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Introduction

  • Sung-Hee JwaEmail author
Chapter

Abstract

This chapter suggests that both the pro-market and the pro-government views are flawed especially when it comes to understanding and explaining Korea’s economy, its challenges, achievements and woes. Despite the recent renewed interest in the economic policies of Park Chung Hee, a consistent understanding of the mechanisms of Korea’s economic development is largely absent in the literature. The book essentially fills this gap by interpreting the Korean economy by the author’s General Theory of Economic Development (GTED).

Keywords

Korean economic development Park Chung Hee Pro-market view Pro-government view 

References

  1. Jwa, Sung-Hee. 2017. A General Theory of Economic Development: Towards A Capitalist Manifesto. Cheltenham: Edward Elgar.Google Scholar
  2. Rodrik, Dani. 2011. “Perspectives on the New Industrial Policy” a PPT Presentation at the International Conference on Rethinking Industrial Policy in the Era of Global Socio-Economic Restructuring, Organized by Korea Institute for Industrial Economics and Trade, in Seoul, December.Google Scholar
  3. Sakong, Il, and Youngsun Koh (eds.). 2010. The Korean Economy: Six Decades of Growth and Development, The Committee for the 60-years History of Korean Economy. Seoul: Korea Development Institute.Google Scholar
  4. World Bank. 1993. The East Asian Miracle: Economic Growth and Public Policy. New York: Oxford University Press.Google Scholar

Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.Park Chung Hee Memorial FoundationSeoulKorea (Republic of)

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