Overview
"What were the causes of the 1997 economic crisis? How successful was the government/IMF economic reform and restructuring program? By offering one of the first academic evaluations of a major episode in Korea's history, Emery provides a rigorous, unbiased and detailed analysis of Korea's financial and economic reforms from the early 1970s to November 2000." Describing the underlying problems that affect the economy, both financial and corporate, Emery also provides realistic and insightful recommendations on how to correct those problems, making this book required reading for all academics with an interest in Korean economic development.Synopsis
A veteran East Asia specialist at the US Federal Reserve System, Emery explains and analyzes Korea's current economic problems, especially those in the financial sector, and suggests how these problems might be corrected or resolved. He details efforts made since the November 1997 crisis to overcome the country's economic problems, both the successful and unsuccessful ones, drawing from personal interviews with officials and specialists during a recent trip to Seoul as well as the published literature.
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Robert Solomon
Robert Emery's book provides a thorough - and the best available - review and analysis of the progress and problems of the Korean economy.