After having been a Japanese colony for more than 35 years until 1945, the miraculous economic development in the southern half of the Korean peninsula has multiplied the nation's output nearly 38 times and expanded per capita income by 16 times from $778 to $12,422 (in year 2000 prices) and transformed from basically an agrarian economy to that of a major industrial power, which is now considered one of a dozen or so of most industrialized countries in the world, during the 43-year period between 1953 and 1996. This book is a study of development of the South Korean economy from the time of the cessation of the Korean War to date, based on available data with minimal historical description, focusing on investment, the sources and means of capital formation, which is one of the most critical factors that contributed to economic development, and the government role of in them for economic growth and structural changes. The approach in this study is more analytical (without being mathematical, statistical, or technical, but with supporting quantitative data) than historical. There are a number of studies on some aspects of capital formation and economic development in short articles, but there is no comprehensive study/analysis/book of capital formation and economic development of South Korea since the Korean War, other than this authors comprehensive study of capital formation and economic transformation of Korea before 1945 (1876-1945). Not only this book fills the void of study of the subject after the Korean War but it also complement my first volume. This study reveals a number of significant, though perhaps not all unique, patterns and characteristics of capital formation and economic development of South Korea. The combination of circumstances, approaches, and experiences in the country was in many respects unique in comparison to many developing and developed countries, including many Asian countries, such as Japan and China.

After having been a Japanese colony for more than 35 years until 1945, the miraculous economic development in the southern half of the Korean peninsula has multiplied the nation's output nearly 38 times and expanded per capita income by 16 times from $778 to $12,422 (in year 2000 prices) and transformed from basically an agrarian economy to that of a major industrial power, which is now considered one of a dozen or so of most industrialized countries in the world, during the 43-year period between 1953 and 1996. This book is a study of development of the South Korean economy from the time of the cessation of the Korean War to date, based on available data with minimal historical description, focusing on investment, the sources and means of capital formation, which is one of the most critical factors that contributed to economic development, and the government role of in them for economic growth and structural changes. The approach in this study is more analytical (without being mathematical, statistical, or technical, but with supporting quantitative data) than historical. There are a number of studies on some aspects of capital formation and economic development in short articles, but there is no comprehensive study/analysis/book of capital formation and economic development of South Korea since the Korean War, other than this authors comprehensive study of capital formation and economic transformation of Korea before 1945 (1876-1945). Not only this book fills the void of study of the subject after the Korean War but it also complement my first volume. This study reveals a number of significant, though perhaps not all unique, patterns and characteristics of capital formation and economic development of South Korea. The combination of circumstances, approaches, and experiences in the country was in many respects unique in comparison to many developing and developed countries, including many Asian countries, such as Japan and China.

After having been a Japanese colony for more than 35 years until 1945, the miraculous economic development in the southern half of the Korean peninsula has multiplied the nation's output nearly 38 times and expanded per capita income by 16 times from $778 to $12,422 (in year 2000 prices) and transformed from basically an agrarian economy to that of a major industrial power, which is now considered one of a dozen or so of most industrialized countries in the world, during the 43-year period between 1953 and 1996. This book is a study of development of the South Korean economy from the time of the cessation of the Korean War to date, based on available data with minimal historical description, focusing on investment, the sources and means of capital formation, which is one of the most critical factors that contributed to economic development, and the government role of in them for economic growth and structural changes. The approach in this study is more analytical (without being mathematical, statistical, or technical, but with supporting quantitative data) than historical.There are a number of studies on some aspects of capital formation and economic development in short articles, but there is no comprehensive study/analysis/book of capital formation and economic development of South Korea since the Korean War, other than this authors comprehensive study of capital formation and economic transformation of Korea before 1945 (1876-1945). Not only this book fills the void of study of the subject after the Korean War but it also complement my first volume.This study reveals a number of significant, though perhaps not all unique, patterns and characteristics of capital formation and economic development of South Korea. The combination of circumstances, approaches, and experiences in the country was in many respects unique in comparison to many developing and developed countries, including many Asian countries, such as Japan and China.

