Emerging Economics: Concepts, Institutions, and Development

Author: Wang Defu
Publisher:
Publish Date: 2006-01-01
Features: The content of this book is mainly composed of an introduction, three chapters, and a conclusion. Chapter 1 explores the foundation of South Korea's economic development, including the characteristics of its political and economic systems, as well as a series of major institutional reforms to adapt to economic growth, which has enabled the government to play a leading role. Chapter 2 focuses on the economic system characteristics during South Korea's industrialization process. Although it is government-led, it is dominated by large conglomerates, emphasizing the cultivation of the growth of large conglomerates and the national bourgeoisie, with the core aim of fostering and enhancing the international competitiveness of large conglomerates and national capitalists, thereby laying a solid foundation for South Korea's economic takeoff. Chapter 3 discusses the role of foreign capital, particularly foreign borrowed capital, in South Korea's economic development, as well as important experiences in utilizing external capital and the insights they provide.