{"product_id":"136039","title":"What the country should and should not do ","description":"\u003ccenter\u003e\u003cdiv style=\"text-align:center\"\u003e\u003cimg src=\"https:\/\/tmgdisk01.cafe24.com\/images\/vs\/4172\/sv\/3jYC5yvI5OOyyhD4fs8k4kiXOSvK8S.png?v=1765127977\" style=\"max-width:100%;max-height:10px\"\u003e\u003c\/div\u003e\u003c\/center\u003e\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\u003ccenter\u003e\n\n\u003cdiv style=\"width:95%\"\u003e\n\n\u003cdiv style=\"text-align:center;font-size:30px;font-weight:bolder;line-height:1.6em\"\u003e What the country should and should not do \u003c\/div\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003cdiv style=\"border-bottom:1px;border-bottom-style:dotted;border-color:;padding-bottom:20px\"\u003e\u003ccenter\u003e\u003ctable align=\"center\" width=\"100%\"\u003e\u003ctbody style=\"border:0px\"\u003e\n\n\u003ctr\u003e\u003ctd align=\"center\" style=\"line-height:1.2em;text-align:center;font-size:18px;color:black;font-weight:bold;padding-bottom:20px;\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\n\n\u003ctr\u003e\u003ctd style=\"text-align:center\"\u003e\u003cimg src=\"https:\/\/image.yes24.com\/momo\/TopCate98\/MidCate10\/9792642.jpg\" style=\"max-width:100%;height:auto\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\n\n\n\u003c\/tbody\u003e\u003c\/table\u003e\u003c\/center\u003e\u003c\/div\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003cdiv style=\"width:95%;{split_style6}padding-top:20px;padding-bottom:20px\"\u003e\n\n\u003cdiv style=\"text-align:left;font-size:16px;font-weight:bold;padding-bottom:20px\"\u003e Description \u003c\/div\u003e\n\n\u003cdiv style=\"text-align:left;word-break:break-all;font-size:14px;line-height:1.6em;\"\u003e\n\n\u003cdiv\u003e\u003ch5\u003e \u003cb\u003eBook Introduction\u003c\/b\u003e\n\u003c\/h5\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cdiv\u003e  \u003cdiv\u003e\n\u003cb\u003eEstablish the right intentions and lead people on the right path.\u003cbr\u003e\u003cbr\u003e This is the path that the country and public officials should take!\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e This book was written by former Deputy Prime Minister and Minister of Economy and Finance Kang Kyung-sik, who served as Minister of Finance, Chief of Staff to the President, and member of the 12th, 14th, and 15th National Assembly.\u003cbr\u003e He begins this book by saying, “I have spent the past ten years as an economic leader who failed to prevent the foreign exchange crisis.”\u003cbr\u003e This is a statement made in reference to his time as Deputy Prime Minister and Minister of Strategy and Finance in 1997.\u003cbr\u003e In this book, he candidly reveals his opinions on all the economic policies he and the government pursued before and after the foreign exchange crisis, the standards by which he planned, promoted, and evaluated work during his 30 years in public service, and what the government truly must do for the future development of the Korean economy.\u003cbr\u003e\u003cbr\u003e He is a self-proclaimed orthodox economic bureaucrat. \u003cbr\u003eHe was promoted to the position of Deputy Prime Minister for Economic Affairs in recognition of his contributions to the Korean economy and his career, but in just eight months, amidst the sudden onslaught of the foreign exchange crisis, he was branded an “incompetent Deputy Prime Minister for Economic Affairs” and had to resign from all public posts, remaining silent for over ten years.\u003cbr\u003e In the book, he does not shift this responsibility to anyone.\u003cbr\u003e However, it only lists what the country should do and what it should not do.\u003cbr\u003e Also, as an economic expert and a public official who has served the country, he is simply expressing his voice.\u003cbr\u003e\n\n\u003c\/div\u003e\n\u003c\/div\u003e\u003c\/div\u003e\n\u003cbr\u003e\u003cdiv\u003e\u003ch5\u003e \u003cb\u003eindex\u003c\/b\u003e\n\u003c\/h5\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e preface\u003cbr\u003e\u003cbr\u003e \u003cb\u003eChapter 1: Becoming Deputy Prime Minister for Economic Affairs\u003c\/b\u003e\u003cbr\u003e Emergency measures to put out the fire\u003cbr\u003e Austerity policies to curb imports\u003cbr\u003e Strengthening public relations and establishing a cooperative system\u003cbr\u003e Unemployment measures\u003cbr\u003e National Task 21: Building a Foundation for a Leap Forward: An Open Market Economy\u003cbr\u003e Overseas Focus: Non-Performing Loan Countermeasures\u003cbr\u003e Promotion of financial reform\u003cbr\u003e Don't go bankrupt \u003cbr\u003eIMF assesses the Korean economy as sound.