TY  - JOUR
AU  - Collins,Susan M.
TI  - South Korea's Experience With External Debt
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 2598
PY  - 1988
Y2  - June 1988
UR  - http://www.nber.org/papers/w2598
L1  - http://www.nber.org/papers/w2598.pdf
N1  - Author contact info:
Susan M. Collins
Joan and Sanford Weill Dean of Public Policy
Gerald R. Ford School of Public Policy
Weill Hall, Suite 4300
735 South State Street
Ann Arbor, MI   48109-3091
Tel: 734-763-2258
Fax: 734-763-9181
E-Mail: smcol@umich.edu
M2  - featured in NBER digest on 1988-09-01
AB  - This paper examines South Korea's macroeconomic performance and experience with external debt during 1960-1986. Most of Korea's debt was accumulated during three periods: 1966-69, 1974-75 and 1979-81. Each involved an initial phase of economic difficulty and an slow-down in growth, followed by an impressive recovery. The paper reviews the economic and political developments during each cycle in some detail. Of particular interest are the shifts in economic policy as domestic authorities responded to external and internal developments. The paper is part of a larger study of the Korean experience.
ER  -