The Tortuous Path of South Korean Economic Development - Softcover

Lee, Jaymin

Softcover

ISBN 10: 1009419315 ISBN 13: 9781009419314

Publisher: Cambridge University Press, 2023

Synopsis

This book explains how South Korea has uniquely transformed itself from a developing to a developed country by combining economic analysis with historical perspective, an approach badly needed but rarely taken by previous studies. The book shows that the country has done so through a tortuous process. It first explains how Korea failed earlier in history to emerge as a developing rather than a developed country after the Second World War but South Korea began to grow rapidly in the 1960s. It then explains that the country has sustained growth while undergoing recurring crises, examining three conditions for sustaining growth: macroeconomic management, structural transformation, and social conflict management. While doing so, the book interprets some important subjects differently from the previous studies; it also explains some other important subjects they have not covered sufficiently. The book finally discusses questions for the future briefly.

About this title

About the Author

Jaymin Lee, PhD (Harvard), is Professor Emeritus of Economics at Yonsei University, Seoul, South Korea. He was Vice Chairman of the National Economic Advisory Council of the Republic of Korea (2019–21), president of the Korea Development Economics Association (2006–7) and president of the Korean Economic History Society (2001–3). Jaymin also served as Editor of the International Economic Journal for 2002–15. As an economist, he combines theoretical analysis with historical perspectives and policy insights to explain South Korea's economic development.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2023
• Language: English
• ISBN 10: 1009419315
• ISBN 13: 9781009419314
• Binding: Paperback
• Number of pages: 494