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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
Index
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