재벌의 IMF 당시 한국 경제에 대한 악영향

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목차

Introduction
Chaebols as the Achilles tendon of the Korean economy.
Viewpoint from macroeconomics on Korean economy.
Distrust toward Korean government among foreign investors
Conclusion

본문내용

Introduction

During the Korean War (1950-53) Korea peninsular had been completely devastated and lost most infrastructures and Korea, as a result, became one of the poorest countries in the world. Korea had all the bad characteristic of a typical country; small land with high population density, small domestic markets and no natural resources. However, despite the desperate internal conditions, Korean economy had become very successful with high GNP ratio around eight to ten per cent every year from 1970 to 1990 (Cha et al, 1997, 11). This remarkable economic success could be achieved by the government-led policies, which especially had been designed for supporting a small number of very large firms, conglomerates or chaebols in Korean (Kim, 2001, 6). Therefore, Korean chaebols had been prospered well with support of government and they could be attributable to the extraordinary economic growth before 1990. However, the Korean chaebols had been serious threats in Korean economy simultaneously. This essay will focus on how chaebols suddenly became a serious threat in the economy.

참고 자료

Cha, Dong-Se., Kwang Suk Kim, and Dwight H. Perkins. 1997. The Korean economy 1945-1995 : performance and vision for the 21st century. Seoul: Korea development institute.

Kim, Yong Soon. 2001. Structural weaknesses of the Korean Chaebol: Moral hazard and the Korean financial crisis. Canada: University of Northern British Columbia.

Tcha, MoonJoong., MinSoo Lee, and Chung-Sok Suh. 2003. The Korean economy at the crossroads. London: RoutledgeCurzo.