Korea in the World Economy

Korea's stellar rise from a developing to a newly industrializing nation raises many questions. To what extent can the Korean economic success be attributed to the government's development strategies and policies? How relevant is the policy of "getting prices right"? What lessons can other nations draw from the Korean experience?The book looks ahead as well. Changing domestic and global settings demand that Korea adopt new strategies and that it examine what it means to be a pioneer developing country in a rapidly changing world economy. Dr. Il SaKong, former Korean Minister of Finance, attempts to shed light on these critical questions, using data on the Korean economy from the 1960s to the present.