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1 Introduction 2 The Miracle with a Dark Side: Korean Economic Development under Park Chung-hee Prologue to the Miracle Military Coup, and the Miracle Begins The HCI Drive The End of the HCI Drive, and an Evaluation Appendix 2.1: Might Industrial Policy in a Developing Country Succeed for Reasons Not Explained by Classical Economics? 3 The Miracle with a Dark Side: The Chun and Roh Years, 1980-92 Chun Doo-hwan Takes Over Economic Reform under Chun Further Efforts to Reform the Chaebol Vestiges of Industrial Policy Remain During the Chun and Roh Eras Mistakes Mount in the Second Half of Roh Tae-woo's Presidency Taking Stock, to See the Forest Through the Trees 4 From Full-Blown Democracy to Disaster: The Kim Young-sam Years, 1993-97 Reform and Growth in the Early Years of the Presidency of Kim Young-sam The Second Half of Kim Young-sam's Administration 5 The 1997-98 Crisis and Its Aftermath The Crisis in Korea Unfolds Financial Sector Reform Erratic Reform in the Industrial Sector The Collapse of Daewoo The Near Collapse and the De Facto Breakup of the Hyundai Group Will 1999 Be Remembered as a Repeat of 1990? 5 Conclusions A Tale of Two Countries? The Need for Reform in Korea Has Not Ended To Conclude the Conclusion References IndexLibrary of Congress Subject Headings for this publication: