Korea’s Economic Development : Lessons and Suggestions for Developing Countries
1
조회
0
다운로드
3
인용
0
참고문헌
키워드
초록
This paper attempts to draw policy implications on the development strategy based on the Korean experiences in ‘60s and ‘70s. It is well-known that Korea switched her development strategy to the export oriented (and unbalanced) one from the import substitution, or "Autarkic" development strategy. It was also market-friendly. Under this strategy, all available resources were concentrated to the leading export industries in ‘60s and heavy and chemical industries in ‘70s. Some detailed strategies in the areas of monetary, fiscal, industrial, foreign exchange, and other sectors are identified and critically evaluated whether they could be adopted as the feasible development strategies for any developing countries. It is pointed out that these strategies for success could cause problems later, so that the switch of the policy stance at the right time is important. I would like to thank three anonymous referees for their valuable comments. All the remaining errors are mine.
Abstract
This paper attempts to draw policy implications on the development strategy based on the Korean experiences in ‘60s and ‘70s. It is well-known that Korea switched her development strategy to the export oriented (and unbalanced) one from the import substitution, or "Autarkic" development strategy. It was also market-friendly. Under this strategy, all available resources were concentrated to the leading export industries in ‘60s and heavy and chemical industries in ‘70s. Some detailed strategies in the areas of monetary, fiscal, industrial, foreign exchange, and other sectors are identified and critically evaluated whether they could be adopted as the feasible development strategies for any developing countries. It is pointed out that these strategies for success could cause problems later, so that the switch of the policy stance at the right time is important. I would like to thank three anonymous referees for their valuable comments. All the remaining errors are mine.
참고문헌 (15)
- Cho, Yoon Je, "Credit Policies andthe Industrialization of Korea, World Bank Discussion Paper286", ~ (1995)
- Irene Trela, "The Role of Tax Policy inKorea’s Economic Growth. in The Political Economy of TaxReform" (1992), The University of Chicago Press
- Jones, Leroy P., "Government, Business, andEntrepreneurship in Economic Development: The Korean Case" (1980), Cambridge: Harvard University
- Jones,Leroy P., "Jaebul and the Concentration of EconomicPower in Korean Development: Issues, Evidence andAlternatives, in Macroeconomic Policy and Industrial DevelopmentIssues" (1987), Korea Development Institute
- Jwa,Sung-Hee, "A New paradigm for Korea’s EconomicDevelopment; From Government Control to Market Economy.Palgrave", ~ (2001)
- Kim, Dohoon, "In Search of Uzbekistan’s Industralizationand Export Promotion Strategies, in Industrial Developmentand Export Promotion Policy for Uzbekistan" (2005), Ministry of Finance and Economy and KoreaDevelopment Institute
- Kim, Kwang-Suk, "Growth AndStructural Transformation in Korea: 1945~1975" (1979), Cambridge:Harvard University Press
- Krueger, Anne, "The Development Role of the Foreign Sectorand Aid in Korea: 1945~1975" (1992), Cambridge: Harvard UniversityPress
- Krugman, Paul R, "The Myth of Asia’s Miracle", ForeignAffairs, 73(6), pp.62~78 (1994)
- Kwack, Taewon, "Tax Incentives and EconomicDevelopment, Ch 11 of Fiscal Reform and Structural Changein Developing Countries vol. 2" (2000), JohnWhalley and Gary McMahon
- Yoo, Ilho, "Reform of the Korean Tax Incentive System AfterUruguay Round. 1995 KDI Policy Report", ~ (1995)
- Bank of Korea, "Economic Statistics Yearbook, Various Years", ~
- Fair Trade Commission, "White Paper on Fair Trade, Various Years", ~
- Ministry of Finance and Economy, "National Budget. VariousYears", ~
- Korea Development Institute, "Korean Economy in 50 yearsAfter Liberation", ~ (1996)