Abstract
As the world economy is integrated and capital flows are liberalized, national economies, especially those dependent on international trade and finance, are increasingly vulnerable to financial crisis, and every government looks to other countries for best practices in crisis management and prevention. The need for national examples is particularly acute in the aftermath of the 2008 financial crisis as every country has been negatively affected by the crisis and struggles to find its way to recovery.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
Louise Lucas, Jung-a Song, and Raphael Minder, “Sinking feeling,” Financial Times (October 14, 2008), http://www.ft.com/intl/cms/s/0/25c78ff4-9989-11dd-9d48-000077b07658.html#axzz28KqUsNmg.
S. Claessens, G. Dell’Ariccia, D. Igan, and L. Laeven, “Cross-Country Experiences and Policy Implications from the Global Financial Crisis,” Economic Policy 25 (2010): 267–297.
Moody’s, “Moody’s Upgrades Korea to Aa3; Outlook Stable,” Moody’s (August 27, 2012), http://www.moodys.com/research/Moodys-upgrades-Korea-to-Aa3-outlook-stable-PR_253877.
Martin Fackler, “Lessons Learned, South Korea Makes Quick Economic Recovery,” New York Times (January 6, 2011), http://www.nytimes.com/2011/01/07/world/asia/07seoul.html?_r=0.
Naoko Nemoto, “ How Should the U.S. Respond to the Financial Crisis: Lessons from Japan,” Standard & Poor’s (2009), http://www.law.harvard.edu/programs/about/pifs/symposia/japan/2009-japan/briefing-book/nemoto.pdf.
IMF, “Fiscal Monitor: Taking Stock, A Progress Report on Fiscal Adjustment,” IMF (October 2012), http://www.imf.org/external/pubs/ft/fm/2012/02/pdf/fm1202.pdf.
Associated Press, “World leaders weigh stimulus vs. austerity at G-20,” June 20 2012.
IMF, “Recovery from the Asian Crisis and the Role of the IMF,” IMF (June 2000): http://www.imf.org/external/np/exr/ib/2000/062300.htm
GLCC (Global Leadership Compilation Committee), Korean Global Leadership (Seoul: Kyobo, 2012).
Meredith Woo-Cumings, ed., The Developmental State (Ithaca, NY: Cornell University Press, 1999).
Clyde Prestowitz, “Korea as Number One,” Foreign Policy (June 7, 2012), http://prestowitz.foreignpolicy.com/posts/2012/06/07/korea_as_number_one.
Korea Times, “Obama Lauds Korea’s Education of Children,” Korea Times (March 11, 2009), http://www.koreatimes.co.kr/www/news/nation/2011/04/113_41066.html.
Copyright information
© 2013 G. John Ikenberry and Jongryn Mo
About this chapter
Cite this chapter
Ikenberry, G.J., Mo, J. (2013). Tiding over the Global Financial Crisis: The Korean Experience. In: The Rise of Korean Leadership. Asia Today. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137351128_4
Download citation
DOI: https://doi.org/10.1057/9781137351128_4
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-46868-3
Online ISBN: 978-1-137-35112-8
eBook Packages: Palgrave Political & Intern. Studies CollectionPolitical Science and International Studies (R0)