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Academic Term Papers Catalog SOUTH KOREA AND THE ASIAN FINANCIAL CRISIS.
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| 13118. SOUTH KOREA AND THE ASIAN FINANCIAL CRISIS. This paper examines the nature, causes, and consequences of the Asian financial crisis with respect to South Korea. Considers in detail the role (in both provoking and ameliorating) of "outside" forces (e.g., international lenders and investors) in the crisis. Bad lending policies, too-cozy business-banking-corporate relations, an irrational and inefficient chaebol structure, and a pervasive distrust of foreign investment are cited as among the principal causes of the financial crisis in South Korea. Concludes that South Korea's prospects for recovery hinge on its willingness to allow foreign investment and foreign participation in domestic business. 31p., 96f., 41b. | $133 |
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