소개글
[경제학] 1990년대 한국의 거시경제실적(영문)에 대한 자료입니다.
목차
1.Korea’s macroeconomic performance during 1990s
2.External developments
3.Structural weaknesses
4.Other deficiencies
5.Policy mistakes
6.Korea and East Asian economic miracle
본문내용
The main causes of downturn after 1995 –
A slump in export earning
The weakening of the yen
The end of equipment and infrastructure investment boom
High wages, high interest rate and high land prices
Won appreciation in1994-95 ↑
A loss of international competitiveness
Won devaluation in 1996 ↓
competitiveness improvement
Increase the repayment burden of foreign debt and the cost of imported raw materials
Government Failure to deal with corporate insolvencies devastating effect
Exchange rate policy
Waiting until the foreign currency reverses plummeted
Reason for making policy mistakes
The lame duck
The Ministry of Finance and Economy
& The central bank