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Restructuring Korea Inc.: Financial Crisis,Corporate Reform and Institutional Transition

Restructuring Korea Inc.: Financial Crisis,Corporate Reform and Institutional Transition

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  • ISBN:9780415278652
  • Editorial: Routledge
  • Fecha de la edición:
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  • Dimensiones: 0 cm x 0 cm
  • Nº Pág.:176
  • Idiomas:Ingles,Inglés

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The 1997 South Korean financial crisis not only shook the country itself but also sent shock waves through the financial world at large. This text critically assesses the conventional wisdom surrounding the Korean crisis and the performance of the IMF-sponsored reform programme. Looking first at the strengths and weaknesses of "Korea Inc" in comparison with other East Asian countries, the authors describe the challenges faced by Korea in the 1990s due to the acceleration of globalization. By arguing that the transition attempted by Korea was badly conceived and ill-designed, this text focuses on corporate reform after the crisis that has led to the running up of huge "transition costs". With a broad historical overview and suggestions for structural change for Korea, this book contributes not only to Asian studies but also to the study of financial crises and the political economy of economic reform

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