Number of results to display per page
Search Results
22. From “Cardinal Sin” to Policy Agenda? The Role of Capital Controls in Emerging Market Economies
- Author:
- June Park
- Publication Date:
- 04-2012
- Content Type:
- Journal Article
- Journal:
- Joint U.S.-Korea Academic Studies
- Institution:
- Korea Economic Institute of America (KEI)
- Abstract:
- Korea’s economic development since the 1980s has occurred in the context of capital controls and a strong governmental role in achieving sustained growth. The experiences of two financial crises—the Asian financial crisis (1997–98) and the global financial crisis (2008–09)—confirm the impression of a highly responsive state, although different pictures emerge as to how the Korean government sought to abolish or deploy capital controls in accordance with global consensus and intellectual trends in international political economy. Contrary to the policies of financial liberalization by the Korean government in the aftermath of the Asian financial crisis, the Korean government shifted to a policy direction favoring capital controls following the global financial crisis, as seen in recent Group of 20 proclamations. However, given the necessity of capital inflows for an outward-oriented economy such as Korea’s, which is heavily dependent on foreign capital inflows for investment, it is questionable to what extent Korea can effectively take advantage of capital controls, what the goals of such controls should be, whether there will be strong political backing for implementation of such policies, and what political risks the current government faces in implementing new capital controls. This paper seeks to provide answers to these questions by examining Korea’s initiatives for capital controls in light of its history and the surge of capital inflows to emerging market economies since the global financial crisis.
- Topic:
- Development, Economics, Markets, and Domestic Policy
- Political Geography:
- Asia and South Korea
23. Korea's Growth Performance: Past and Future
- Author:
- Marcus Noland
- Publication Date:
- 11-2011
- Content Type:
- Working Paper
- Institution:
- East-West Center
- Abstract:
- South Korea is arguably the premier development success story of the last half century. For 47 years starting in 1963, the economy averaged 7 percent real growth annually, and experienced only two years of economic contraction: 1980 after the second oil shock and the assassination of President Park Chung-hee, and 1998 at the nadir of the Asian financial crisis. At the start of that period South Korea had a per capita income lower than that of Mozambique or Bolivia; today it is richer than Spain or New Zealand, and was the first Asian and first non-G7 country to host a summit of the G20, the unofficial steering committee of the world economy.
- Topic:
- Demographics, Development, Economics, Industrial Policy, International Trade and Finance, and Political Economy
- Political Geography:
- Israel, Asia, South Korea, Spain, Mozambique, New Zealand, and Bolivia
24. Top of the Class
- Author:
- Richard C. Levin
- Publication Date:
- 05-2010
- Content Type:
- Journal Article
- Journal:
- Foreign Affairs
- Institution:
- Council on Foreign Relations
- Abstract:
- The rapid economic development of Asia since World War II -- starting with Japan, South Korea, and Taiwan, then extending to Hong Kong and Singapore, and finally taking hold powerfully in India and mainland China -- has forever altered the global balance of power. These countries recognize the importance of an educated work force to economic growth, and they understand that investing in research makes their economies more innovative and competitive. Beginning in the 1960s, Japan, South Korea, and Taiwan sought to provide their populations with greater access to postsecondary education, and they achieved impressive results. Today, China and India have an even more ambitious agenda. Both seek to expand their higher-education systems, and since the late 1990s, China has done so dramatically. They are also aspiring to create a limited number of world-class universities. In China, the nine universities that receive the most supplemental government funding recently self-identified as the C9 -- China's Ivy League. In India, the Ministry of Human Resource Development recently announced its intention to build 14 new comprehensive universities of "world-class" stature. Other Asian powers are eager not to be left behind: Singapore is planning a new public university of technology and design, in addition to a new American-style liberal arts college affiliated with the National University. Such initiatives suggest that governments in Asia understand that overhauling their higher-education systems is required to sustain economic growth in a postindustrial, knowledge-based global economy. They are making progress by investing in research, reforming traditional approaches to curricula and pedagogy, and beginning to attract outstanding faculty from abroad. Many challenges remain, but it is more likely than not that by midcentury the top Asian universities will stand among the best universities in the world.
- Topic:
- Development, Economics, and War
- Political Geography:
- Japan, China, Taiwan, and South Korea
25. The Making of a Seoul Development: Consensus The essential development agenda for the G20
- Author:
- Jasmine Burnley and Elizabeth Stuart
- Publication Date:
- 10-2010
- Content Type:
- Policy Brief
- Institution:
- Oxfam Publishing
- Abstract:
- When the G20 meets in Seoul in November 2010, it has a big choice to make. It can either retreat into a narrow focus on its own interests, or it can prove it is capable of genuine global leadership in the face of the interlinked economic, food, and climate change crises. The G20 must adopt a Seoul 'development consensus' that confronts the challenges of the 21st century: reducing inequality and tackling global poverty through sustainable, equitable growth that gives poor women and men, and their governments, the tools they need to overcome poverty.
