Contents

(2012) Modularization of Korea's development experience : Korea's stabilization policies in the 1980s

2012 경제발전경험모듈화사업 : 1980년대 한국의 안정화 정책

Cho, Dong Chul / Kang, Younguck(Author)

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Issue Date
2013
Publisher
KDI School of Public Policy and Management
Keywords
Economic Policy; Public investments
Contents
Summary


Chapter 1 Introduction


Chapter 2 Political and Economic Environment in the 1970s

1. External Environment

2. Domestic Political Environment

3. Industrial Policy to Promote Heavy and Chemical Industries (HCI)

4. Financial Repression to Support the HCI Drive

5. Soft Budget Constraint of the Government

6. Monetary Expansion and the Surge of Inflation

7. Deterioration of the Balance of Payments


Chapter 3 Paradigm Shift towards Stabilization

1. New Ideas Challenging the Government-Led Development Policy

2. Stabilization Policies under President Park: Passive Implementation

3. Stabilization Policies under President Chun: A Full Drive


Chapter 4 Contents of the Comprehensive Economic Stabilization Policy (CESP)

1. Three Principles of the CESP

2. Stabilization to Control Inflation and Economic Growth

3. Strengthening Market Principles and Mechanisms

4. Open Economy to Promote Competition and Consumption Opportunities


Chapter 5 Macroeconomic Performances in the 1980s

1. Inflation Stabilization and Macroeconomic Policy

2. Factor Price Stabilization and Income Policy

3. Stabilization of the Balance of Payments

4. Revival of Growth

5. Structural Changes toward Market-Oriented Economy


Chapter 6 Conclusion and Lessons

1. Policy-Makers’ Understanding about Macroeconomic Policy

2. Institutions that Can Protect Sound Macroeconomic Policy

3. Communications with the Public
Pages
99 p.
Series Title
(KSP) Modularization of Korea's Development Experience ; v.2013-1
ISBN
9791155450338
Language
eng
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