South Korea has been held out as an economic miracle—as a country that successfully completed the transition from underdeveloped to developed country status—and as an example of how a middle-income country can continue to move up the technology ladder into the production and export of more sophisticated goods and services. But with these successes have come challenges, among them poverty, inequality, long work hours, financial instability, and complaints about the economic and political power of the country’s large corporate conglomerates, or chaebol. The Korean Economy provides an overview of Korean economic experience since the 1950s, with a focus on the period since democratization in 1987. Successive chapters analyze the Korean experience from the perspectives of political economy, the growth record, industrial organization and corporate governance, financial development and instability, labor and employment, inequality and social policy, and Korea’s place in the world economy. A concluding chapter describes the country’s economic challenges going forward and how they can best be met. The volume also serves to summarize the findings of companion volumes in the Harvard–Korean Development Institute series on the Korean economy, also published by the Harvard University Asia Center.
Examines the role of rural development in the overall development of the Korean economy. Separate chapters focus on the growth of agricultural productivity; sources of agricultural growth; regional agricultural production and income; government investment policy; agricultural credit policy; farm price policy; the role of local government; land reform; rural living standards; and off-farm migration. This is one of the studies on the economic and social modernization of Korea undertaken jointly by the Harvard Institute for International Development and the Korea Development Institute.
Explores the economic and social development of Korea, primarily in the twentieth century. Includes extensive statistical data. Examines the impact of Japanese colonialism and subsequent macroeconomic development, industrialization, rural development, fiscal and financial development, income distribution, the development of foreign trade, the role of education, foreign assistance, and urbanization. Includes 134 tables and 10 figures summarizing historical statistical data.
Agricultural Development in China explains how China's farm economy historically responded to the demands of a rising population. Dwight H. Perkins begins in the year A.D. 1368, the founding date of the Ming dynasty. More importantly, it marked the end of nearly two centuries of violent destruction and loss of life primarily connected with the rise and fall of the Mongols. The period beginning with the fourteenth century was also one in which there were no obvious or dramatic changes in farming techniques or in rural institutions. The rise in population and hence in the number of farmers made possible the rise in farm output through increased double cropping, extending irrigation systems, and much else. Issues explored in this book include the role of urbanization and long distance trade in allowing farmers in a few regions to specialize in crops most suitable to their particular region. Backing up this analysis of agricultural development is a careful examination of the quality of Chinese historical data. This classic volume, now available in a paperback edition, includes a new introduction assessing the continuing importance of this work to understanding the Chinese economy. It will be invaluable for a new generation of economists, historians, and Asian studies specialists and is part of Transaction's Asian Studies series.
The economic growth of South Korea has been a remarkable success story. After the Korean War, the country was one of the poorest economies on the planet; by the twenty-first century, it had become a middle-income country, a member of the Organization of Economic Cooperation and Development (the club of advanced economies), and home to some of the world’s leading industrial corporations. And yet, many Koreans are less than satisfied with their country’s economic performance, given the continuing financial volatility and sluggish growth since the Korean economic crisis of 1997–1998. From Miracle to Maturity offers a comprehensive qualitative and quantitative analysis of the growth of the Korean economy, starting with the aggregate sources of growth (growth of the labor force, the stock of capital, and productivity) and then delving deeper into the roles played by structural change, exports, foreign investment, and financial development. The authors provide a detailed examination of the question of whether the Korean economy is now underperforming and ask, if so, what can be done to solve the problem.
This history began as a small pedigree assembled as a birthday gift for my late father-in-law, Colonel Henry Perkins Gantt (1894-1983) of Holly Rod, Gloucester Point, Virginia, on his 72nd birthday, 29 April 1966. With continued research over the past 47 years, it has grown to encompass the history of nearly the complete descendants of Thomas Gantt (ca. 1634-1692), transported to Maryland in 1654, and his second wife, Ann Fielder (ca. 1662-1726), through at least the first six generations, and, in many lines, extending down through the eighth and succeeding ones as well. In a project of this enormous size and scope, there are bound to be errors and omissions that the author leaves to future historians of the family to correct, as well as to extend and continue the narrative. Where critical, probative information is sourced to original archives, but the sheer volume of data makes this by necessity incomplete.
The Economic Transformation of China is a collection of essays written by an eminent observer of the Chinese economy. The book covers the Chinese transformation beginning in the 1950s and continuing through the second decade of the twenty-first century. It includes an analysis of the forces that held China back before 1949, the nature of the economy as it operated under the Soviet model of development, and the transformation since 1978 into a “socialist market economy.” The essays of the post-1978 era reflect the author's view of the state of the reform effort at the time the essay was written and carries the story up to the 2012-2013 slowdown in economic growth.
