The purpose of this study was to investigate how Korea adjusted successfully to the combination of low growth, high inflation, and unsustainable current account deficits. The study shows that the factors that contributed most to the successful adjustment were the restoration of the macroeconomic fundamentals and a favorable external environment. Financial reforms and measures to increase domestic competition facilitated the restructuring of the economy...
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INFORMACIÓN
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1992/05/31
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Publicación
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10907
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1
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1
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2010/07/01
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Structural adjustment in a newly industrialized country : the Korean experience
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structural adjustment