This book examines the major issues arising from the Korean financial crisis of 1997. It considers the strong prospects for rapid economic recovery and the emerging changes in Korea's international economic relations and business environment. The authors investigate the causes of the financial...

1. Introduction -- 2. Existing explanation's for Korean economic development -- 3. An evolutionary analysis of the economic system -- 4. The Korean economic system -- 5. The state and the Chaebol -- 6. The state and financial institutions -- 7. Japan's influence on the formation of the Korean...