Although China's centrally planned economy is a little more than a shadow of its former self, the closely inter-linked reforms of the enterprise and banking sectors are still incomplete. The relative size of the state-owned enterprise sector has been much reduced, however, the sector remains the dominant borrower from the banking system and is responsible for the majority of bank non-performing assets. Thus in the interests of financial stability it is crucial to implement the remaining reform agenda. The accession to the WTO has also made it more urgent for China's most-dynamic state-owned en.
In the early 1960s, fewer than five percent of Japanese owned automobiles, China’s per capita income was among the lowest in Asia, and living standards in South Korea’s rural areas were on par with some of the world’s poorest countries. Today, these are three of the most powerful economies on earth. Dwight Perkins grapples with both the contemporary and historical causes and consequences of the turnaround, drawing on firsthand experience in the region to explain how Asian countries sustained such rapid economic growth in the second half of the twentieth century. East Asian Development offers a comprehensive view of the region, from Japan and the “Asian Tigers” (Hong Kong, Singapore, Taiwan, South Korea) to Indonesia, Vietnam, Thailand, Malaysia, and China—a behemoth larger than all the other economies combined. While the overall picture of Asian growth is positive, no single economic policy has been effective regionwide. Interventionist policies that worked well in some countries failed elsewhere. Perkins analyzes income distribution, to uncover why initially egalitarian societies have ended up in very different places, with Japan, for example, maintaining a modest gap between rich and poor while China has become one of Asia’s most unequal economies. Today, the once-dynamic Japanese and Korean economies are sluggish, and even China shows signs of losing steam. Perkins investigates whether this is a regional phenomenon or typical of all economies at this stage of development. His inquiry reminds us that the uncharted waters of China’s vast economy make predictions of its future performance speculative at best.
Colonial Chesapeake Families: British Origins and Descendants Harrison Dwight Cavanagh The first edition was awarded the Sumner A. Parker Prize by the Maryland Historical Society in 2014. The second edition of this work features all descendants of Thomas Gantt I (b. Bullwick, N. Hants; to Md. 1654; d. Calvert County, 1692) and Ann Fielder (b. ca. 1662 Hants; d. Prince Georges County, 1726) in the first six to ten generations. Ann Fielder is an important new addition to American colonial Gateway ancestors. Her parents, Capt. William Fielder (ca. 16201679) of Burrough Court Manor and Marjorie Cole (16281699) of Lyss Abbey, Hants, have proven multiple royal and Magna Carta ancestral lines; sixty extensive British pedigrees are documented in these volumes. The name Fielder has been inherited in multiple generations of the Beall, Belt, Berry, Bowie, Calvert, Clagett, Denwood, Dorsett, Gantt, Jones (Somerset County), Parker (Calvert County), Smallwood, Smith (Calvert County), and Wight (White) Maryland families. In addition, this second edition contains important new research findings on the British origins of the Hatton-Domville and Brooke-Darnall families, as well as revealing the two lost Ann Bradfords of Prince Georges County. Colonial Chesapeake Families details the pedigrees of eighty-eight families, historical illustrations, portraits, documents, and coats of arms (where proven) are included. The publication of these volumes has been subsidized to make them more widely available to the thousands of descendants listed in their pages. And thanks to print on demand, Colonial Chesapeake Families will never go out of print.
In the early 1960s fewer than five percent of Japanese owned automobiles, China's per capita income was among the lowest in Asia, and living standards in rural South Korea put it among the world's poorest countries. Today, these are three of the most powerful economies on earth. Dwight Perkins draws on extensive experience in the region to explain how Asia sustained such rapid economic growth in the second half of the twentieth century. East Asian Development covers Japan, South Korea, Hong Kong, Singapore, and Taiwan, as well as Indonesia, Vietnam, Thailand, Malaysia, and China--a behemoth larger than the other economies combined. While the overall picture of Asian growth is positive, no single economic policy has been effective regionwide. Perkins uncovers why some initially egalitarian societies have ended up in very different places, with Japan, for example, maintaining a modest gap between rich and poor while China has become one of Asia's most unequal economies. With Korean and Japanese growth sluggish and China losing steam, Perkins asks whether this is a regional phenomenon or typical of all economies at this stage of development. His inquiry reminds us that the uncharted waters of China's vast economy make predictions speculative at best.
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