Economic Miracle Market South Korea

Schneidewind, Dieter

doi:10.1007/978-981-10-0615-9

Cited by 3 publications

(2 citation statements)

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“…Its record of rapid economic development was applauded by development experts (Attar & Kazemi, ; Lucas Jr, ; Pack & Nelson, ; Stiglitz, ). The fact that many country leaders in Africa, Asia, and Latin America expressed their hope to emulate Korea's success, made its leadership of the GG movement particularly important (Asongu, ; Jwa, ; Schneidewind, Schneidewind, & Schneidewind, ).…”

Section: South Korea's Gg Initiativementioning

confidence: 99%

The rise and fall of green growth: Korea's energy sector experiment and its lessons for sustainable energy policy

Byrne

2019

WIREs Energy & Environment

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The idea of "green growth" has received international attention for more than a decade as a promising solution to a distinctly modern problem: a century of unparalleled increases in wealth based on equally unparalleled innovations in energy technology accompanied by global environmental threats such as climate change and persistent socioeconomic inequality. The green growth premise is that this problem can be solved without surrendering continued economic growth by a redirection of human effort to invent green energy technology, green energy markets, and green energy choice. Proponents have argued that green-energy based economic growth represents a paradigm shift bringing forth sustainable and equitable relations between environment, economy, and society. The paper reviews a decade of green energy growth strategies and practices. The Korean Green Growth Initiative (KGGI) is investigated as a case study of green energy growth operationalization. Korea's experiment was widely hailed by international bodies such as The Organization for Economic Cooperation and Development (OECD) and United Nations Department of Economic and Social Affairs (UNDESA) for its bold attempt at paradigm shift, with the hope that, if it succeeded, countries currently on the periphery of modern development would be able to overcome conditions of poverty, environmental degradation, and political dependency. But our analysis of the Korean case questions the idea and ideology of green energy growth, demonstrating instead that KGGI was quickly coopted by the paradigm it was supposed to supplant. In this respect, one contradiction in the strategy and practice of green energy growth has been its promise to change the trajectory of modern development without requiring serious changes in modern values and ideology.

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Section: South Korea's Gg Initiativementioning

confidence: 99%

The rise and fall of green growth: Korea's energy sector experiment and its lessons for sustainable energy policy

Byrne

2019

WIREs Energy & Environment

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“…See for instanceChu (2018) orSchneidewind (2016). More oriented towards policy, see alsoKong (2000).https://doi.org/10.1017/9781009285735 Published online by Cambridge University Press…”

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confidence: 99%

Institutional Challenges at the Early Stages of Development

Bourguignon,

Platteau

2023

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Despite strong interest in the role of institutions; methods of operation, underlying political forces and their precise nature are still misunderstood. Partial analysis of specific aspects of public interventions simplified historical examples, or rough cross-country relationships tend to be the main guides to policy recommendations. Along with four in-depth country studies, published in companion volumes, Institutional Challenges at the Early Stages of Development gives a thorough review of the experiences of South Korea and Taiwan, offering a new perspective for identifying critical institutional issues. Including those related to state-business relations and the economic structure, and its transformation, analytical tools and concept are provided to help diagnose important hurdles at the early stage of a country's development. This title is also available as Open Access.

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The end of the globalization erа, deglobalization, “new” globalization, or transition to noospheric co-development?

BILORUS¹,

VLASOV²,

GASANOV³

et al. 2020

Fìnansi Ukr.

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The article highlights the controversial issues of the state, contradictions and trends of modern globalization in the face of new challenges and threats associated with political, immigration, pandemic, climate, economic and trade shocks – Britain’s exit from the EU, the implementation of the US President’s policy “America Above All”, the beginning of trade de-globalization as a result of the revision of free trade agreements (FTAs) and the trade “war” between the United States and China, the impact of the global COVID-19 pandemic and climate change on deepening the global economic recession, the collapse of national economies and international trade, lack of financial resources for active government support of the health care systems, social protection, small and medium-sized businesses. Political, economic, managerial and academic circles are actively discussing the problems of the “end” of globalization, de-globalization, “new” globalization, the need for a “new world order”, which will actually embody the fundamental values of democracy, economic freedom, free trade and, at the same time, will strengthen social responsibility of the world community and its international institutions, the main geopolitical, geo-economic and military centers of power (primarily the United States, China, the European Union, Russia, etc.) for the preservation of peace on the basis of consensus, recognition of global priorities in countering climatic and epidemic threats to human life on Earth , consistent implementation of the Sustainable Development Goals to eradicate poverty in all its forms and manifestations, combat inequality within and between countries, ensure continuous, inclusive and sustainable economic growth and promote social inclusion. The article drew attention to the strengthening of the trends of protectionism and economic nationalism, in particular, the US withdrawal from the Trans-Pacific Partnership agreement and attempts to revise the North American Free Trade Agreement (NAFTA). The article shows the loss of the US leadership in world trade due to the accelerated economic development of other countries, primarily the Asian region. The discussion of these problems at the Davos Economic Forum led to the conclusion about the likely end of Atlanticism and globalization. At the same time, the UN report (2018) highlighted a special section on trade hyperglobalization. The article hypothesizes that the Bali Round (2013) of negotiations on trade began the fourth wave of its globalization, and proposes a new theory of international trade – the theory of globalization impact.

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Economic Miracle Market South Korea

Cited by 3 publications

References 0 publications

The rise and fall of green growth: Korea's energy sector experiment and its lessons for sustainable energy policy

The rise and fall of green growth: Korea's energy sector experiment and its lessons for sustainable energy policy

Institutional Challenges at the Early Stages of Development

The end of the globalization erа, deglobalization, “new” globalization, or transition to noospheric co-development?

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