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자료유형
학술저널
저자정보
저널정보
한국경제연구학회 Korea and the World Economy The Journal of the Korean Economy Vol.4 No.1
발행연도
2003.3
수록면
117 - 143 (27page)

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Korea has drawn worldwide attention for its unprecedented economic growth and recent financial crisis. A unique Korean style 'developmental state model' approach has been often cited as a root cause for both success and failure of the Korean economy. This paper shares similar views with it in principle. It has been analyzed that the government-led economic operations functioned efficiently in the early stages of economic development but created low-efficiency and high cost economic structure at later stages. For this reason, even before the outbreak of the crisis, the neoclassical principle has been suggested to replace the traditional development model approach. The IMF policy recommendations were also based on the neoclassical doctrine. The main argument of this paper is, however, that extreme neoclassical strategies can not be a successful substitute for the statist model approach in Korea. The so-called 'advanced state model' approach is suggested instead as an alternative.

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ABSTRACT

1.INTRODUCTION

2.HOWTO APPROACH DEVELOPMENT PROBLEMS OF LDC‘S

3.HOW TO INTERPRET THE KOREAN ECONOMIC DEVELOPMENT PROCESS:CME SYSTEM

4.STATISY VS.NEO-CLASSICAL MODEL

5.WAS THE NEO-CLASSICAL REMEDY BY THE IMF APPROPRIATE?

6.FUTURE POLICY SUGGESTION:THE ADVANCED STATE MODEL APPROACH

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