\u003cbr\u003e Korea helplessly caught in the northward-moving typhoon\u003cbr\u003e Korea in a liquidity trap\u003cbr\u003e\u003cbr\u003e \u003cb\u003eChapter 2: Creating the Criminal\u003c\/b\u003e\u003cbr\u003e South Korea's Falling Economy: From Request for IMF Support to Agreement\u003cbr\u003e Last attempt to pass financial reform bill\u003cbr\u003e Change firefighters while putting out a fire\u003cbr\u003e Strange things happened after I quit my position as Deputy Prime Minister.\u003cbr\u003e Requesting IMF support again\u003cbr\u003e The beginning of chaos is a cabinet reshuffle\u003cbr\u003e Collecting guardianship nominations\u003cbr\u003e Things that contributed to early graduation from the IMF\u003cbr\u003e My Guardianship: A Standing in Illusion\u003cbr\u003e Politics is always the problem\u003cbr\u003e\u003cbr\u003e \u003cb\u003eChapter 3: Preparing the National Budget\u003c\/b\u003e\u003cbr\u003e Yes Man and No Man\u003cbr\u003e Even in front of the president, 'no'\u003cbr\u003e How to prepare a budget\u003cbr\u003e Government funds are not 'ownerless money'.\u003cbr\u003e Living on nothing\u003cbr\u003e Matching Income and Expenses\u003cbr\u003e Efforts to improve the budget system\u003cbr\u003e Audit of budget execution\u003cbr\u003e Budget cycle, living on a yearly basis\u003cbr\u003e How I came to work in the budget field\u003cbr\u003e Overseas education opportunities provided by Deputy Prime Minister Kim Hak-ryeol\u003cbr\u003e \u003cbr\u003e\u003cb\u003eChapter 4: The Path to Price Stability\u003c\/b\u003e\u003cbr\u003e An Impossible Task: 3% Price Stability\u003cbr\u003e The 3% target was achieved, but\u003cbr\u003e The inflationary whirlwind brought about by the first oil shock\u003cbr\u003e The Truth and Lies of Price Controls\u003cbr\u003e Problems with administrative regulations\u003cbr\u003e The consumer must be the 'gap'\u003cbr\u003e A shift in price policy that can no longer be delayed\u003cbr\u003e Creating a Basic Framework for Price Stability\u003cbr\u003e Achieve single-digit price stability\u003cbr\u003e\u003cbr\u003e \u003cb\u003eChapter 5: Planning for the Future\u003c\/b\u003e\u003cbr\u003e The first challenge is self-reliant economy\u003cbr\u003e Most of the major national projects are unplanned projects.\u003cbr\u003e The five-year economic development plan is a flag of advancement\u003cbr\u003e The first thing I did as the planning director\u003cbr\u003e Send all officers on overseas inspections\u003cbr\u003e Features of the 4th Plan\u003cbr\u003e Similarities and Differences Between the Five-Year Plan and Budget Compilation\u003cbr\u003e Changing the way investment resources are allocated\u003cbr\u003e Introduction of the health insurance system\u003cbr\u003e Change the way telephone exchanges are done\u003cbr\u003e Tasks reviewed for the future\u003cbr\u003e A good opportunity to study current economic issues\u003cbr\u003e Creating the 5th Five-Year Plan\u003cbr\u003e Inspection of advanced countries\u003cbr\u003e Introduction of full-scale inductive planning techniques\u003cbr\u003e Five-Year Plan Preparation System  \u003cbr\u003eKey points of the 5th plan\u003cbr\u003e Setting the direction for welfare issues\u003cbr\u003e\u003cbr\u003e \u003cb\u003eChapter 6: Process of Developing Stabilization Measures\u003c\/b\u003e\u003cbr\u003e Is there really nothing wrong with our economy?\u003cbr\u003e Our economy is at a turning point.\u003cbr\u003e wait\u003cbr\u003e Seeing Korea's future from the Soviet Union\u003cbr\u003e Stabilization measures finally see the light of day\u003cbr\u003e President Park Chung-hee's dissatisfaction\u003cbr\u003e Stabilization measures finally become government policy\u003cbr\u003e Significance of stabilization policies\u003cbr\u003e The unique process of developing stabilization measures\u003cbr\u003e\u003cbr\u003e \u003cb\u003eChapter 7 Stabilization Policy, the Keynote of the Fifth Republic Policy\u003c\/b\u003e\u003cbr\u003e Austerity is essential for stability.\u003cbr\u003e Food price stability\u003cbr\u003e Financial reform hasn't made any progress\u003cbr\u003e Adjustment of the Deferred Export Support Financing and Economic Coup\u003cbr\u003e Investment in the Heavy Chemical Industry: What's the Problem?\u003cbr\u003e The Fifth Plan and the Fifth Republic's Economic Policy Direction\u003cbr\u003e What changes have the stabilization measures brought about?\u003cbr\u003e\u003cbr\u003e \u003cb\u003eChapter 8: Real-Name Financial Transactions and Tax Reform\u003c\/b\u003e\u003cbr\u003e Short term as Under Secretary of the Treasury\u003cbr\u003e The Jang Young-ja case continues to grow like wildfire.