HIST393 - S. KOREA ECON & POLICY

Status
O
Activity
LEC
Title (text only)
HIST393 - S. KOREA ECON & POLICY
Term
2014C
Subject area
HIST
Section number only
401
Section ID
HIST393401
Meeting times
TR 1030AM-1200PM
Meeting location
PSYCHOLOGY LAB C41
Instructors
KIM, CHOONG
Description
South Korea ("Korea" hereafter) has achieved a remarkable economic development during the past half a century. Originally a poor agrarian economy, Korea joined the Organization for Economic Co-operation and Development (OECD), a club of 34 wealthy nations, as a second member from Asia after Japan. Furthermore, Korea emerged from an aid-recipient to a donor country. Many developing economies in particular took note, seeking to learn policy lessons from Korea's development experiences. Taught by a former governor of the Bank of Korea, a Penn Econmics Ph.D., this course covers three themes. The first part examines the sources of successes for rapid industrialization with maintaining fair income distributions during the first five decades since Korea's liberation from the Japanese colonial rule in 1945. Government-led development strategy was instrumental to bringing such remarkable socioeconomic achievements. Part II analyzes how Korea overcame major economic crises in the late 1990s and in recent years. Korea recovered more quickly than most of the neighboring economies experiencing crises at the same time. Third, we examine Korea's continued efforts to integrate its economy into the global economy further through, among others, Free Trade Agreements (FTA) with advanced economies such as the United States.
Course number only
393
Cross listings
EALC185401EALC585401ECON029401
Use local description
No
LPS Course
false