Financial reforms in Korea : a critical analysis
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 1970...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/58325 |
| _version_ | 1826114156005163008 |
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| author | Ho, Su Fen Lim, Wee Seng Tan, Mui Khim |
| author2 | Ng Beoy Kui |
| author_facet | Ng Beoy Kui Ho, Su Fen Lim, Wee Seng Tan, Mui Khim |
| author_sort | Ho, Su Fen |
| collection | NTU |
| description | 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. |
| first_indexed | 2024-10-01T03:34:31Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/58325 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T03:34:31Z |
| publishDate | 2014 |
| record_format | dspace |
| spelling | ntu-10356/583252023-05-19T05:41:37Z Financial reforms in Korea : a critical analysis Ho, Su Fen Lim, Wee Seng Tan, Mui Khim Ng Beoy Kui Nanyang Business School DRNTU::Business 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. BUSINESS 2014-04-08T01:20:29Z 2014-04-08T01:20:29Z 1995 1995 Final Year Project (FYP) http://hdl.handle.net/10356/58325 en Nanyang Technological University 122 p. application/pdf |
| spellingShingle | DRNTU::Business Ho, Su Fen Lim, Wee Seng Tan, Mui Khim Financial reforms in Korea : a critical analysis |
| title | Financial reforms in Korea : a critical analysis |
| title_full | Financial reforms in Korea : a critical analysis |
| title_fullStr | Financial reforms in Korea : a critical analysis |
| title_full_unstemmed | Financial reforms in Korea : a critical analysis |
| title_short | Financial reforms in Korea : a critical analysis |
| title_sort | financial reforms in korea a critical analysis |
| topic | DRNTU::Business |
| url | http://hdl.handle.net/10356/58325 |
| work_keys_str_mv | AT hosufen financialreformsinkoreaacriticalanalysis AT limweeseng financialreformsinkoreaacriticalanalysis AT tanmuikhim financialreformsinkoreaacriticalanalysis |