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Economic Development Patterns, Inflations, and Distributions: With Application to Korea (ROK) and Taiwan (ROC)

Economic Development Patterns, Inflations, and Distributions: With Application to Korea (ROK) and Taiwan (ROC)

Paperback

Series: Routledge Library Editions: Business and Economics in Asia, Book 10

EconomicsGeneral Racism & Ethnic StudiesGeneral Sociology

ISBN10: 1138369640
ISBN13: 9781138369641
Publisher: Routledge
Published: Mar 10 2020
Pages: 252
Weight: 0.79
Height: 0.53 Width: 6.14 Depth: 9.21
Language: English

The focal point of this study, first published in 1991, is to investigate the effect of growth patterns on inflation and the distribution of income through inductive examination of the particular experiences in Korea and Taiwan. Both countries are regarded as models of successful industrialization, but contrast significantly in the matter of their development strategy yielding a more equitable distribution of income, along with a moderate inflation from the benefits of economic growth. Korea experienced considerable rates of inflation and a worsening of the distribution of income, while Taiwan avoided both economic evils. This book analyses how Taiwan's economy managed to reconcile growth with inflation and distribution and why Korea could not achieve similar performance.

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General Racism & Ethnic Studies