This volume contains the papers presented and comments made at two conferences on the controversial subject of greater flexibility of exchange rates. The first of the conferences was held at Oyster Bay, New York, early in 1969, the second at Bürgenstock, Switzerland, in the summer of 1969. One...

In 1996, Korean and US officials, academics, and businessmen met in a frank, closed-door discussion of recent political, economic, and cultural developments affecting their two nations. These discussions came at a critical juncture in Korean-US relations as shifting international conditions have...

This study examines the factors that have contributed to the "Korean Miracle": an active role by government in managing the economy; an outward-oriented trade policy; market and nonmarket factors, including culture, rapid physical and human capital accumulation rates; and macroeconomic and...

This paper first shows that Korea implemented industrial policy properly, promoting infant industries rather than mature ones. The paper then shows that infant industries promoted by industrial policy have matured over time, as well as grown faster than mature industries not promoted by...