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Korea: Financial Crisis, Structural Reform and Social Consequences

In: The Social Impact of the Asia Crisis

Author

Listed:
  • Young Youn Lee
  • Hyun-Hoon Lee

Abstract

The year 1997 was a nightmare for Korea. For three decades before the Asian financial crisis, Korea had experienced very high growth rates and this had transformed it from one of the poorest countries in the world into the 29th member country of the OECD in December 1996. Less than a year after its admission to the OECD, however, Korea experienced a severe financial crisis.

Suggested Citation

  • Young Youn Lee & Hyun-Hoon Lee, 2000. "Korea: Financial Crisis, Structural Reform and Social Consequences," Palgrave Macmillan Books, in: Tran Hoa (ed.), The Social Impact of the Asia Crisis, chapter 5, pages 57-84, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-97801-6_5
    DOI: 10.1057/9780333978016_5
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    Cited by:

    1. Jiho Jang, 2003. "Economic Crisis and its Consequences," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 62(1), pages 51-70, April.
    2. Harvie, Charles & Lee, Hyun-Hoon, 2005. "Korea's Fading Economic Miracle 1990-97," Economics Working Papers wp05-09, School of Economics, University of Wollongong, NSW, Australia.

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