Restructuring 'Korea Inc.': Financial Crisis, Corporate Reform, and Institutional Transition (Routledge Studies in the Growth Economies of Asia)
ISBN-13:
9780415278652
ISBN-10:
0415278651
Edition:
1
Author:
Ha-Joon Chang, Jang-Sup Shin
Publication date:
2003
Publisher:
Routledge
Format:
Hardcover
176 pages
Category:
Economics
,
Economics
,
International Business
,
Specific Topics
,
Politics & Government
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Book details
ISBN-13:
9780415278652
ISBN-10:
0415278651
Edition:
1
Author:
Ha-Joon Chang, Jang-Sup Shin
Publication date:
2003
Publisher:
Routledge
Format:
Hardcover
176 pages
Category:
Economics
,
Economics
,
International Business
,
Specific Topics
,
Politics & Government
Summary
Restructuring 'Korea Inc.': Financial Crisis, Corporate Reform, and Institutional Transition (Routledge Studies in the Growth Economies of Asia) (ISBN-13: 9780415278652 and ISBN-10: 0415278651), written by authors
Ha-Joon Chang, Jang-Sup Shin, was published by Routledge in 2003.
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Description
The 1997 South Korean financial crisis not only shook the country itself but also sent shock waves through the financial world at large. This impressive book critically assesses the conventional wisdom surrounding the Korean crisis and the performance of the IMF-sponsored reform programme.Looking first at the strengths and weaknesses of 'Korea Inc.' in comparison with other East Asian countries, the authors describe the challenges faced by Korea in the 1990s due to the acceleration of globalization. By arguing that the transition attempted by Korea was badly conceived and ill designed, Restructuring 'Korea Inc.' focuses on corporate reform after the crisis that has led to the running up of huge 'transition costs'.This snappy, informative and readable book has a broad historical overview and with its suggestions for structural change for Korea. This book is an important contribution not only to Asian studies, but also to the study of financial crises and the political economy of economic reform.
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