HARVARD EAST ASIAN MONOGRAPHS
Cover: Public Finance During the Korean Modernization Process in HARDCOVER

Harvard East Asian Monographs 107

Public Finance During the Korean Modernization Process

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Product Details

HARDCOVER

$31.50 • £24.95 • €28.40

ISBN 9780674722330

Publication: May 1986

Short

364 pages

6 x 9 inches

11 line drawings, 1 halftone, 103 tables

Harvard University Asia Center > Harvard East Asian Monographs

World

This final volume in the series Studies in the Modernization of the Republic of Korea, 1945–1975, is an analysis of the contribution of tax and expenditure policy to Korea’s rapid economic development during the 1953–1975 period. Based upon specially compiled and comprehensive revenue and expenditure data, the authors first trace the history of Korean fiscal policy during the modernization period and then examine how Korea’s fiscal development has differed from that of other countries. The results of the analysis show that Korea did not follow the traditional path of a steadily increasing tax effort, reliance on direct taxes, and emphasis on income distribution. Instead, through improved tax administration and expenditure control, the savings rate was increased dramatically.