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Part of the book series: Studies in the Korean Economy ((SKE))

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Abstract

To close this book with a view to looking ahead to Korea’s future, this final section will examine the ever-growing trend of globalization and speculate on its implications for the Korean economy in the early part of the twenty-first century. In particular, we consider the question of how Korea can best adjust to the changing environment brought about by the trend of globalization and what kinds of economic strategies can enhance the opportunity for the Korean economy to continue to prosper in the twenty-first century. In addition, we offer prospects for Korea’s growth in the medium to long term.

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Select Bibliography

  • Hayek, F.A. von (1984) ‘Competition as a Discovery Procedure’, in Nishiyama Chiahi and Kurt R. Leube (eds), The Essence of Hayek. Stanford, CA: Hoover Institution Press, pp. 254–65.

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  • Yoo, Jungho (1988) ‘The Nature of the National Economy in the Borderless World and the Role of the Government’, in Lee-Jay Cho and Yoo Hyung Kim (eds), Korea’s Choices in Emerging Global Competition and Cooperation. Seoul: Korea Development Institute, pp. 65–85.

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© 2001 Sung-Hee Jwa

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Jwa, SH. (2001). A Final Word: The Future of the Korean Economy. In: A New Paradigm for Korea’s Economic Development. Studies in the Korean Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9781403920201_10

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