\u003cbr\u003e Be appointed Minister of Finance\u003cbr\u003e The real-name financial system plan is the 7.3 measure.\u003cbr\u003e Why is a real-name financial system necessary?  \u003cbr\u003epersistent opposition to the real-name financial transaction system\u003cbr\u003e Real-name system\u003cbr\u003e They say there is no 'if' in history.\u003cbr\u003e The trickle-down effect of the real-name system controversy\u003cbr\u003e tax reform\u003cbr\u003e\u003cbr\u003e \u003cb\u003eChapter 9: Opening and Tariff System Reform\u003c\/b\u003e\u003cbr\u003e The first open, export-led development strategy\u003cbr\u003e Closed policies hidden within openness\u003cbr\u003e Second opening and import liberalization are not optional but essential.\u003cbr\u003e Public debate surrounding import liberalization\u003cbr\u003e Customs system reform for domestic liberalization\u003cbr\u003e Tariff rates determined through public discussion\u003cbr\u003e Liberalization: A Crossroads for the North and South Korean Economies\u003cbr\u003e The third opening, FTA\u003cbr\u003e Three Presidents Who Created an Open Market Economy\u003cbr\u003e\u003cbr\u003e \u003cb\u003eChapter 10: Responding to Major Financial Accidents\u003c\/b\u003e\u003cbr\u003e A series of large-scale financial accidents continues\u003cbr\u003e Handling of public construction projects\u003cbr\u003e Handling reputational cases through legal procedures\u003cbr\u003e Handling of the Yeongdong Development Case, Which Is Unclear in Principles\u003cbr\u003e Sambo Securities market shortage incident\u003cbr\u003e Improvement of the Certified Public Accountant System\u003cbr\u003e We need to make it routine to deal with bad debts.\u003cbr\u003e\u003cbr\u003e \u003cb\u003eChapter 11: Financial Reform at a Standstill\u003c\/b\u003e\u003cbr\u003e Why was financial reform rushed in the stabilization policy?  \u003cbr\u003eSimultaneous adjustment of interest rates and exchange rates and the June 28th measures\u003cbr\u003e Financial reform efforts during his tenure as Minister of Finance\u003cbr\u003e Finding a way to resolve the conflict between the Ministry of Finance and the Economic Planning Board\u003cbr\u003e Joining the OECD is a good opportunity for financial reform.\u003cbr\u003e Financial reform is being pursued again after 15 years.\u003cbr\u003e\u003cbr\u003e \u003cb\u003eChapter 12: Managing the Economic Crisis\u003c\/b\u003e\u003cbr\u003e Aung San North Korea terrorist attack\u003cbr\u003e The first oil shock and the national bankruptcy crisis\u003cbr\u003e Crisis due to domestic factors\u003cbr\u003e October 26 and the second oil shock\u003cbr\u003e The severe foreign debt crisis\u003cbr\u003e Revision of the Foreign Capital Attraction Act as a fundamental measure\u003cbr\u003e Ubiquitous\u003cbr\u003e\u003cbr\u003e Reviews\u003cbr\u003e References\u003c\/div\u003e\n\u003cdiv\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cbr\u003e\u003cdiv\u003e\u003ch5\u003e \u003cb\u003eInto the book\u003c\/b\u003e\n\u003c\/h5\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e It's been well over ten years since I left public office.\u003cbr\u003e He spent his time in self-restraint as an economic leader who failed to prevent the foreign exchange crisis.\u003cbr\u003e Yet, I couldn't shake the feeling of unease that I was putting off doing the homework I needed to do.\u003cbr\u003e It was because I felt I needed to leave a record of what I experienced while working in the economic field and what I thought while doing these things. \u003cbr\u003eI decided that it was appropriate to record my thoughts, even if it seemed like I was putting myself out there too much.\u003cbr\u003e I felt that even though we worked together, I couldn't determine on my own whether or not he actually thought the same way as me.\u003cbr\u003e I have no intention of claiming that my thoughts are the best or correct.\u003cbr\u003e I decided to simply reveal my thoughts at the time I was working and the thoughts I had when establishing policies.\u003cbr\u003e And just because I thought that doesn't mean it was my idea.\u003cbr\u003e You can't tell where the source is, whether it's something you heard from your boss, colleagues, experts, scholars, businesspeople, or something you saw or heard in a book, report, or media outlet.\u003cbr\u003e If there is something in the book that you agree with or that was done well, please attribute it to us, and if there is something that was done wrong, please attribute it to me. --- From the 'Preface' on pp. 5-6\u003cbr\u003e \u003cbr\u003eHe received his appointment as Deputy Prime Minister for Economic Affairs on March 5, 1997.