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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?


To: Esvida who wrote (588)1/10/1998 10:30:00 PM
From: Geoff Nunn  Read Replies (1) | Respond to of 9980
 
A1, re the failures of industrial policy in S. Korea, see "Tight Little Island" in Jan 12 Forbes:

forbes.com

The article suggests that govt guarantees and directed industrial policy led the Korean chaebol to take ridiculous chances with borrowed funds. This, of course, is the theme Paul Krugman hits on in the " Economist" article. BTW, I thought that was a great link.

Geoff