The economic growth of South Korea has been a remarkable success story. After the Korean War, the country was one of the poorest economies on the planet; by the twenty-first century, it had become a middle-income country, a member of the Organization of Economic Cooperation and Development (the club of advanced economies), and home to some of the world's leading industrial corporations. And yet, many Koreans are less than satisfied with their country's economic performance, given the continuing financial volatility and sluggish growth since the Korean economic crisis of 1997-1998.

From Miracle to Maturity offers a comprehensive qualitative and quantitative analysis of the growth of the Korean economy, starting with the aggregate sources of growth (growth of the labor force, the stock of capital, and productivity) and then delving deeper into the roles played by structural change, exports, foreign investment, and financial development. The authors provide a detailed examination of the question of whether the Korean economy is now underperforming and ask, if so, what can be done to solve the problem.

About the Author
Barry Eichengreen is George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley. Dwight H. Perkins is Harold Hitchings Burbank Professor of Political Economy, Emeritus, at Harvard University. Kwanho Shin is Professor of Economics at Korea University.

Awards
Nominated for James B. Palais Prize 2014 and John K. Fairbank Prize in East Asian History 2013.



Book Information
ISBN 9780674066755
Author Barry Eichengreen
Format Hardback
Page Count 382
Imprint Harvard University, Asia Center
Publisher Harvard University, Asia Center