Title: Economic Development Patterns, Inflations, and Distributions: With Application to Korea (ROK) and Taiwan (ROC): 10 (Routledge Library Editions: Business and Economics in Asia)
Publisher: Routledge
Publication Date: 2020
Language: English
ISBN 10: 1138369640
ISBN 13: 9781138369641
Binding: Soft cover
Condition: New

About this title

Synopsis

The focal point of this study, first published in 1991, is to investigate the effect of growth patterns on inflation and the distribution of income through inductive examination of the particular experiences in Korea and Taiwan. Both countries are regarded as models of successful industrialization, but contrast significantly in the matter of their development strategy yielding a more equitable distribution of income, along with a moderate inflation from the benefits of economic growth. Korea experienced considerable rates of inflation and a worsening of the distribution of income, while Taiwan avoided both economic evils. This book analyses how Taiwan’s economy managed to reconcile growth with inflation and distribution and why Korea could not achieve similar performance.

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Byung Ok Lim

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