경성대학교 전자도서관 전자책도서관

책소개

The theories of Yin-Yang and Five Elements, East Asian"s traditional philosophies, describe the principles of the universe. This book attempts to apply these theories to economics and to the Korean Economy to explain its rapid rise, fall, and recovery. A balance between opposite but complementary forces, Yin and Yang, ensures social stability and progress. Through repeated　re-balancing in order to maintain harmony, the society comes to maturity. Historically in traditional East Asian societies, a philosophical balance was maintained between Confucianism (Yang) and Taoism, Buddhism and others (Yin). In modern societies, the challenge is to find a balance between the traditional systems and Western-style capitalism. In the modern development history of East Asia, its traditional way (Yang) is characterized by cooperativism/collectivism, moralism, and spiritualism, and the Western way (Yin) of individualism, legalism, and materialism. As international trade has grown explosively and the global marketplace has become increasingly integrated, East Asian culture and systems have keenly felt the need to assimilate to Western traits and have begun to move closer to Western ways in the interest of the country’s economic progress. Over the past forty years, various aspects of Korean society have succeeded and failed in finding a new equilibrium between traditional culture and international trends, and the society continues to evolve to this day. Korea achieved its rapid growth in the 1960s to 1980s by moving from spiritualism to materialism. It suffered a financial crisis in 1997 when it failed to maintain harmony between cooperativism/collectivism and individualism that had exhibited friction since 1987. As it shifted toward individualism, Korea transformed to an Internet-based society while recovering from the crisis and recession in a short span of time between 1999 and 2000. After an overall success in implementing a series of reform projects, Korea has been tackling its next challenge -- finding a new harmonization between moralism and legalism. Korea’s ups and downs over the past forty years clearly reflect the Yin-Yang principle applied to its economic development.

저자소개

Ho-Chul Lee closely observed and was involved in Korea’s development process, serving in the Korean government since 1980. On the Economic Planning Board, his work included designing a plan for rapid economic growth. Shortly before the financial crisis, Lee observed the Korean economy carefully, while working to establish KAMCO, an agency that resolves non-performing loans in financial sector. In his book “Korea is Still Active Despite the Economic Crisis,” which was honored with an economic publication prize, Lee predicted that a foreign exchange crisis would occur at the end of 1997. Following the crisis, he tackled reform and recovery plans in the Ministry of Finance and Economy as a director of the Economic Policy Bureau. Mary P. McNulty added her insights based on her experience at the Federal Reserve Board and her interests in European and U.S. economic development.

1. Introduction: Globalization, Culture, and East Asia Part I A New Approach to Development Based on East Asia"s Traditional Philosophies2. East Asians’ Living Space3. Yin and Yang Theory and Modern Economics4. Application to the Korean Economy Part II Korea"s Economic Crisis and Dynamic Cultural Transition toward Individualism5. Three Questions on the Korean Financial Crisis6. The Causes of the Crisis7. Conflict between Individualism and Cooperativism/Collectivism Part III Korea"s Information and Communication Technology Boom, and Cultural Transition After the Crisis8. Rapid Recovery After Severe Recession9. Information and Communication Technology Boom10. The Causes of Rapid Development of ICT11. The Internet and Cultural Transition Part IV Assessment of Reforms and the Emerging Issue of Corruption12. Assessment of Korea’s Economic Reform13. Financial Scandals and Capital Market Development14. Why Does Corruption Appear to Be Increasing in Korea?15. Cultural Factors and Transparency 16. Implications: Message from East Asia’s Ups and DownsBibliographyAnnexes 　　　　　　　　　　　　　　　　　　　　　　　　

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