Planning with Facts: The Case of Korea

Korean economic planning has been more a process of experimentation than the orderly, repetitive sequence of calculations usually associated with the term planning. This was almost inevitable in view of the conditions in the South Korean economy in recent years. The rate of economic expansion has ac...

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Bibliographic Details
Published in:The American economic review 1970-05, Vol.60 (2), p.59-64
Main Author: Norton, Roger D.
Format: Article
Language:English
Subjects:
Bank accounts
Budgetary resources
Economic planning
Economic policy
Financial investments
Financial planning
Geographic regions
Input output models
Investment plans
Korea (Republic)
Planning
Programming Models of National Economies
Regional planning
Savings
Studies
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Summary:Korean economic planning has been more a process of experimentation than the orderly, repetitive sequence of calculations usually associated with the term planning. This was almost inevitable in view of the conditions in the South Korean economy in recent years. The rate of economic expansion has accelerated at a pace impossible to foresee, and significant policy reforms have been undertaken in several areas. As a consequence, the planners assessments of the constraints to development-and to some extent the goals of economic policy-have changed.
ISSN:0002-8282
1944-7981