ABSTRACT
Over the past three decades, South Korea has moved along a path of strong economic growth and political democratization, attracting worldwide attention and providing valuable lessons for other developing economies. Yet Korea still must grapple with many intractable problems fueled by its rapid industrialization and uneven growth, including unbalanced distribution of wealth, concentrated economic power, and adversarial relationships between management and labor. Within the context of these sweeping changes, this volume explores options for economic and social institutional reform in Korea. Drawing on models of economic development from Japan, the United States, and Europe, a distinguished group of Asian and Western scholars relates the experiences of previously industrialized economies to each facet of Koreas economic system, including national management; taxation and banking; land ownership and use; trade and industrial strategy; and relations among business ownership, management, and labor. In so doing, the contributors provide valuable insights and fresh proposals for a viable model of social and economic modernization. Throughout the volume, the contributors emphasize the importance of Koreas cultural heritage-not only in explaining the nations recent growth but also as a key element of its continued success. By providing an overview of the evolution and interaction of Korean economic, political, and sociocultural institutions, the contributors make clear how these structures mediate the movement between cultural values and economic progress.
TABLE OF CONTENTS
part I|41 pages
Culture, Institutions, and Development
part II|140 pages
The System of National Economic Management
part III|88 pages
The Tax System
part IV|88 pages
The Financial System
part V|107 pages
The System of Land Ownership and Use
part VI|61 pages
The Relationship Between Business Ownership and Management
part III|91 pages
Trade and Industrial Strategy
chapter Chapter 19|39 pages
Korean Industrial Policy: Legacies of the Past and Directions for the Future
part VIII|77 pages
The Relationship Between Labor and Management
chapter Chapter 21|35 pages
Industrial Relations and Human Resource Policy in Korea: Options for Continued Reform
part IX|17 pages
Conclusions