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Contemporary South Korean Economy: Challenges and Prospects

In Contemporary South Korean Economy, Chiang provides a critical analysis of the Republic of Korea’s economic development in the two most recent decades. Chiang highlights that most of the literature on the Republic of Korea’s economy focuses on the country’s substantial economic growth periods between the 1960s and 1980s; yet, there is little literature that discusses Republic of Korea’s post-industrialization period. Examining the recent economic performance of the country is important because policymakers can observe whether the Republic of Korea’s export-oriented policies were sustainable in the long-run. This book aims to investigate the core economic structures of the country and issues after attaining its post-war industrialization. Contemporary South Korean Economy is a necessary addition to literature on the country’s miraculous growth.

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Corruption and the business environment in Viet Nam: An exploratory survey

This paper examines the effect of corruption on the business environment in Viet Nam. Our survey of firms operating in Viet Nam suggests that corruption is perceived as the most severe business constraint for their operation. Also, corruption has a significant negative association with the overall satisfaction of the business environment in Viet Nam. Such results support the hypothesis that corruption has a “sand the wheel” effect on firms’ business activities. While this paper sheds light on the importance of corruption, it would be useful to conduct follow-up studies to examine corruption and its impact in more detail. Such studies could be conducted in those segments that most severely suffer from corruption according to our survey, i.e., medium-sized enterprises, hotel/restaurant and construction sectors, Hanoi based, and Vietnamese owned firms.

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