The current paper evaluates the restructuring measures implemented in the post-crisis Korean economy. Its policies taken after the economic crisis were quite successful in terms of economic recovery. The financial and corporate sector reforms undertaken by the Korean government contributed to strengthening the banking and corporate sectors, attracting FDI inflows. However, most indicators show worsening of income inequalities and workers. situation regarding job security. The strengths as well as the weaknesses of the development strategy of Korea and its reform measures undertaken since the occurrence of the economic crisis need to be differentiated.
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Paper provided by University of Connecticut, Department of Economics in its series Working papers with number
2003-46.
Length: 16 pages Date of creation: Nov 2003 Date of revision: Handle: RePEc:uct:uconnp:2003-46
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Find related papers by JEL classification: G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
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