In This Review

Korea: Problems and Issues in a Rapidly Growing Economy
Korea: Problems and Issues in a Rapidly Growing Economy
By Parvez Hasan
Johns Hopkins, 1976, 277 pp.

A solid account by a World Bank economist of the reasons behind the phenomenal growth of the economy of the Republic of Korea over the past decade, and a worried glance at the problems looming on the horizon. The book unfortunately does not highlight one of the most impressive - and least noted - achievements of the South Koreans: equitable growth. The gap between urban and rural household incomes, very high in most underdeveloped countries, was eliminated by 1974. It would be interesting to explore the question of whether such equitable growth within a free market economy could be duplicated elsewhere.