An examination of the major issues arising from the Korean financial crisis of 1997. It considers the strong prospects for rapid economic recovery and the emerging changes in Korea's international economic relations and business environment. The authors investigate the causes of the financial crisis and provide an evaluation of remedial measures and reforms currently being introduced in both private and public sectors of the Korean economy. The book identifies a paradigm shift in Korean economic policy and discusses Korea's new role in both the regional and global economy. It also examines the major developments reshaping Korea's international business environment through fundamental policy shifts in trade, foreign direct investment, labour relations, management practices and the emerging trends in e-commerce.
Part 1 Korea's new role in the regional and global economy: Korea's new role in the regional and global economy post-crisis, Wan-Soon Kim; Korea and Asia Pacific regionalism in the post-Cold War context, Myungsoon Shin and Hahnkyu Park. Part 2 Macroeconomic policy and prospects: the Korean economy in the new millennium -reform or revival? Dong Se Cha; economic crisis in Korea - towards a new economic paradigm, Hyuk-Rae Kim. Part 3 Financial crisis and structural reforms: the Korean financial crisis - evaluation and lessons, Sung Hee Jwa and Insill Yi; Korean financial crisis and fiscal policy, Kwang Choi; the Korean corporate sector - crisis and reform, Sung Wook Joh. Part 4 Industrial policy and productivity in Korea: financial crisis and industrial policy in Korea, Yongseung Jung and Young Sae Lee; manufacturing sector output and productivity in Korea - an Australian perspective, 1975 to 1997, William Shepherd, Boon Lait Lee and D.S. Prasada Rao; Korean agriculture into the new millennium, Jung-Il Kang and Song-Soo Lim. Part 5 Labour market and labour relations: Korea's industrial relations in transition, Sookon Kim; Australia's labour relations - lessons for the Republic of Korea? Gwynneth Singleton. Part 6 Changes in the international business environment: Korea's international business environment before and after the financial crisis, O. Yul Kwon; the liberalization of foreign direct investment policy in Korea, Bernie Bishop; e-commerce in Korea - a supplementary road to economic recovery, Doo-Hee Lee.
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- ID: 9781840642667
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