Presents the results of a study sponsored jointly by the World Bank and the Korea Development Institute, and draws from meetings held in 1985 (in Korea) and 1986 (in Washington, D.C.). Korea's successful strategies to control inflation, wages, and interest and exchange rates while avoiding import controls and developing new markets for exports are important for countries beginning to integrate their economies into the world market. Annotation copyright Book News, Inc. Portland, Or.
"This volume, based on results of a research project jointly sponsored by the World Bank and the Korea Development Institute, is the first systematic and comprehensive investigation of South Korea's economic adjustment experiences in the 1980s... An important contribution to the understanding of Korea's economic transformation in the 1980s... Essential reading for students of the contemporary Korean economy... Also highly recommended to development economists, comparative political economists, and policymakers." -- Chung-In Moon, Journal of Asian Studies