Economic Growth and Structure in the Republic of Korea
By Paul W. Kuznets
Yale University Press, 1977, 238 pp
Korean Pheonix: A Nation From the Ashes
By Michael Keon
Prentice-Hall, 1977, 234 pp
Kuznets is scholarly, cautious and detached. Keon is an Australian journalist enraged at what he considers to be the superficial American reporting on South Korea, and he has written a hard-hitting brief for the Park government which deserves to be widely read. He paints a vivid picture of the South Korean president who sounds more like a puritan than a fascist and whose model seems to be the Meiji emperors of Japan, not Charles I. Kuznets, the son of the famous development economist, points out that the South Korean growth rates under the present regime have been among the world's highest. Also, as others have observed, growth in South Korea has been unusually equitable.