This book compares the rapid development of South Korea over the past 70 years with selected countries in sub-Saharan Africa to assess what factors contributed to the country’s success story, and why it is that countries that were comparable in the past continue to experience challenges in achieving and sustaining economic growth. In the 1950s, South Korea’s GDP per capita was $876, roughly comparable with that of Cote d’Ivoire and somewhat below Ghana’s. The country’s subsequent transformation from a war-ravaged, international aid-dependent economy to the 13th largest economy in the world has been the focus of considerable international admiration and attention. But how was it that South Korea succeeded in multiplying its GDP per capita by a factor of 23, while other Less Developed Countries continue to experience challenges? This book compares South Korea’s politics of development and foreign assistance with that of Ghana, Nigeria, and Zambia, which were also major recipients of the U.S. aid, to investigate the specific contexts that made it possible for South Korea to achieve success. Overall, this book argues that effective state capacity in South Korea’s domestic and international politics provided an anchor for diplomatic engagement with donors and guided domestic political actors in the effective use of aid for economic development. This book will be of interest to researchers and students working on development, comparative political economy, and foreign aid, and to policy makers and practitioners looking for a greater understanding of comparative development trajectories.

Asia in Focus: The Koreas is the most complete, accessible, and up-to-date resource available on both North Korea and South Korea. Asia in Focus: The Koreas presents an authoritative and unprecedented look at the contrasts and similarities between the history, geography, politics, economy, culture, and society of North Korea and South Korea. It offers a wealth of new insights into North Korean life, as well as extensive explorations of Korean music, arts, language, cuisine, and popular culture, including the "Korean wave," which began with the export of Korean television dramas to other parts of Asia and has spread South Korean culture around the world. Also included are sections on women's history and roles, class and ethnicity, and a wide range of contemporary issues. For a deeper understanding of one of the most closely watched regions of the globe, this volume is a must.

In 1962, South Korea assembled just 1,100 new automobiles. By 1996, this total had soared to 2,812,714. What explains this remarkable growth? The answer is complex, and involves a combination of a supportive State, timely technology alliances, a skilled but historically low-paid workforce, aggressive pricing, savvy entrepreneurs, and fortuitous circumstances. Despite this amazing ascent, comparatively little has been written about the Korean auto industry in English. In the first of a two-volume set, this 11-chapter book seeks to help fill this void by providing in-depth examinations of all six of Korea’s automakers from their beginnings through 1996. Uniquely written from the perspective of industry analysts at the time (without knowledge of the Asian Fiscal Crisis), the book should prove informative to practitioners, scholars, and students interested in automotive history, international political economy, Asian studies, and more.

This book focuses on China’s experience in development over the past 70 years and its significance, as well as building a community with a shared future for mankind. The book consists of a collection of papers contributed by researchers from many countries, covering the topics of world order, a community with a shared future for mankind, “the Belt and Road” initiative, exchange and mutual learning between civilizations, China Model, China and the World, multi-bilateral relationship, sustainable development.

This book examines the diffusion of economic ideas in East Asia, assessing the impact of external ideas on internal theory and practice. It considers economists from Adam Smith onwards, including Marx, Keynes, Hayek and contemporary economists, and covers the subject both historically and also includes present day and likely future developments. The book covers all the major countries of East Asia, and pays particular attention to specific economists who have had a strong impact in specific countries, and to important developments in economic theory in East Asia, exploring how far these have been driven by Western economic ideas. This book will be welcomed by students and scholars of East Asia and South-east Asia, as well as those interested in economics, economic history and management.

