Visible Success and Invisible Failure in Post-Crisis Reform in the Republic of Korea : Interplay of the Global Standards, Agents, and Local Specificity

Visible Success and Invisible Failure in Post-Crisis Reform in the Republic of Korea : Interplay of the Global Standards, Agents, and Local Specificity

The reform package in post-crisis Korea was one of the most comprehensively designed and decisively implemented. Though impressed by the quick recovery, many are now raising doubts about real changes in the economy, as the result of a cost-benefits analysis: While the business climate is more stable...

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Bibliographic Details
Main Authors: Lee, Keun, Kim, Byung-Kook, Lee, Chung H., Yee, Jaeyeol
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ASSASSINATION
AUTONOMY
BANKING REFORM
BANKING SECTOR
BONDS
BUDGET DEFICITS
BUREAUCRACY
CAPITAL MARKETS
COMMERCIAL BANK LOANS
COMMERCIAL BANKS
COMMERCIAL BORROWING
COMPARATIVE ADVANTAGE
CONSENSUS
CORPORATE GOVERNANCE
DEBT
DEMOCRACY
DEMOCRATIC INSTITUTIONS
DEMOCRATIC VALUES
DEMOCRATIZATION
DEPOSITS
DEREGULATION
DEVELOPED COUNTRIES
DEVELOPMENT STRATEGY
DIVISION OF LABOR
ECONOMIC COMPETITIVENESS
ECONOMIC COOPERATION
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC POWER
ECONOMIC PROBLEMS
ECONOMIC REFORM
ECONOMIC STRUCTURE
ECONOMIC THEORIES
ECONOMISTS
EQUILIBRIUM
EXCHANGE RATE
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FINANCIAL INTERESTS
FINANCIAL MARKETS
FINANCIAL REFORM
FINANCIAL SECTOR
FINANCIAL SYSTEM
FISCAL
FOREIGN BORROWING
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTMENT
FORMAL INSTITUTIONS
FREE MARKET ECONOMY
GOVERNMENT INTERVENTION
GOVERNMENT POLICY
GROWTH POTENTIAL
INDUSTRIALIZATION
INFLATION
INSOLVENCY
INSTITUTIONAL ARRANGEMENTS
INSTITUTIONAL REFORM
INSURANCE
INTEREST RATES
INTERNATIONAL STANDARDS
LABOR MARKET
LABOR MARKET FLEXIBILITY
LABOR MARKETS
LABOR POLICY
LABOR UNIONS
LAWS
LDCS
LEGITIMACY
MACROECONOMIC POLICIES
MACROECONOMIC POLICY
MACROECONOMIC STABILITY
MAJORITY RULE
MARKET LIBERALIZATION
MATURITIES
MEDIA
MERCHANT BANKS
MONETARY POLICY
NEOCLASSICAL ECONOMICS
NONBANK FINANCIAL INSTITUTIONS
NONPERFORMING LOANS
OIL
POLICY INSTRUMENTS
POLITICAL ECONOMY
POLITICAL ELITE
POLITICAL POWER
POSITIVE EFFECTS
PRESIDENCY
PRIVATIZATION
PRODUCERS
PRODUCTIVITY
PROFITABILITY
PROPERTY RIGHTS
PUBLIC EXPENDITURE
PUBLIC SECTOR
REAL SECTOR
RESOURCE ALLOCATION
SAFETY NETS
SOCIAL SAFETY
SOCIAL SAFETY NETS
STATE BANKS
STATE INTERVENTION
SUSTAINABLE GROWTH
TAX REFORM
TRADE LIBERALIZATION
TRADE UNIONS
TRANSITION ECONOMIES
TRANSPARENCY
UNEMPLOYMENT
WAGES
WAR
WATERSHED
Online Access:http://documents.worldbank.org/curated/en/2005/06/5866621/visible-success-invisible-failure-post-crisis-reform-republic-korea-interplay-global-standards-agents-local-specificity
http://hdl.handle.net/10986/8186

Internet

http://documents.worldbank.org/curated/en/2005/06/5866621/visible-success-invisible-failure-post-crisis-reform-republic-korea-interplay-global-standards-agents-local-specificity
http://hdl.handle.net/10986/8186

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