CONTENTS
FOREWORD = Ⅴ
PREFACE = xxvii
ONE Introduction = 1
TWO Modernization in the Third World and in Korea = 30
THE THIRD WORLD = 31
KOREA = 40
CONCLUSION = 54
THREE The Historical Foundations of Modern Economic Growth = 58
THE ECONOMIC AND SOCIAL STRUC-TURE OF TRADITIONAL KOREA = 60
THE IMPACT OF JAPANESE COLONIALISM = 74
ECONOMIC GROWTH, 1910-1945 = 75
TRADE AND INCOME DISTRI-BUTION = 83
THE DIVISION OF THE NATIQN = 86
CONCLUSION = 89
FOUR Economic Development in MacroeconomicTerms, 1953-1976 = 92
ECONOMIC POLICY CHANGES = 94
GROWTH AND STRUCTURAL CHANGE IN NATIONAL PRODUCT = 97
THE DOMESTIC RESOURCE GAP AND INFLOWS OF FOREIGN CAPITAL = 103
THE GROWTH OF EMPLOYMENT = 108
INFLATION AND RELATIVE PRICE CHANGES = 110
SOURCES OF GROWTH : FACTORS OF PRODUCTION = 115
COMPARISONS WITH OTHER COUNTRIES = 120
CONCLUSION = 123
FIVE Industrialization and Foreign Trade = 125
THE EVOLUTI0N OF INCENTIVE POLICIES = 126
EFFECTIVE EXCHANGE RATES FOR EXPORTS AND IMPORTS = 132
PATTERNS OF EXPORT EXPANSION = 135
THE GROWTH OF IMPORTS = 140
THE PATTERN OF INDUSTRIALI-ZATION = 142
SOURCES OF INDUSTRIALIZATION = 149
NOMINAL AND EFFECTIVE PRO-TECTION RATES = 154
FACTOR UTILIZATION AND EFFICIENCY 158
CONCLUSION = 163
SIX Foreign Assistance and Korean Development
THE EARLY AID PROGRAMS, 1945-1953 = 167
POST-WAR FOREIGN ASSISTANCE = 181
AID PROGRAMS AND POLICIES IN THE HIGH-AID DECADE, 1953-1962 = 192
RESTRUCTURING AND REDUCING THE AID RELATIONSHIP = 197
CONCLUSION 203
SEVEN Rural Development = 209
THE SOURCES OF AGRICULTURAL GROWTH = 213
LAND DEVELOPMENT = 218
LABOR = 220
FERTILIZER AND OTHER CURRENT INPUTS = 222
PRODUCTIVITY AND THE "RESIDUAL" = 224
FARM PRODUCTIVITY IN INTER-NATIONAL PERSPECTIVE = 226
GOVERNMENT PLANNING AND INVESTMENT = 228
RURAL CREDIT = 231
GRAIN PRICE POLICY = 234
LAND REFORM = 237
THE QUALITY OF RURAL LIFE = 240
CONCLUSION = 241
EIGHT Government and Business
THE COLONIAL HERITAGE = 245
GOVERNMENT AND BUSINESS DURING THE RHEE REGIME = 249
GOVERNMENT ECONOMIC DECISION-MAKING = 250
IMPLEMENTATION OF ECONOMIC POLICY = 263
PUBLIC ENTERPRISE = 272
PRIVATE ENTERPRISE = 275
PRIVATE ECONOMIC POWER = 285
CONCLUSION = 292
NINE Korean Fiscal and Financial Develop-ment
THE COLONIAL LEGACY = 297
THE WAR AND INTER-WAR YEARS = 300
POST-WAR DEVELOPMENTS : AN OVERVIEW = 304
GOVERNMENT EXPENDITURES = 306
THE EVOLUTION OF GOVERNMENT
REVENUE POLICIES = 314
TAX ADMINISTRATION = 319
DISTRIBUTIONAL CONSEQUENCES OF THE FISCAL SYSTEM = 322
THE FINANCIAL SYSTEM = 326
INFLATION AND REPRESSION, 1953-1960 = 328
FINANCIAL EXPANSION AND CRISIS, 1961-1964 = 329
FINANCIAL REFORM AND EX-PANSION = 333
INSTABILITY AND INSTITUTIONAL CHANGE = 337
CONCLUSION = 339
TEN Education
THE DEVELOPMENT OF EDUCATION = 343
THE REASONS BEHIND EXPANSION = 351
CHARACTERISTICS OF KOREAN EDUCATION = 359
EDUCATION AND DEVELOPMENT = 363
INDIVIDUAL MODERNIZATION AND INSTITUTIONAL EFFECTS OF EDUCATION = 372
ELEVEN Population, Urbanization, and Health = 379
AN OVERVIEW = 380
THE DEMOGRAPHIC TRANSITION = 383
URBANIZATION = 391
HEALTH = 396
CONCLUSION = 406
TWELVE Income Distribution = 408
KOREAN INCOME DISTRIBUTION DATA = 409
RURAL INCOME DISTRIBUTION = 419
URBAN WAGE AND SALARY INCOME DISTRIBUTION = 424
URBAN-RURAL INCOME DIFFER-ENTIALS = 425
BUSINESS INCOMES = 429
EDUCATION AND DISTRIBUTION = 434
THE INCIDENCE OF GOVERNMENT TAX AND EXPENDITURE POLICY = 436
THE IMPACT OF DISTRIBUTION ON GROWTH = 440
CONCLUSION = 442
THIR-TEEN Summary and Conclusions = 445
KOREAN DEVELOPMENT BEFORE WORLD WAR Ⅱ = 446
AMERICAN MILITARY AND ECONOMIC ASSISTANCE = 453
AMERICAN ASSISTANCE, 1953-1963 = 460
THE ECONOMIC TAKEOFF IN KOREA = 464
SOURCES OF GROWTH = 466
AGRICULTURAL DEVELOPMENT = 478
THE BENEFICIARIES OF KOREA'S GROWTH = 481
THE ROLE OF GOVERNMENT IN KOREAN ECONOMIC DEVELOPMENT = 484
FUTURE PROSPECTS = 489
NOTES = 503
BIBLIOGRAPHY = 525
INDEX = 535
