The ROK ecomy has experienced rapid growth in the last 30 years. Analyzing the important issues which have been raised by this growth is of interest to other developing areas of the world. The contributors to this work are well placed specialists in Korean studies in Korea and the United States. The ROK ecomy is located in the midst of the Pacific Basin, the most promising part of the developing world. Recently, the ecomy has moved into more highly sophisticated markets, as well as into the global financial markets. However, an increasing number of concerns have been raised, charging that the progress has been too rapid, too materialistic, and too inequitable. These criticisms have been compounded by the problems of political dissent and instability in the region.
SUNG YEUNG KWACK is a Professor of Economics at Howard University, and has widely published on various economic subjects, many of which have a bearing on Korea.