Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/58325
Title: Financial reforms in Korea : a critical analysis
Authors: Ho, Su Fen
Lim, Wee Seng
Tan, Mui Khim
Keywords: DRNTU::Business
Issue Date: 1995
Abstract: The Korean government which came into power in the early 1960s recognized the need for the underdeveloped Korean economy to undergo rehabilitation as they foresaw the importance of economic strength in the post-World War II era. This began a series of economic development plans in the 1960s and 1970s which emphasized a growth-first, export-oriented strategy. Allocation of financial resources was actively managed by the government, which channelled low-cost funds to strategic industrial sectors. Despite the McKinnon-Shaw model which postulates that government intervention in the allocation of financial resources would result in a severely-impaired economy, this was not the case in Korea. Highly dependent on external debt to finance its rapidly growing investment opportunities, the Korean economy boomed in the 1960s to the early 1970s.
URI: http://hdl.handle.net/10356/58325
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)

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