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The End of the South Korean Miracle

In: Global Markets and Financial Crises in Asia

Author

Listed:
  • Haider A. Khan

    (University of Denver)

Abstract

Over a two-month period from October 1997 to December 1997 South Korea was reduced from being the eleventh largest economy in the world to one that had to go cap in hand to the international financial institutions in order to survive. This sudden shift took even the IMF by surprise. As late as October 1997 the IMF mission visiting Seoul had given South Korea a clean bill of economic and financial health. So what went wrong?

Suggested Citation

  • Haider A. Khan, 2004. "The End of the South Korean Miracle," Palgrave Macmillan Books, in: Global Markets and Financial Crises in Asia, chapter 4, pages 60-75, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-00079-7_4
    DOI: 10.1057/9780230000797_4
    as

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