This book examines 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, labor relations, management practices and the emerging trends in e-commerce.
Korea's Economic Prospects will be of interest not only to academics and policy advisors but also to individuals and corporations attempting to capitalize on emerging business opportunities in Korea.
Edited by O. Yul Kwon, Beedie School of Business, Simon Fraser University, Canada and William Shepherd, Associate Dean, Curriculum, Teaching and Learning, Griffith Business School, Griffith University, Australia
Contents: Foreword Preface Introduction Part I: Korea's New Role in the Regional and Global Economy Part II: Macroeconomic Policy and Prospects Part III: Financial Crisis and Structural Reforms Part IV: Industrial Policy and Productivity in Korea Part V: Labor Market and Labor Relations Part VI: Changes in the International Business Environment Index