Economic Growth with Capital Controls : Focusing on the Experience of South Korea in the 1960s

スポンサーリンク

概要

• 論文の詳細を見る

• Strong capital controls in the 1960s in Korea are examined from the perspective of the political economy. Korea achieved miraculous growth based on capital controls, incorporated into a state-led financial system and national development strategy. The government did not only control foreign capital, but also made effort to attract it and effectively managed it in order to promote productive investment in priority. We focus on specific institutional features of the developmental state that helped controls to succeed and contribute to growth. The Korean state was autonomous from social interest groups and was capable with an effective bureaucracy, and established a specific government-business relation. Meanwhile, capital controls helped the working of the developmental state by assisting the government in supporting and disciplining the private sector and encouraging economic growth.

• 立命館大学の論文
• 2004-09-30

著者

• Lee Kang-kook

  Graduate School Of Economics Ritsumeikan University

関連論文

• Economic Growth with Capital Controls : Focusing on the Experience of South Korea in the 1960s

スポンサーリンク