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Recurring Economic Crisis in Korea
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Authors: Jong Kyu Lee (The Bank of Korea) and Sanghack Lee (Kookmin University) 
Book Description:
There exists a large volume of literature on Korean success in economic development. However, Korea has experienced several economic crises in the development process. While the financial crisis in 1997 has received substantial amount of attention in the mass media and in the academic as well, Korea had not been immune to economic crisis prior to the 1997 financial crisis. This book reviews the experiences of economic crises and their resolutions in Korea since 1960s. The book examines each crisis and finds out that the factors that caused one previous crisis later brought about another crisis repeatedly. This indicates that the measures to resolve the previous crises were ultimately ineffective in the sense that the fundamental causes for the economic crisis had remained unresolved and, as a result, recurrence of the crisis has not been prevented.

Table of Contents:
Preface

Chapter I - Introduction

Chapter II - Korean Experience in Resolving Economic Crises
1. Four Economic Crises of Korea
2. The 1972 Economic Crisis
3. The 1980 Economic Crisis
4. The Post-1989 “Grave Situation”
5. The 1997 Economic Crisis

Chapter III - Appraisal of Policies for Resolving the Crises
1. The 1972 Crisis
2. The 1980 Crisis
3. The Post-1989 “Grave Situation”
4. Effectiveness of Crisis Resolutions in the Past

Chapter IV - Characteristics of the 1997 Economic Crisis
1. Main Characteristics of the 1997 Crisis
2. Comparison of the Structural Adjustment Policy with the Past Economic Crisis Resolutions
3. Implications for Structural Adjustment Policy

Chapter V - Tentative Conclusion

References
(In Korean)
(In English)
Index

   Binding: Flexback
   Pub. Date: 2008
   ISBN: 978-1-60456-188-3
   Status: AV
  
Status Code Description
AN Announcing
FM Formatting
PP Page Proofs
FP Final Production
EP Editorial Production
PR At Prepress
AP At Press
AV Available
  
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Recurring Economic Crisis in Korea