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Brazil and South Korea: Economic Crisis and Restructuring

Название: Brazil and South Korea: Economic Crisis and Restructuring

Автор:

Серия:

Год выпуска:2004

ISBN: 1900039516

Издатель: Institute of Latin American Studies

Страниц: 230

Описание:
The 1990s saw lower- and middle-income countries throughout the world come under pressure to open their domestic markets to international trade and investment. Despite the progressive implementation of market-friendly policies, many emerging market countries experienced financial market volatility, exchange rate collapse, and in slumps in output. These problems profoundly affected two of the world’s largest middle-income industrialized countries – Brazil and South Korea. Both economies despite substantial industrial sectors and impressive postwar growth records, succumbed rapidly to crises. The two countries had very different models of industrialization and adopted contrasting approaches to trade and market reform. This book analyses the factors underlying the economic crises in South Korea and Brazil, pointing out the areas of similarity and divergence. It also reviews the paths of recovery taken by both economies, examining the role of policy and variations in structural…

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