LKL book database logo

From Miracle to Maturity: The Growth of the Korean Economy

Author: , ,
Publisher: , 2012.
Link to online store *

From the publisher’s website:

The economic growth of South Korea has been a remarkable success story. After the Korean War, the country was one of the poorest economies on the planet; by the twenty-first century, it had become a middle-income country, a member of the Organization of Economic Cooperation and Development (the club of advanced economies), and home to some of the world’s leading industrial corporations. And yet, many Koreans are less than satisfied with their country’s economic performance, given the continuing financial volatility and sluggish growth since the Korean economic crisis of 1997–1998.

From Miracle to Maturity offers a comprehensive qualitative and quantitative analysis of the growth of the Korean economy, starting with the aggregate sources of growth (growth of the labor force, the stock of capital, and productivity) and then delving deeper into the roles played by structural change, exports, foreign investment, and financial development. The authors provide a detailed examination of the question of whether the Korean economy is now underperforming and ask, if so, what can be done to solve the problem.

Barry Eichengreen is George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley.

Dwight H. Perkins is Harold Hitchings Burbank Professor of Political Economy, Emeritus, at Harvard University.

Kwanho Shin is Professor of Economics at Korea University.

Contents

  1. Introduction
  2. The Aggregate Sources of Growth
  3. The Changing Structure of Growth
  4. The Service Sector and Economic Growth
  5. Exports and Economic Growth
  6. Foreign Direct Investment and Economic Growth
  7. Crises and Growth
  8. Conclusion

Entry on Goodreads.com here.

* Where the book is available from a number of sources, they are prioritised as follows: (1) Amazon UK site, or Bookshop.org for the more recent uploads (2) Amazon US site (3) Other sites in US or Europe, including second-hand outlets (4) LTI Korea, where the title is advertised as available from there (5) Onlines stores in Korea. Links to Bookshop.org and Amazon UK site contain an affiliate code which, should you make a purchase, gives a small commission to LKL at no additional cost to you.