- Topic:
- Development, Poverty, and Food
- Political Geography:
- Israel, Asia, and South Korea
26. South Korea-North Korea Relations
- Author:
- Aidan Foster-Carter
- Publication Date:
- 09-2010
- Content Type:
- Journal Article
- Journal:
- Comparative Connections
- Institution:
- Center for Strategic and International Studies
- Abstract:
- The past quarter in inter-Korean relations might be called the morning after the night before. Tensions over the sunken ROK corvette Cheonan by no means disappeared; the less so since North Korea still denied responsibility, while the South smarted at its failure to convince key powers – China and Russia above all – of Pyongyang‟s culpability. The Cheonan incident remains a crime and an obstacle. Yet hopeful signs are emerging that both sides realize they will have to get past this eventually and that they might as well start now. Among various small initiatives, including flood aid, the quarter ended on a hopeful note with an agreement to hold a fresh round of reunions of separated families in late October.
- Topic:
- International Relations, Development, and Government
- Political Geography:
- Russia, China, South Korea, and North Korea
27. North Korea-South Korea Relations
- Author:
- Aidan Foster-Carter
- Publication Date:
- 04-2009
- Content Type:
- Journal Article
- Journal:
- Comparative Connections
- Institution:
- Center for Strategic and International Studies
- Abstract:
- Looking back, it was a hostage to fortune to title our last quarterly review: “Things can only get better?” Even with that equivocating final question mark, this was too optimistic a take on relations between the two Koreas – which, as it turned out, not only failed to improve but deteriorated further in the first months of 2009. Nor was that an isolated trend. This was a quarter when a single event – or more exactly, the expectation of an event – dominated the Korean Peninsula and Northeast Asia more widely. Suspected since January, announced in February and awaited throughout March, despite all efforts to dissuade it North Korea's long-anticipated Taepodong launched on April 5. This too evoked a broader context, and a seeming shift in Pyongyang. Even by the DPRK's unfathomable logic, firing a big rocket – satellite or no – seemed a rude and perverse way to greet a new U.S. president avowedly committed to engagement with Washington's foes. Yet, no fewer than four separate senior private U.S. delegations, visiting Pyongyang in unusually swift succession during the past quarter, heard the same uncompromising message. Even veteran visitors who fancied they had good contacts found the usual access denied and their hosts tough-minded: apparently just not interested in an opportunity for a fresh start offered by a radically different incumbent of the White House.
- Topic:
- International Relations, Development, and Government
- Political Geography:
- United States, South Korea, North Korea, and Pyongyang
28. China's Development Strategy and Energy Security: Growth, Distribution and Regional Cooperation
- Author:
- Haider A. Khan
- Publication Date:
- 05-2008
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- This paper analyses both global and regional approaches to solving problems of energy security and ecological imbalance by addressing specifically the problems of China's energy security. China's growing energy dependence has become a major concern for both economic and national security policymakers in that country. The ambitious goal of modernization of the economy along the lines of the other newly industrialized economies (NIEs) of Asia has succeeded only too well, and it is difficult to reorient economic priorities. If examined rigorously, such an economic strategic assumption can be seen to entail the goal of creating further technological capabilities. In particular, China seems to be firmly committed to the creation of a largely self-sustaining innovation system as part of a knowledge-based economy of the future. Such innovation systems, called positive feedback loop innovation systems or POLIS have been created by advanced countries, and NIEs such as South Korea and Taiwan are proceeding to create these as well. But this will add to its energy burden and further dependence on the US as the power which controls the key sea lanes. Only a strategic reorientation to building a self-sustaining POLIS and appropriate regional cooperation institutions can lead to the way out of the current dilemma for China. Fortunately, such a model of POLIS which is distributionally and ecologically sensitive can be built for China and applied strategically to lead towards a sustainable development trajectory.
- Topic:
- Development, Energy Policy, Environment, and Regional Cooperation
- Political Geography:
- United States, China, Taiwan, Asia, and South Korea
29. China's Economic Prospects 2006-2020
- Author:
- Sandra Polaski, Jianwu He, and Li Shantong
- Publication Date:
- 04-2007
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- China's economic growth during the past twenty-five years has been remarkable, averaging more than 9 percent a year. While there have been earlier episodes of comparable growth rates in countries such as Japan and South Korea, there is no precedent for such rapid growth in a country the size of China, whose population of 1.3 billion is thirteen times that of Japan when that nation began its rapid growth. The impact on the rest of the world of economic dynamism on this scale is already being felt. If China continues its rapid growth in the coming decades, it will take the global economy into uncharted terrain.
- Topic:
- Demographics, Development, and Economics
- Political Geography:
- Japan, China, Asia, and South Korea
30. Minds on Fire: Enhancing India's Knowledge Workforce
- Author:
- Richard P. Adler
- Publication Date:
- 02-2007
- Content Type:
- Working Paper
- Institution:
- Aspen Institute
- Abstract:
- India's economy continues to grow at a remarkable pace. The country's gross domestic product (GDP) has been expanding an average of nearly 8 percent per year since 2002. In the fiscal year ending March 2007, India's economy grew at 9.4 percent. This performance means that the Indian economy met its own national five-year growth goal for the first time since the first five-year plan was issued by the government in 1950. At its current rate of growth, India will become a trillion-dollar economy by 2007–2008 and will overtake South Korea to become Asia's third-largest economy, after China and Japan.
- Topic:
- Development, Economics, Education, and Science and Technology
- Political Geography:
- Japan, India, Asia, and South Korea
- « Previous
- Next »
- 1
- 2
- 3
- 4