THE SOUTH KOREAN ECONOMY AFTER THE FINANCIAL CRISES IN 1997 AND 2008

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MOHEB NARJES

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ISSN: 2588-4824

Journal Paper

Paper Information

Journal: TREND (TREND OF ECONOMIC RESEARCH) Year:2014 | Volume:21 | Issue:65-66 Page(s): 223-241

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Title

THE SOUTH KOREAN ECONOMY AFTER THE FINANCIAL CRISES IN 1997 AND 2008

Author(s)

MOHEB NARJES | Issue Writer Certificate

Keywords

KOREA

FINANCIAL CRISIS

REFORMS

KNOWLEDGE ECONOMY

Abstract

KOREAs development in the last four decades of the 20th century was astonishing. The growth rate of GDP per capita was even the highest in the world during the period 1965 to 1990. After the World War II, KOREA was one of the poorest countries in the world, however, it gradually transformed into an advanced economy. In the late 1990s. KOREA was heavily affected by the Asian FINANCIAL CRISIS. The crisis revealed longstanding weakness in KOREAs development model. After this crisis, KOREA managed to implement broad structural REFORMS. The country started to build a KNOWLEDGE ECONOMY and we can claim that it has been successful. Nowadays, we often hear that a crisis represents an opportunity. KOREA is an example of a country that was truly able to utilize such an opportunity. Therefore, the KOREAn transition to the KNOWLEDGE ECONOMY that was initiated after the FINANCIAL CRISIS 1997- 1998 could be an inspiration for Central European countries.

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APA: Copy

MOHEB, NARJES. (2014). THE SOUTH KOREAN ECONOMY AFTER THE FINANCIAL CRISES IN 1997 AND 2008. TREND (TREND OF ECONOMIC RESEARCH), 21(65-66), 223-241. SID. https://sid.ir/paper/633724/en

Vancouver: Copy

MOHEB NARJES. THE SOUTH KOREAN ECONOMY AFTER THE FINANCIAL CRISES IN 1997 AND 2008. TREND (TREND OF ECONOMIC RESEARCH)[Internet]. 2014;21(65-66):223-241. Available from: https://sid.ir/paper/633724/en

IEEE: Copy

NARJES MOHEB, “THE SOUTH KOREAN ECONOMY AFTER THE FINANCIAL CRISES IN 1997 AND 2008,” TREND (TREND OF ECONOMIC RESEARCH), vol. 21, no. 65-66, pp. 223–241, 2014, [Online]. Available: https://sid.ir/paper/633724/en

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