Disagreements persist on whether the Korean and Taiwanese economic miracle is export-led as advocated by market fundamentalists or investment-led as envisioned by the market interventionists. The Granger causality test has been conducted within the context of a VAR system comprised of exports,...

South Korea had achieved remarkable growth during the last decades, and is quoted as an example of successful industrial policy. This paper intends to review the history of industrial policy in Korean and issues on industrial targeting. Since Korean economy enters more mature stage, new paradigm...

South Korea has experienced a great U-turn in its inequality trends during the past few decades. In this paper, we explore the role of international trade in its wage inequality dynamics over the 1998-2012 period, using a unique household panel survey. Our analysis reveals that most of the...