and the Role of FDIs for Korea 187

1. Types and Channels of Technology Transfer 187

2. Shifting Government Policy Toward Introduction of Foreign Technology 187

3. Trends in Technology Introduction 191

4. The Role of FDIs in Technology Transfer to Korea 192

Chapter XI Industrial and Technological Collaboration 199

1. Growing Demand for Strategic Collaborations 199

2. International Industrial Collaborations 201

3. Trends of Strategic Alliance by Korean Firms 203

4. Korea-US Industrial Cooperation 204

5. Korea-Japan Industrial Cooperation 206

6. Korea-China Industrial Cooperation 211

7. Korea-Russia Industrial Cooperation 213

Chapter XII South Korean Government's Policy on North Korea 215

1. Kim Dae-jung Administration 215

2. The LWR Provision to North Korea 218

3. The Four-Party Talks 222

Chapter XIII A New Proposal for Korea's Reunification 233

1. Three-Stage Unification Formula for Korea's Unification 234

2. A New Model for Korea's Reunification 237

3. Economic Integration 243

4. Social Integration 251

5. Military Integration 255

Chapter XIV Proposal of a Northeast Asia Peace City for Securing Peace in Korean Peninsula 261

1. Current Status of Security in Northeast Asia 261

2. The US-Japan Defense Cooperation Treaty 263

3. The Significance of a Collective Security System in Northeast Asia 268

4. Proposal for a 'Northeast Asia Peace City' and Its Development Plan 270

Chapter XV Globalization and Regionalization in Asia 279

1. Globalization in Asia 279

2. Tariffs Liberalization 281

3. The Prospects for APEC 286

4. The Features of Northeast Asia 292

5. Necessity for Regional Economic Cooperation and Future Development Directions 296

6. Tumen River Area Development Plan 297

Chapter XVI Multilateral Cooperation in Asia 311

1. Environmental Cooperation 311

2. Energy Cooperation 318

3. Cooperation on Agricultural and Marine Products 329

Chapter XVII Conclusion: Korea's Current 'Five Crises' and Vision in the 21st Century 333

The Perish of the Korean Empire in August 1910 333

Korea's 'Five Crises' in the late 1990s 334

Korea's Vision in the 21st Century 337

Role of Korea in the Asia-Pacific Age 342.

Notes:

Includes bibliographical references (pages [345]-347) and index.

ISBN:

1560727314

OCLC:

42027544