\u003cbr\u003e It was a time when the whole country was in turmoil due to the prosecution's investigation into the bankruptcy of Hanbo.\u003cbr\u003e Rumors of a financial crisis continued unabated.\u003cbr\u003e The media gave a big story to his brief mention of the need to improve the real-name financial transaction system during a conversation with reporters who had gathered after the announcement of the cabinet reshuffle.\u003cbr\u003e Although it was briefly plagued by a strange problem, the real-name system controversy soon died down when it was decided to change the emergency order that \"not a single character can be changed\" into a law.\u003cbr\u003e When I returned nearly 14 years after leaving the post of Minister of Finance in October 1983, I found that not only the economy but also the organization and operation of the administration had changed significantly.\u003cbr\u003e It is natural to establish policy directions after understanding the changes and work status during the gap period.\u003cbr\u003e Even a simple status report showed that the economic problems were much more serious than outsiders had thought.\u003cbr\u003e There was no time to even understand the details of the work. \u003cbr\u003eOf course, there was no time for extensive and in-depth review and discussion.\u003cbr\u003e Stabilizing the financial market was an urgent task.\u003cbr\u003e We had to quickly come up with special measures that could have immediate effects.\u003cbr\u003e However, there was no groundbreaking solution that could change the situation like the real-name financial transaction system.\u003cbr\u003e As for Hanbo, which is currently in trouble, we decided to deal with it on the principle of bankruptcy first and countermeasures later.\u003cbr\u003e Since the financial market is a domestic issue, there is no need to worry too much because if there is an emergency, there is a way to restore stability by releasing funds from the Bank of Korea or by taking appropriate measures.\u003cbr\u003e The problem was overseas. --- pp.20-21 From 'Becoming Deputy Prime Minister for Economic Affairs'\u003cbr\u003e\u003cbr\u003e As Hanbo went bankrupt, President Kim Young-sam began to suffer from a fear of bankruptcy.\u003cbr\u003e The president always urged people not to default on their duties during business reports.\u003cbr\u003e Less than a week after taking office as Deputy Prime Minister for Economic Affairs in 1997, Sammi Special Steel went bankrupt. \u003cbr\u003eSince there was no other way than bankruptcy, they quickly filed for court receivership and moved on.\u003cbr\u003e Less than a month later, Jinro was forced into bankruptcy.\u003cbr\u003e The president regretted Hanbo's bankruptcy and gave instructions to prevent it from going bankrupt at all costs.\u003cbr\u003e Who would want to go bankrupt even without the president's orders?\u003cbr\u003e But unfortunately, there was no way to stop it.\u003cbr\u003e The advice not to default should be directed to corporate executives, not the Ministry of Strategy and Finance or financial institutions.\u003cbr\u003e Because 'insolvency is not something you do' but something you 'grow'. --- pp.85-86 From 'Becoming the Deputy Prime Minister for Economic Affairs'\u003cbr\u003e\u003cbr\u003e In other countries, when something unexpected like a foreign exchange crisis occurs, a government-level investigation committee is usually created.\u003cbr\u003e The United States produced the \"9\/11 Report\" after investigating the 9\/11 World Trade Center terrorist attacks for several years. \u003cbr\u003eIn the same way, we are gathering expert opinions on the causes and countermeasures for the 2008 financial crisis and developing countermeasures.\u003cbr\u003e Among the Asian countries that experienced a foreign exchange crisis, Thailand also created an investigative committee composed of experts and published a report on the causes of the crisis, what went wrong, who was at fault, and what should be done.\u003cbr\u003e He appointed Nukul, a veteran economist who served as the central bank governor, as chairman and entrusted the work to six economic experts.\u003cbr\u003e They interviewed those involved for several months and then released a report.\u003cbr\u003e The right and wrong of the process that led to the economic crisis were determined.\u003cbr\u003e That is the \"Nukul Report.