1. Diplomacy at Large No come, no go - no one seems to bother about; Chanakyapuri-II in the making; Indian diplomacy at its best; Successful Performance from Diplomatic to Cricketing Field; Changing Face of Latin American Diplomacy; Solidarity in the Golden Year of Independence; Evolve Diplomacy to Fetch Global Business. 2. State Visits: Goodwill Missions Kants Visit to Brazil; Indian NAM Camaraderie with Yugoslavia; Ticklish Issues and an Ambassador-at-large; Indian NAM Camaraderie with Yugoslavia; Its time to Befriend Again; On Firm Economic Footing; Prodigal Visits Fatherland; When a Prime Minister Travelled into History. 3. Bilateral Taste of Pudding Dalai Birthday to be a Private Affair; Gaping Holes; East-west Divide in South Block; Pakistan Scores Yet Another Diplomatic First; Lessons from Argentina Nuclear policy; This Brazilian Left Wont go Right; India has High Stakes in Hong Kong Integration; When it Comes to Sahara, Even Gujral, Surjeet, Gupta have no Say; An Analogy by Default: Korea and Kashmir; India, Pak should Stop Playing Spy Catcher; Who Divides the World into Haves and Have-Nots?; Latin Americans Stay Loyal Despite Indias Faux Pas; Kabul Decides to Divide Hindus and Sikhs; Coalition Governments are Here to Stay, World Over; 6 Diplomacy: Initiatives and Responses India must Tread Cautiously in South Africa; Parliament Plays Diplomatic Host; Friends from Central Asia; Try Tashkent This Time, Instead of Mumbai. 4. Saying it Culturally When a Pakistani Diplomat Plays Host; Latino Ties and a Farewell; Trade can Wait, Its Culture Time; Diplomacy of No-Coloured People from Africa; Sports and Diplomacy; Forging Cultural Linkages; Of Diplomatic Parties and National Days; Time for Independence Celebrations; Happy Union ; Of Venezueian Fuel, Mansingh and Caricatures; Panama Picks up Indian Ambassadors of Mania; Demolishing Language Barrier; Lalit Mansingh and his Spice Girls; Whats French for Soccer?; A Diplomats Hospitality; Saying Shalom to India; Of Parties and Delegates; Occasion-Free Interaction should be Encouraged; Partying the Night Away; Bbye India, Hello China; Of Thai Cuisine; Live Carol Band and Smiling, Santa for CRY Kids; Learning Cultural Diplomacy, the Hard Way; The Bamboo Curtain Rises; Mexican Charmer; The Guests Who didnt Come to Dinner; Desert Flavours in the Capital; Not All that Black; The Russian and the Bindi; Role of Diplomats Spouses in Foreign Land; Why did Vivan Stop Painting?; Adding Colour to a Dull Meet; A Diplomatic Victory; Oriental Features and Acceptance in Japan; Be There . 5. First Hand Experience Making their Diplomats Our Envoys: A Users Guide; Sri Lanka Sends One Ivlan Army to Catch Indian Travelers; The Nicaraguan Lesson; Rotterdam, Gateway to Europe-92. 6. Journal Cultivating Relations with Nations Through Ambassadors; Ticklish Issues and an Ambassador - at - Large; Welcome on Board, Homai Saha; Kenya has 8,000 Ambassadors in India; Former Ambassadors Flocking to Delhi. 7. In the End Its the Word Chamber Diplomacy; Common Man and Foreign Policy; The Way Australians Do It; Academic Tribute to Narayanan; Gifts from Venezuela; Dixits Diplomatic Diaries; Link with Mexico Launched; Global Diplomacy; Where Book is a World; Education Industry of Australia; Diary of an Endless Yugoslav Night; Wanted an African Cultural Centre; Move over IIC, Here Comes IHC; Reaching out to the World; Dharmshila to Panchsheel as Rescue. 8. Diplomatic Space Musical Chairs in the Embassy Bazaar; Germans and Scindias Vie Over Chancery Building; Dream-Houses ... Made of Waste. Index

The West's history is one of extraordinary success; no other region, empire, culture, or civilization has left so powerful a mark upon the world. The Rise of Western Power charts the West's achievements-representative government, the free enterprise system, modern science, and the rule of law-as well as its misdeeds-two frighteningly destructive World Wars, the Holocaust, imperialistic domination, and the Atlantic slave trade. Adopting a global perspective, Jonathan Daly explores the contributions of other cultures and civilizations to the West's emergence. Historical, geographical, and cultural factors all unfold in the narrative. Adopting a thematic structure, the book traces the rise of Western power through a series of revolutions-social, political, technological, military, commercial, and industrial, among others. The result is a clear and engaging introduction to the history of Western civilization.