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Az import liberalizálása Dél-Koreában
[Import liberation in South Korea]

Author

Listed:
  • Gács, János

Abstract

Indicators of economic development of South Korea reflect outstanding progress. In the past three decades different phases of development succeeded one after another. The essence of general Park Chong Chu’s strategy was export-directed industrialization and import substitution with high import duties and differentiated export subsidies. When the layer of private owners became strong, importing was made easier and a monetary reform was introduced. A hyperactive role of the government was allowed by unique institutions in Korea. From the beginning of the 1970-ies, a Central Project for Heavy Industry went on with increased import protection and state credits. In order to release tensions caused by an inflexible system of financing, the over-centralized system, already badly functioning with the stipulated rules, was made slightly more flexible, though still important limitations were kept in force. Liberalization seems to be more intense since only 1984.

Suggested Citation

  • Gács, János, 1992. "Az import liberalizálása Dél-Koreában [Import liberation in South Korea]," MPRA Paper 62179, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:62179
    as

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    References listed on IDEAS

    as
    1. Charles R. Frank Jr. & Kwang Suk Kim & Larry E. Westphal, 1975. "Foreign Trade Regimes and Economic Development: South Korea," NBER Books, National Bureau of Economic Research, Inc, number fran75-1.
    2. Bela Balassa, 1978. "Export incentives and export performance in developing countries: A comparative analysis," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 114(1), pages 24-61, March.
    3. Rudiger Dornbusch & Yung Chul Park, 1987. "Korean Growth Policy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 18(2), pages 389-454.
    4. Charles R. Frank Jr. & Kwang Suk Kim & Larry E. Westphal, 1975. "Appendices to "Foreign Trade Regimes and Economic Development: South Korea"," NBER Chapters, in: Foreign Trade Regimes and Economic Development: South Korea, pages 245-257, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    export subsidization and import substitution; waves of trade liberalization; hierarchical decision making system; planning; programme of heavy-industry development;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform

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