\"\u003cbr\u003e During the foreign exchange crisis, Korea never formed a government-level investigation committee.\u003cbr\u003e Of course, there is no “IMF White Paper.” \u003cbr\u003eAlthough it was once said to be the greatest national crisis since the Korean War, no committee of economic experts was ever created to determine why such a massive crisis occurred and what should be done to prevent a repeat of this in the future.\u003cbr\u003e Of course, there are reports from scholars and private research institutes.\u003cbr\u003e However, there is no report at the national level that identifies the causes of the crisis and outlines measures to address it and prevent recurrence.\u003cbr\u003e It's a sad thing. --- pp. 171-172 from 'Creating the Mastermind of the Chaos'\u003cbr\u003e\u003cbr\u003e Even now, I often get scolded for saying, \"No,\" when someone talks to me.\u003cbr\u003e This habit of speaking has become second nature to me, as I have worked in the Budget Bureau for a long time.\u003cbr\u003e Even when I was working as an officer in the Treasury Department of the Ministry of Finance, I didn't have that kind of habit of speaking.\u003cbr\u003e I think it started like that when I moved to the Budget Bureau of the Ministry of Planning and Budget. \u003cbr\u003eWhen I asked for a budget, they started by saying “No” before even reviewing the content.\u003cbr\u003e It was that difficult to run the country.\u003cbr\u003e (Omitted) The Minister of Justice stood up and said, “Your Excellency! The prison guards are having a hard time.\u003cbr\u003e “Please increase the allowances for these people,” he suggested.\u003cbr\u003e It was customary to listen to the report at the final report meeting and approve it as is.\u003cbr\u003e I didn't expect to make such a request.\u003cbr\u003e As the Vice Prime Minister had to answer, I hurried over to his desk to help him figure out how to respond, but the President said, “Director Kang, don’t go, just talk to him there.”\u003cbr\u003e The idea was to tell the budget director's opinion straight out.\u003cbr\u003e He stood there and answered, “No.”\u003cbr\u003e It is a true revelation of Norman's true nature.\u003cbr\u003e Then, the meeting attendees burst into laughter. \u003cbr\u003eThe conference room was suddenly filled with laughter.\u003cbr\u003e I didn't care and explained the reason.\u003cbr\u003e “If the correctional officer allowance is increased, other allowances should be increased as well.” He listed various allowances that receive the same amount as correctional officers, such as police station constables and lighthouse guards.\u003cbr\u003e Then the conference room became quiet.\u003cbr\u003e The reason for opposing the increase was that it would not be enough to just raise the allowances of correctional officers, but other occupational allowances would also need to be raised, which would require a large budget. --- From 'Preparing the National Budget' pp. 198-200\u003cbr\u003e\u003cbr\u003e We must avoid the overheated economy amidst high prices like in the past. This is because corporate profit growth rates are exceeding 40% per year and agricultural product prices are rising by 20-30% per year.\u003cbr\u003e As the labor shortage worsens, wages are rising by more than 30% annually, and unusual real estate speculation and increased consumption are occurring. This reality cannot continue as it is. \u003cbr\u003eInflation not only erodes growth potential by reducing savings capacity and weakening international competitiveness, but also exacerbates social unrest by worsening income distribution.\u003cbr\u003e To correct this, we must accept a temporary recession.\u003cbr\u003e Today's economic downturn is a backlash from the unusually overheated economy of the past two to three years, coupled with worsening external conditions, including the surge in overseas raw material prices, including crude oil.\u003cbr\u003e Therefore, we must establish more realistic and achievable targets for economic growth, an upper limit on the unemployment rate, price stability, and tolerable export and balance of payments goals, and then operate all policies consistently and flexibly within those targets.\u003cbr\u003e To reduce the pressure on rising costs, we must pursue strong income policies, including stabilizing agricultural product prices, curbing excessive wage increases, and reducing corporate nominal profits. We must also swiftly pursue interest rate liberalization. \u003cbr\u003eIn this way, we made every effort to arouse the President's interest in stabilization policies. --- pp. 445-446 From 'Stabilization Policies, the Keynote of the Fifth Republic'\u003cbr\u003e\u003cbr\u003e I am a former civil servant.