Visible success and invisible failure in post-crisis reform in the Republic of Korea : interplay of the global standards, agents, and local specificity (English)

The reform package in post-crisis Korea was one of the most comprehensively designed and decisively implemented. Though impressed by the quick recovery, many are now raising doubts about real changes in the economy, as the result of a cost-benefits analysis: While the business climate is more stable and supportive, the economy is suffering from weak investment and rising unemployment. This study views the Korean story as one of "visible success and...

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Author

Byung-Kook Kim;

Chung H. Lee;

Jaeyeol Yee;

Keun Lee;
Document Date
2005/06/01
Document Type
Policy Research Working Paper
Report Number
WPS3651
Volume No
1
Total Volume(s)
1
Country
Korea, Republic of,
Region
East Asia and Pacific,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
Visible success and invisible failure in post-crisis reform in the Republic of Korea : interplay of the global standards, agents, and local specificity
Keywords
rights of minority shareholder

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Citation

Byung-Kook Kim; Chung H. Lee; Jaeyeol Yee; Keun Lee.

Visible success and invisible failure in post-crisis reform in the Republic of Korea : interplay of the global standards, agents, and local specificity (English). Policy, Research working paper ; no. WPS 3651 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/838541468048541422

Visible success and invisible failure in post-crisis reform in the Republic of Korea : interplay of the global standards, agents, and local specificity (English)

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