[PDF] Reforming Koreas Industrial Conglomerates eBook

Author : Edward Montgomery Graham
Publisher : Peterson Institute for International Economics
Page : 228 pages
File Size : 28,67 MB
Release : 2003
Category : Business & Economics
ISBN :

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In 1998, the Korean economy experienced the deepest recession since the Korean War. Within a year a number of smaller industrial conglomerates had failed. In this study, Graham examines the causes of this situation, tracing them back to the aggressive industrial policy begun by president Park Chung-hee during the late 1960s. He also analyzes reforms undertaken since 1997, concluding that they have not been entirely successful.

Author : Stephan Haggard
Publisher : Cambridge University Press
Page : 374 pages
File Size : 50,15 MB
Release : 2003-02-26
Category : Business & Economics
ISBN : 9780521823630

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Asian business conglomerates have clearly been successful agents of growth, mobilizing capital, borrowing technology from abroad and spearheading Asia's exports. However, these firms have long had a number of organisational and financial weaknesses, including heavy reliance on debt, that make them vulnerable to shocks. Nowhere was this more true than in Korea, where the large corporate groups known as chaebol have dominated the economic landscape. This collection of essays by leading political scientists and economists provides a comprehensive look at the chaebol problem in the wake of the Asian financial crisis. The authors consider the historical evolution of the chaebol and their contribution to the onset of economic turmoil in 1997. The book analyses the government's short-run response to corporate and financial distress, and outlines an agenda for longer-term reform of the financial system, corporate governance and the politics of business-government relations.

Author : Sung-Hee Jwa
Publisher : Edward Elgar Publishing
Page : 310 pages
File Size : 44,31 MB
Release : 2004-01-01
Category : Business & Economics
ISBN : 9781782543237

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"This informative book will appeal to academics and researchers of industrial organization, economics and corporate reform as well as those involved in Asian studies."--BOOK JACKET.

Author : Edward Montgomery Graham
Publisher : Peterson Institute for International Economics
Page : 228 pages
File Size : 42,70 MB
Release : 2003
Category : Business & Economics
ISBN :

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In 1998, the Korean economy experienced the deepest recession since the Korean War. Within a year a number of smaller industrial conglomerates had failed. In this study, Graham examines the causes of this situation, tracing them back to the aggressive industrial policy begun by president Park Chung-hee during the late 1960s. He also analyzes reforms undertaken since 1997, concluding that they have not been entirely successful.

Author : Jang-Sup Shin
Publisher : Routledge
Page : 157 pages
File Size : 43,22 MB
Release : 2003-01-16
Category : Business & Economics
ISBN : 1134469381

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The 1997 South Korean financial crisis not only shook the country itself but also sent shock waves through the financial world at large. This impressive book critically assesses the conventional wisdom surrounding the Korean crisis and the performance of the IMF-sponsored reform programme.Looking first at the strengths and weaknesses of 'Korea Inc.

Author : Young-Chan Kim
Publisher : Elsevier
Page : 303 pages
File Size : 40,70 MB
Release : 2008-12-30
Category : Business & Economics
ISBN : 1780632517

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South Korea: Challenging globalisation and the post-crisis reforms examines the major economic issues flowing from the Korean financial crisis of 1997 and covers such issues as industrial relations, macroeconomic sectors, the role of administrations, and corporates’ globalisation process by over-expanded foreign direct investment. The chapters contained in this book are written by a wide variety of contributors, including a former government technocrat, president’s advisory board member, plus leading Korean economy specialists. Includes empirical surveys from the leading academics in Korea Exclusively research methodology on each topic First attempt to explain limited but historically important period economic policy

Author : Danny M. Leipziger
Publisher : World Bank Publications
Page : 56 pages
File Size : 47,71 MB
Release : 1993
Category : Business & Economics
ISBN : 9780821324141

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The World Bank is changing the way it does business in the energy sector. This Policy Paper is one of two that outlines the Bank's new policies for the sector. The review was prompted by concern about the effects of power generation on the environment and on populations that may be resettled to make way for projects. Another stimulus was the macroeceonomic reality of fewer investment resources in many countries. And many developing countries are becoming more receptive to reforming the way energy is produced and consumed. This paper credits the public monopoly approach of the last 30 years with facilitating expansion of power supplies, capturing technical economies of scale, and making effective use of scarce managerial and technical skills. Nonetheless, it recommends several new policies to improve the performance of the electric power sector in developing countries. These reforms will guide future Bank activities in the sector. Bank loans for electric power will go first to countries clearly committed to improving the performance of their power sectors. The Bank will also discourage subsidies on energy prices and will encourage private investment in utilities. And it will provide financing to help the least developed countries import power where local generation is not practical. The efficiency of production and use of electric power in developing countries is examined in a companion paper, Energy Efficiency and Conservation in the Developing World: The World Banks Role . The World Bank's Role in the Electric Power Sector is also available in Spanish: La funcion del Banco Mundial en el sector de la electricidad. Politicas para efectuar una reforma institucional, regulatoria, y financieria eficaz. (ISBN 0-8213-2451-9) / Stock No. 12451 / $7.95 / Price code 007 / Spanis

Author : Mr.Angel J. Ubide
Publisher : International Monetary Fund
Page : 67 pages
File Size : 20,62 MB
Release : 1999-03-01
Category : Business & Economics
ISBN : 1451844646

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After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.