This book explores options for economic and social institutional reform in Korea. It emphasizes the importance of Korea's cultural heritage—not only in explaining the nation's recent growth but also as a key element of its continued success.
Part I: Culture, Institutions, and Development 1. Culture, Institutions, and Economic Development in East Asia Part II: The System of National Economic Management 2. An Introduction to the Korean Model of Political Economy 3. What Is the Best System of National Economic Management for Korea? 4. The Specter of Anglo-Saxonization Is Haunting South Korea 5. Korean Choices and Patterns of Advanced Country Development Part III: The Tax System 6. Tax Policies and Institutional Reform 7. A Proposal for Tax Reform in Korea 8. Does Korea Need a Tax Reform in the 1990s? Part IV: The Financial System 9. Financial Institutions 10. Institutional Reform of the Korean Financial System 11. Financial Reform in South Korea Part V: The System of Land Ownership and Use 12. Korean Land Ownership and Use 13. The "Land Problem" in Korea 14. More Land at Lower Prices: The Deregulation Alternative Part VI: The Relationship between Business Ownership and Management 15. Ownership-Management Relations in Korean Business 16. Big Business Groups in South Korea: Causation, Growth, and Policies Part VII: Trade and Industrial Strategy 17. Industrial Policy and Trade Regimes 18. Issues and Reforms in Korea's Industrial and Trade Policies 19. Korean Industrial Policy: Legacies of the Past and Directions for the Future Part VIII: The Relationship between Labor and Management 20. Korean Labor-Management Relations 21. Industrial Relations and Human Resource Policy in Korea: Options for Continued Reform Part IX: Conclusions 22. A New Vision for Institutional Reforms