Emerging economies can learn a lot from how the Republic of Korea faced down the financial crises of 1997 and 2008, and emerged from hard economic slowdown stronger than ever.

Painful macroeconomic and financial reforms plugged structural weaknesses and restored investor confidence, and have put Korea in a better position to weather similar shocks, offering lessons for emerging Asian economies.

Read the transcript

http://bit.ly/2G4YerO

Read the working paper

https://www.adb.org/publications/twenty-years-after-financial-crisis-korea

About the author

Jong-Wha Lee is a professor of economics and director of the Asiatic Research Institute at Korea University.

Know more about ADBI’s work on the Republic of Korea

http://bit.ly/2B7KmJz