Economic Development Patterns, Inflations, and Distributions

Taylor & Francis

Economic Development Patterns, Inflations, and DistributionsWith Application to Korea (ROK) and Taiwan (ROC)\nAuthor(s): Byung Ok Lim\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138369559, 978-1138369559\nSynopsis\nThe focal point of this study, first published in 1991, is to investigate the effect of growth patterns on inflation and the distribution of income through inductive examination of the particular experiences in Korea and Taiwan. Both countries are regarded as models of successful industrialization, but contrast significantly in the matter of their development strategy yielding a more equitable distribution of income, along with a moderate inflation from the benefits of economic growth. Korea experienced considerable rates of inflation and a worsening of the distribution of income, while Taiwan avoided both economic evils. This book analyses how Taiwans economy managed to reconcile growth with inflation and distri.