Titlebook: Korean Economic Dynamism; Dilip K. Das Book 1992 Palgrave Macmillan, a division of Macmillan Publishers Limited 1992 Developing Economies.

流浪

Book 1992 industrialised economies. This book focuses on the underlying economic factors behind this unprecedented growth performance examining the failures as well as the undoubted successes of such development.

卵石

External Finances and Debt Management,ed support its conservative monetary and fiscal policies. The other benefits of such a strategy were keeping prices under reasonable control and containing the degree of instability in the real exchange rate. It also helped in maintaining a reasonable level of foreign exchange reserves.

cathartic

匯總

garrulous

The Phases of Growth and Their Characteristic Features, preceding chapter. In the mid-fifties the economy was still adjusting to partition and the dislocation caused by the Korean War. In 1955 the economic structure was essentially agricultural, with 47.5 per cent of the GDP originating in the primary sector, and 7.9 per cent in the manufacturing sector

Vertical

Outward-Oriented Industrialisation Strategy,enal economic growth and rapid industrialisation. Before the launch of this strategy Korea could not take advantage of gains from trade in the Heckscher-Ohlinian sense because of significant factor and product market distortions, and its comparative advantage in labour intensive manufactures remaine

debacle

The Conduct of the Macroeconomic Policy,. The other significant ones are those related to technology and the inflow of external financial resources. These policy variables are under the direct or indirect control of the government, and making changes in them affects one or more of the macroeconomic objectives. They directly influence the

暫時過來

crease

External Finances and Debt Management, were either to rely on external economic assistance, or to borrow from the international capital markets or obtain domestic credit from the central bank. Korea at first relied heavily on external assistance, and then financed its budget deficits primarily through external borrowing, which also help

Muscularis

A Paradigm for the Developing Economies,tional economy of that period. The Korean model — or for that matter the ANIE model — is a specific model not a general development model. It concerns a specific kind of economic growth that takes place at a particular stage in the economic development of a country. The Korean model was born in resp