In the early 1990s, South Korea was showcased as a country that had combined extraordinary economic growth with a narrowing of income distribution, achieving remarkably low rates of unemployment and poverty. In the years following the financial crisis of 1997 1998, however, these rates ballooned to pre-crisis levels, giving rise to the perception that the gap between the rich and the poor in Korea had once again widened.
"Income Inequality in Korea" explores the relationship between economic growth and social developments in Korea over the last three decades. Analyzing the forces...
In the early 1990s, South Korea was showcased as a country that had combined extraordinary economic growth with a narrowing of income distribution,...
