The South Korean Economy after the Financial Crises in 1997 and 2008

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The South Korean Economy after the Financial Crises in 1997 and 2008

Popis výsledku v původním jazyce

Korea's development in the last four decades of the 20th century was astonishing. The growth rate of GDP per capita was even the highest in the world during the period 1965 to 1990. After the World War II, Korea was one of the poorest countries in the world, however, it gradually transformed into an advanced economy. In the late 1990s, Korea was heavily affected by the Asian financial crisis. The crisis revealed longstanding weaknesses in Korea's development model. After this crisis, Korea managed to implement broad structural reforms. The country started to build a knowledge economy and we can claim that it has been successful. Nowadays, we often hear that a crisis represents an opportunity. Korea is an example of a country that was truly able to utilize such an opportunity. Therefore, the Korean transition to the knowledge economy that was initiated after the financial crisis 1997 -- 1998 could be an inspiration for Central European countries.

Název v anglickém jazyce

The South Korean Economy after the Financial Crises in 1997 and 2008

Popis výsledku anglicky

Korea's development in the last four decades of the 20th century was astonishing. The growth rate of GDP per capita was even the highest in the world during the period 1965 to 1990. After the World War II, Korea was one of the poorest countries in the world, however, it gradually transformed into an advanced economy. In the late 1990s, Korea was heavily affected by the Asian financial crisis. The crisis revealed longstanding weaknesses in Korea's development model. After this crisis, Korea managed to implement broad structural reforms. The country started to build a knowledge economy and we can claim that it has been successful. Nowadays, we often hear that a crisis represents an opportunity. Korea is an example of a country that was truly able to utilize such an opportunity. Therefore, the Korean transition to the knowledge economy that was initiated after the financial crisis 1997 -- 1998 could be an inspiration for Central European countries.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

Z - Vyzkumny zamer (s odkazem do CEZ)

Rok uplatnění

2009

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of 12th International Conference on Finance and Banking: Structural and Regional Impacts of Financial Crises

ISBN

978-80-7248-554-3

ISSN

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e-ISSN

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Počet stran výsledku

15

Strana od-do

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Název nakladatele

Silesian University

Místo vydání

Karviná

Místo konání akce

Ostravice, Sepetná

Datum konání akce

28. 10. 2009

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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