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Donald Kirk explores the reasons for Korea s economic crisis, its aftermath, and its impact on the system that brought it about. He traces a variety of events that constituted the crisis, including a series of scandals at the height of the Korean miracle; the efforts of the one-time dissident Kim Dae Jung as president to curb the overweening power of the chaebol, or conglomerates; and the outside intervention by the IMF and the country s desperate efforts to obtain foreign investment. At the same time, the book explores another overwhelming problem, that of coming to terms with North Korea, which is suffering from famine but still a threat. Based almost exclusively on the author s original reporting from the onset of the crisis through the intervention of the IMF, this book is the first to look at Korea s experience of the regional turmoil in Asia.
- Sales Rank: #5730924 in Books
- Published on: 2000-03-16
- Original language: English
- Number of items: 1
- Dimensions: 1.34" h x 5.80" w x 8.56" l,
- Binding: Hardcover
- 400 pages
Review
“Donald Kirk is a veteran observer of the Korean scene. He has a talent for blending politics, economics, and culture into a lively story that those interested in the heroic as well as tawdry sides of the ongoing Korean "miracle" won't want to miss.” —William Stueck, author of The Korean War: An International History
“Kirk's sweeping, detailed study chronicles one of the most important economic events of the late 20th century. A veteran journalist in Asia, Kirk shows the local and global causes and consequences of the crisis in the highest levels of the Korean government and in the lives of ordinary working men and women, in the excesses of wealthy corporate leaders and the struggles of money changers in the back alleys. If you are an investor in Asian markets, a student in Asian studies, or anyone interestsed in the history and future of what Koreans now call the "IMF generation," this is a book for you.” —Roy Richard Grinker, George Washington University, Author of Korea and its Futures: Unification and the Unfinished War
“...a lively study that should be read by anyone interested in the contemporary Korean scene.” —Pacific Affairs
About the Author
Donald Kirk is the Seoul correspondent for the International Herald Tribune.
Most helpful customer reviews
5 of 5 people found the following review helpful.
A Journalistic Account of the Korean Financial Crisis
By A Customer
Don Kirk is a newspaper reporter for the International Herald Tribune based in Seoul. He had previously written a book on Hyundai. This book is a journalistic account of the financial crisis that swept South Korea in 1997-98. Its strong points are lots of vivid quotes and anecdotes. Its weakness is a lack of overall analytical framework. In essence, it updates Mark Clifford's "Troubled Tiger" to the late 1990s. Readers interested in a more systematic analysis of the crisis should see Marcus Noland "Avoiding the Apocalypse."
1 of 6 people found the following review helpful.
Korean Crisis
By Naoki Morimura
I am working in country risk assessment section in the Bank. I have been in charge of South Korea, Thailand, Vietnam, etc. We always get in contact with IMF staff and collabolate the task for international coordination. To this end, I put a great deal emphasis on that this book must be resourceful for my job!
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