The Tortuous Path of South Korean Economic Development

South Korea has transformed itself from a developing to a developed country by combining economic analysis with a historical perspective, overcoming previous failures and sustaining growth through macroeconomic management, structural transformation, and social conflict management. It offers a unique interpretation of important subjects and raises questions for the future.

Format: Hardback
Length: 380 pages
Publication date: 21 December 2023
Publisher: Cambridge University Press

This comprehensive book delves into the remarkable journey of South Korea's transformation from a developing to a developed nation, offering a unique and insightful perspective that sets it apart from previous studies. By seamlessly blending economic analysis with a historical lens, the book provides a comprehensive understanding of the country's development trajectory. It reveals that South Korea's path to success was not an easy one, marked by a series of challenges and setbacks.

The book begins by exploring the factors that hindered Korea's development after the Second World War, highlighting the country's initial failure to achieve the status of a developed nation. However, in the 1960s, South Korea embarked on a remarkable journey of rapid growth, propelled by a combination of factors such as government policies, technological advancements, and a strong work ethic.

Throughout its growth journey, South Korea faced numerous recurring crises that tested its resilience and adaptability. The book examines three critical conditions for sustaining growth: macroeconomic management, structural transformation, and social conflict management. It sheds light on how South Korea successfully navigated these challenges, implementing policies that promoted stability, innovation, and social harmony.

One of the book's key strengths is its ability to offer a fresh interpretation of important subjects related to South Korea's development. It challenges conventional narratives and provides a deeper understanding of the country's history, culture, and economic policies. The book also addresses some important topics that have been overlooked or under-explored in previous studies, filling in gaps in our knowledge of South Korea's journey.

In conclusion, this book is a valuable resource for anyone interested in understanding the complexities of South Korea's development. It offers a comprehensive and nuanced perspective that sheds light on the country's historical, economic, and social factors that have contributed to its transformation. By examining the challenges and successes of South Korea's development, the book provides valuable insights into the factors that can lead to sustainable growth and prosperity in other countries.

Weight: 903g
Dimension: 229 x 152 x 27 (mm)
ISBN-13: 9781009419321