How Finance Is Shaping the Economies of China, Japan, and Korea by Yung Chul Park

How Finance Is Shaping the Economies of China, Japan, and Korea

byYung Chul Park, Hugh Patrick

Kobo ebook | November 26, 2013

Pricing and Purchase Info

$67.99 online 
$85.00 list price save 20%

Prices and offers may vary in store

Available for download

Not available in stores


This volume connects the evolving modern financial systems of China, Japan, and Korea to the development and growth of their economies through the first decade of the twenty-first century. It also identifies the commonalities among all three systems while accounting for their social, political, and institutional differences.

Essays consider the reforms of the Chinese economy since 1978, the underwhelming performance of the Japanese economy since about 1990, and the growth of the Korean economy over the past three decades. These economies engaged in rapid catch-up growth processes and share similar economic structures. Yet while domestic forces have driven each country's financial trajectory, international short-term financial flows have presented opportunities and challenges for them all. The nature and role of the financial system in generating real economic growth, though nuanced and complex, is integral to these countries. The result is a fascinating spectrum of experiences with powerful takeaways.

Yung Chul Park is distinguished professor in the Division of International Studies at Korea University. He previously served as the chief economic adviser to the president of Korea (1987-1988), as president of the Korea Development Institute (1986-1987), and as president of the Korea Institute of Finance (1992-1998).Hugh Patrick is di...
Title:How Finance Is Shaping the Economies of China, Japan, and KoreaFormat:Kobo ebookPublished:November 26, 2013Publisher:Columbia University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0231536461

ISBN - 13:9780231536462


Read from the Book

Read an excerpt from the introduction by Hugh Patrick:

Table of Contents

1. An Introductory Overview, by Hugh Patrick
2. Financial Reform in China: Progress and Challenges, by Yiping Huang, Xun Wang, Bijun Wang, and Nian Lin
3. Japan: Ongoing Financial Deregulation, Structural Change, and Performance, 1990--2010, by Edward J Lincoln
4. Financial Development and Liberalization in Korea: 1980--2011, by Yung Chul Park
5. Banking, Capital Flows, and Financial Cycles: Common Threads in the 2007--09 Crises, by Young-Hwa Seok and Hyun Song Shin

Editorial Reviews

Finance and its regulation are controversial, and nowhere are they more controversial than in Asia. But no one can claim more experience and knowledge of the controversy than Yung Chul Park and Hugh Patrick. This volume will be of equal interest to China, Japan, and Korea specialists, and general readers alike.