\u003cbr\u003e Although I was a member of the National Assembly and lived a life outside of public office, I was unable to escape the framework of a public official.\u003cbr\u003e Civil servants work for the country.\u003cbr\u003e That is why I worked with many presidents, including Park Chung-hee, Choi Kyu-ha, Chun Doo-hwan, and Kim Young-sam.\u003cbr\u003e Civil servants naturally thought that was the case.\u003cbr\u003e I even heard people ask how someone who served as President Chun Doo-hwan's chief of staff could serve as Deputy Prime Minister for Economic Affairs under President Kim Young-sam.\u003cbr\u003e I never thought it was strange at all to work like that.\u003cbr\u003e I thought I was working to fix the country's struggling economy, but I didn't think I was working with President Kim Young-sam at the center.\u003cbr\u003e The country came before the president. \u003cbr\u003eAs a result, it became a habit to first verify the country's standards before thinking that one must follow the president's instructions even when it comes to work attitude.\u003cbr\u003e It seems to have become second nature to me as I work on budget planning to manage a country that doesn't exist. --- From the 'Postscript' on pp.697-698\u003cbr\u003e\u003cbr\u003e When thinking about how to change things, I tried to find my place by identifying what the government should be doing but is not doing, and what the government is doing but should not be doing.\u003cbr\u003e To determine this, we begin by asking the question: Why should the government do it?\u003cbr\u003e The stabilization policy was to find the right place for what should be decided in the market, not at the desk of a government official. \u003cbr\u003eIn other words, the idea was to ensure that the economy operates according to market economic principles and to reform the roles and functions of the government accordingly.\u003cbr\u003e It goes without saying that quitting what the government has been doing means doing nothing.\u003cbr\u003e This means that the role of the government must change.\u003cbr\u003e\n\n\u003c\/div\u003e\n\u003cdiv\u003e ---From 'Review' pp.700-701\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cbr\u003e\u003cdiv\u003e\u003ch5\u003e \u003cb\u003ePublisher's Review\u003c\/b\u003e\n\u003c\/h5\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e \u003cb\u003eEstablish the right intentions and lead people on the right path.\u003cbr\u003e\u003cbr\u003e This is the path that the country and public officials should take!\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003eFormer Deputy Prime Minister and Minister of Economy and Finance, Kang Kyung-sik, dedicated his life to the development of the Korean economy with unwavering tenacity despite countless hardships and adversities. This book culminates in his 30-plus years of dedicated economic reform policies! This book tells the story of a principled economic reformer who prioritized economics over ideology and practice over theory. From the \"stabilization policy,\" hailed as a Copernican shift in economic policy, to solutions to the challenges facing the Korean economy today, this book offers clear insights into the 21st-century Korean economy.\u003cbr\u003e\u003cbr\u003e Former Deputy Prime Minister and Minister of Economy and Finance Kang Kyung-sik, who served as Minister of Finance, Chief of Staff to the President, and member of the 12th, 14th, and 15th National Assembly.\u003cbr\u003e Now, more than ten years after leaving public office, he has carefully published a book.\u003cbr\u003e He begins this book by saying, “I have spent the past ten years as an economic leader who failed to prevent the foreign exchange crisis.” \u003cbr\u003eThis is a statement made in reference to his time as Deputy Prime Minister and Minister of Strategy and Finance in 1997.\u003cbr\u003e In this book, he candidly reveals his opinions on all the economic policies he and the government pursued before and after the foreign exchange crisis, the standards by which he planned, promoted, and evaluated work during his 30 years in public service, and what the government truly must do for the future development of the Korean economy.\u003cbr\u003e\u003cbr\u003e \u003cb\u003eWhat should the state do and what should it not do?\u003cbr\u003e What else is the state doing that it shouldn't be doing?