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The Role of Capital and Investment

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Korea’s Economic Miracle

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Abstract

At the centre of any analysis of an economy is the role of capital and its source. Expanding industries require both fixed capital (buildings and machinery) and variable capital (e.g. goods in the process of being manufactured and trade credit to customers). Such distinctions are important because investment in the former tends to be long-term whereas in the latter it is short-term. Long- and short-term perspectives are important influences on the decision to invest and the amount to be invested.

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Author information

Authors and Affiliations

  1. Faculty of Economics and Social Studies, University of Manchester, UK

    Robert Castley

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  1. Robert Castley
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© 1997 Robert Castley

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Castley, R. (1997). The Role of Capital and Investment. In: Korea’s Economic Miracle. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-25833-8_4

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