Download or read book An Examination of the Relationship Between Economic Growth and Income Distribution in South Korea written by Gyu-Won Kim and published by . This book was released on 1984 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Income Inequality in Korea written by Chong-Bum An and published by BRILL. This book was released on 2020-05-11 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In the early 1990s, South Korea was showcased as a country that had combined extraordinary economic growth with a narrowing of income distribution, achieving remarkably low rates of unemployment and poverty. In the years following the financial crisis of 1997–1998, however, these rates ballooned to pre-crisis levels, giving rise to the perception that the gap between the rich and the poor in Korea had once again widened. Income Inequality in Korea explores the relationship between economic growth and social developments in Korea over the last three decades. Analyzing the forces behind the equalizing trends in the 1980s and early 1990s, and the deterioration evident in the post-crisis years, Chong-Bum An and Barry Bosworth investigate the macroeconomic conditions, gains in educational attainment, demographic changes and conditions in labor markets, and social welfare policies that have contributed to the evolution of income inequality over time. The authors also raise fundamental questions about whether the pre-crisis pattern of combining strong economic growth with improving equality can be restored, as well as how government policies might be designed to promote that objective. The book concludes with a discussion of some proposals for improving the efficacy of redistributive policies in Korea."
Download or read book Income Inequality in Korea written by Chong-Bum An and published by Harvard University Press. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Explores the relationship between economic growth and social developments in Korea over the last three decades. Analyzes the forces behind the trends in the narrowing of income distribution in the 1980s and early 1990s, and the deterioration evident in the post financial crisis years"--Provided by publisher.
Download or read book The Relationship Between Income Inequality and Economic Growth in OECD Countries Including South Korea written by Hyuntak Lee and published by . This book was released on 2008 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: To reduce income inequality, governments adopt various policies. One of most common policies to reduce income inequality is to increase government spending in social welfare. The idea is to redistribute resource from rich to poor people by government intervention. Another policy approach is to increase the size of the economic pie by boosting economic growth. It is based on the idea that a bigger economic pie can provide more resources to the poor, thus reducing income inequality. South Korea is the example of the second idea, as shown its history from 1960's to 1980's. This study shows that both approaches have merit in reducing income inequality.
Download or read book Economic Development Of Korea written by Kim Chuk Kyo and published by World Scientific. This book was released on 2019-03-06 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to provide a systematic and policy-focused analysis of Korea's development performance from a historical perspective. The book begins with post-war reconstruction efforts and extends to recent developments in the Korean economy. Through a comprehensive analysis of Korea's development performance over the last six decades, the book examines in detail how development strategies and policies evolved over time, what were their consequences and underlying factors, and what lessons can be drawn from the Korean experience. A wide range of issues are discussed, including the role of government, capital accumulation, growth and structural change, industrial development and concentration, economic liberalization, human resource and technology development, social development and income distribution. The important features of the Korean development model are highlighted to draw lessons from the Korean experience.
Download or read book Economic Development Patterns Inflations and Distributions written by Byung Ok Lim and published by Routledge. This book was released on 2018-10-29 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The focal point of this study, first published in 1991, is to investigate the effect of growth patterns on inflation and the distribution of income through inductive examination of the particular experiences in Korea and Taiwan. Both countries are regarded as models of successful industrialization, but contrast significantly in the matter of their development strategy yielding a more equitable distribution of income, along with a moderate inflation from the benefits of economic growth. Korea experienced considerable rates of inflation and a worsening of the distribution of income, while Taiwan avoided both economic evils. This book analyses how Taiwan’s economy managed to reconcile growth with inflation and distribution and why Korea could not achieve similar performance.
Download or read book Social disparities in South Korea written by Annika Mietzon and published by GRIN Verlag. This book was released on 2023-01-13 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2016 in the subject Politics - Region: South Asia, grade: 1,2, Ruhr-University of Bochum, language: English, abstract: Over the last six decades, the Republic of Korea experienced rapid economic and social development. Korea was able to ascend from the destruction of the Korean War and grow to the 15th largest economy in 2009 in Gross domestic products (GDP) terms. Especially, the introduction of heavy and chemical industries (HCI) in the beginning of the 1970s influenced economic growth and social development strongly. While the living standards during the 1950s were similar to the standards in the poorest countries today, today Korea is one of the leading industries worldwide. However, the mid-1990s were a turning point for inequality trends in Korea, caused by certain events like the Asian Financial Crisis (AFC) and the change of political power in 1997. This thesis analyzes and discusses the changes in inequality trends since the beginning of the 1990s until now. The focus lies on income inequality trends, the sources, and whether and to which extent it affects education inequality. First, the theoretical framework is defined and explained. This thesis concentrates on interpreting income inequality by using mainly the GINI coefficient and income deciles. The methodology of income measures are elaborately described. The following chapter focuses on the Great Gatsby curve and social mobility. For this thesis, vertical intergenerational mobility is a matter of special importance, therefore, the paper unfolds the relationship between education and intergenerational mobility. The third chapter, covers the main part of this thesis and starts with a general overview over the development in social structures since the 1980s. This section deals with the GDP growth rate trends, Korea’s decreasing fertility rates as well as labor market polarization and briefly identifies the reasons. Further consequences arising from e.g. a polarization of the labor market are addressed in the following chapter. It analyzes income inequality in general as well as in detail by focusing on GINI coefficients, decile ratios, and the trend of share of households. Furthermore, it explains the sources behind an increasing income inequality, especially, regarding wage trends. The last section describes education trends during the last couple of years by analyzing expenditure and participation rates for private tutoring. It also briefly analyzes the contribution of education to intergenerational mobility and tries to answer whether income inequality leads to disadvantages among students.
