The failure of Korea Inc.
Prior to 1997 Korea was one of the world's great economic success stories. Between 1962-90, the economy grew at an average annual rate of 9 per cent. Even before the 1997 crisis, Korea's macroeconomic performance looked impressive, with the economy averaging annual growth of 7.7 per cent between 1990-96. This stellar growth performance was characterised by a remarkable degree of macroeconomic stability, the pursuance of an outward-looking development strategy based on the expansion of...[Show more]
|Collections||ANU Research Publications|
|Source:||Agenda: A Journal of Policy Analysis and Reform|
|Smith_Failure1999.pdf||567.91 kB||Adobe PDF|
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