Economic Development Patterns, Inflations, and Distributions

Download or read book Economic Development Patterns, Inflations, and Distributions written by Byung Ok Lim and published by Routledge. This book was released on 2018-10-29 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 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 Taiwan’s economy managed to reconcile growth with inflation and distribution and why Korea could not achieve similar performance.