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The Korean economy is beset with problems caused by increasingly tough international competition on the one hand, and years of undemocratic, strong-armed resource allocation practices on the other. This revised edition offers an analysis and critique of the current state of Korea's economy by Kim Dae Jung, the president of South Korea, has spent decades deeply involved in Korean politics. In this book, he outlines his goals for reinvigorating his country's economy and making South Korea a leading economic power in the global marketplace.Chapters: My Vision for the Korean Economy; The Goal and Basic Principles of my Reform Program; A Brief History of the Post-War Korean Economy; The Economic Policies of Park Chung Hee and Chun Doo Hwan; Korea's Economy under Roh Tae Woo; Price Stability: A Foundation for Sustained Growth; Parasitic Land Speculation and the Housing Problem; Liberalization of the Financial Sector: The Keystone to Further Reforms; Reforming the Fiscal Structure for Equity and Efficiency; The Export Crisis and a Fundamental Solution; Large Enterprises vs. Small-Medium-Sized Firms: Toward a Division of Roles; From an Authoritarian to a Cooperative Labor-Management Relationship; How Can We Revive Our Dying Rural Economy?; Education, Science and Technology for the 21st Century; Distributional Justice and Social Welfare; Summing Up: The Road to Becoming the World's Eighth Largest Economic Power.Co-published with The Center for International Affairs, Harvard.