Download or read book From Miracle to Maturity written by Barry Eichengreen and published by BRILL. This book was released on 2020-05-11 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The economic growth of South Korea has been a remarkable success story. After the Korean War, the country was one of the poorest economies on the planet; by the twenty-first century, it had become a middle-income country, a member of the Organization of Economic Cooperation and Development (the club of advanced economies), and home to some of the world’s leading industrial corporations. And yet, many Koreans are less than satisfied with their country’s economic performance, given the continuing financial volatility and sluggish growth since the Korean economic crisis of 1997–1998.From Miracle to Maturity offers a comprehensive qualitative and quantitative analysis of the growth of the Korean economy, starting with the aggregate sources of growth (growth of the labor force, the stock of capital, and productivity) and then delving deeper into the roles played by structural change, exports, foreign investment, and financial development. The authors provide a detailed examination of the question of whether the Korean economy is now underperforming and ask, if so, what can be done to solve the problem."
Download or read book Social Trust and Economic Development written by O. Yul Kwon and published by Edward Elgar Publishing. This book was released on 2019 with total page 547 pages. Available in PDF, EPUB and Kindle. Book excerpt: In just one generation, South Korea has transformed from a recipient of foreign aid to a member of the G20. In this informative book, South Korea is used as a case by which to explore and illustrate specific issues arising from the complex relationships between the nation’s economic development and society. p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial}
Download or read book Developmental Transformation in South Korea written by Moon-Gi Suh and published by Praeger. This book was released on 1998-09-24 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Korea's path toward a higher quality of life has been a dynamic process, Suh shows, shaped by historical contingencies, some immutable logic of capitalist development, and a dialectical relationship between the state and Korean civil society. Debunking the illusion of democracy and myths of self-regulating capitalism in South Korea, Suh shows that a growth machine is not a panacea for the development of human beings and their quality of life. If instead the raison d'etre of quality of life depended upon a robust civil society operating under fair rules of the game by the state, the developmental road would be more promising. Suh seeks to test the hypothesis that the rising tide of economic growth will raise all boats in the Korean sea, remapping its structural pressure points which have been submerged at high tide. Given the high levels of economic growth generated by state intervention, any demand of distributive justice necessitates egailitarian reforms. As Suh shows, the present South Korean situation goes straight to the heart of theoretical questions about the enduring structures of capitalism, and its promise to improve average living standards and to link the redistribution of economic rewards to enhanced economic performance of the system as a whole. South Korea's path to quality of life has been a dynamic process, Suh shows, determined by historical contingencies, with some immutable logic of capitalist development, and a dialectical relationship between the state and Korean civil society. A study of particular interest to scholars, researchers, and policy makers concerned with political economy and social-economic development and East Asian Studies.
Download or read book The Relationship Between Income Distribution and Economic Development with Special Reference to Korea written by Sŭng-jin Kim and published by . This book was released on 1991 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis and Decomposition of Changing Labor Income Distribution in Korea written by Kyŏng-jun Yu and published by . This book was released on 1995 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Technology Energy and Development written by Haider Khan and published by Edward Elgar Publishing. This book was released on 1997 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking the economic transformation of South Korea as a case study, Khan (international economics, U. of Denver) explores the role of technology in economic development and argues that the choice of technology must be viewed in relation to employment, income distribution, human development, and the fulfillment of basic needs. He describes the transition from traditional to modern technology as a complex phenomenon with different costs and benefits for different socio-economic groups. Annotation copyrighted by Book News, Inc., Portland, OR
Download or read book Public Finances During the Korean Modernization Process written by Roy Bahl and published by BRILL. This book was released on 2020-03-17 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: This final volume in the series Studies in the Modernization of the Republic of Korea, 1945–1975, is an analysis of the contribution of tax and expenditure policy to Korea’s rapid economic development during the 1953–1975 period. Based upon specially compiled and comprehensive revenue and expenditure data, the authors first trace the history of Korean fiscal policy during the modernization period and then examine how Korea’s fiscal development has differed from that of other countries. The results of the analysis show that Korea did not follow the traditional path of a steadily increasing tax effort, reliance on direct taxes, and emphasis on income distribution. Instead, through improved tax administration and expenditure control, the savings rate was increased dramatically.
Download or read book Economic Development and Earnings Inequality in South Korea written by Jang Young Lee and published by . This book was released on 1992 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Growth and Change in Income Distribution written by Sang-mok Sŏ and published by . This book was released on 1985 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inequality Growth and Hot Money written by Pablo G. Bortz and published by Edward Elgar Publishing. This book was released on 2016-04-29 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growing levels of income inequality, an explosion of global financial flows, and a worldwide decline of economic growth have combined to challenge accepted economic wisdom. Utilizing a heterodox approach, Pablo G. Bortz provides a fresh look for understanding the interaction between these three factors while identifying challenges and possible alternatives for an expansionary and progressive economic policy. Reviewing several schools of thought, Inequality, Growth and ‘Hot’ Money explores the risks generated by capital flows and the limitations they impose on progressive economic policies. Professor Bortz then provides instruments and alternatives to pursue an expansionary and equalitarian program, including theoretical contributions to enrich heterodox and progressive economics. Standout features of this book include a review of the challenges that financial flows pose for developing countries; a redefinition of the role of capital controls; a policy approach that separates interest rate policies from a broader credit policy; and a rejection of the negative relationship between a more egalitarian income distribution and sustained economic expansion. Expanding the Kaleckian approach to include financial flows, this accessible introduction to heterodox growth models will be appreciated by graduate students and committed heterodox economists. Research departments at official institutions such as central banks may also be interested, specifically in the book’s models and policy prescription.
