The financing pattern in the Korean industrialization

Vol. 14 No. 3 (1994)

Jul-Sep / 1994
Published July 1, 1994
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Canuto, Otaviano. 1994. “The Financing Pattern in the Korean Industrialization”. Brazilian Journal of Political Economy 14 (3):339-53.

The financing pattern in the Korean industrialization

Otaviano Canuto
Do Instituto de Economia da Universidade de Campinas – Unicamp, Campinas/SP, Brasil.
Brazilian Journal of Political Economy, Vol. 14 No. 3 (1994), Jul-Sep / 1994, Pages 339-353


This paper sketches some basic features of the pattern of finance prevailing
during the Korean process of heavy industrialization in the seventies, as well as the financial
restructuring by which the Korean economy managed to cross over the foreign debt crisis in
the eighties. Emphasis is laid upon Korean privatization of state banking and corresponding
foreign liabilities, as contrasted to the state absorption in the Brazilian case.

JEL Classification: O53; L52.

Keywords: Industrialization investment banks sector credit