Sung-Hee Jwa – författare

By presenting a general theory that goes beyond mainstream and ad hoc economic theories, Sung-Hee Jwa provides a new way to look at capitalism beyond the Marxian interpretation, explaining why some economies develop and others don''t. The book identifies markets, government and corporations as the ''holy trinity of economic development'', that is, the three most important institutions that must work together via economic discrimination to steer the economy towards real transformative progress. It also warns against the current trend of economic egalitarianism or ''not treating differences differently'' because it destroys economic incentives and results in an array of economic problems including growth stagnation and worsening income distribution.

The theory presented in this book and its implications for development management will be an invaluable resource for development economists, scholars, instructors, researchers and policymakers.

This book provides a unique and refreshing look at the Korean economy over the past 60 years. While most books and articles on the Korean economy would be technical or specifically address some aspect of Korea, this book takes an overarching view of Korea’s economic development. It assesses Korea’s economic take-off in the 1960s and 1970s, but also views the problems of ‘economic egalitarianism’ since the late-1980s to today. The book begins by listing and dispelling a number of important myths of the Korean economy and concludes by providing eight important ‘lessons’ derived from Korea’s experiences for developed as well as developing countries.