\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e He is a self-proclaimed orthodox economic bureaucrat. \u003cbr\u003eHe was promoted to the position of Deputy Prime Minister for Economic Affairs in recognition of his contributions to the Korean economy and his career, but in just eight months, amidst the sudden onslaught of the foreign exchange crisis, he was branded an “incompetent Deputy Prime Minister for Economic Affairs” and had to resign from all public posts, remaining silent for over ten years.\u003cbr\u003e But he doesn't pass the responsibility on to anyone.\u003cbr\u003e However, it only lists what the country should do and what it should not do.\u003cbr\u003e Also, as an economic expert and a public official who has served the country, he is simply expressing his voice.\u003cbr\u003e\u003cbr\u003e First, he advises that when thinking about how to change, it is important to discern what the country should be doing but is not doing, as well as what the country is doing but should not be doing. \u003cbr\u003eTo determine this, we begin by asking the question, \"Why should the government do this?\"\u003cbr\u003e It is necessary to find the right place for what should be decided in the market, not at the desk of a government official.\u003cbr\u003e If we use a sports analogy, the government's role is to set the rules of the game, monitor whether players play fairly while following the rules, and impose appropriate sanctions when they commit a foul.\u003cbr\u003e The government's role does not end here; it must establish a system that allows for the \"resurrection of losers\" for those who fail to compete, and provide policy considerations to make this possible.\u003cbr\u003e There are also many people who cannot participate in the competition from the beginning.\u003cbr\u003e For those in need of social assistance, the government must provide support measures to enable them to maintain a minimum standard of living as citizens. \u003cbr\u003eTo build a competitive society, we must also faithfully build these social safety nets.\u003cbr\u003e However, the government repeatedly emphasizes that players should not play with one team to help the other team win.\u003cbr\u003e\u003cbr\u003e The task of determining whether something is something the government should do or not is not a one-time thing.\u003cbr\u003e You must always pay attention and take care of it carefully.\u003cbr\u003e If you see signs of going down a different path, you must immediately step forward and correct it.\u003cbr\u003e This is not a task that can be left solely to the government.\u003cbr\u003e This is something that requires the combined will and strength of all our citizens.\u003cbr\u003e The market economy system and liberal democracy must be continuously nurtured and developed.\u003cbr\u003e Because it is a very fragile system that can be easily damaged by even the slightest indifference.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e When we say 'Ming', we usually think of Bian Que.\u003cbr\u003e Bian Que, the legendary Chinese physician known for raising even the dead, had two older brothers. \u003cbr\u003eThe older brother prevented illness before it occurred, the younger brother cured illness in its early stages, and the younger brother only cured seriously ill patients.\u003cbr\u003e However, although Pyeonjak is remembered to this day, very few people know that Pyeonjak's older brothers were famous.\u003cbr\u003e The world recognizes the 'preventive medicine' that cures the seriously ill as a famous medicine, but the 'preventive medicine' that prevents the disease from occurring in the first place is not well known.\u003cbr\u003e Politicians should be as famous as the editors.\u003cbr\u003e However, public officials must play a role similar to that of a collaborator.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e Former Deputy Prime Minister and Minister of Economy and Finance Kang Kyung-sik also tried to play a role similar to that of Pyeon Jak when promoting reform efforts.\u003cbr\u003e This book, reflecting on his career in public service, captures the path the Korean economy has taken and the path it should take. It is a book filled with his unvarnished hopes that his experiences will contribute, even if only slightly, to the success of the Korean economy and his juniors in public service.\u003cbr\u003e\n \u003c\/div\u003e\n\u003cdiv\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\n\n\u003c\/div\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003cdiv style=\"width:95%;padding-top:20px;padding-bottom:20px\"\u003e\n\n\u003cdiv style=\"text-align:left;font-size:16px;font-weight:bold;padding-bottom:20px\"\u003e GOODS SPECIFICS \u003c\/div\u003e\n\n\u003cdiv style=\"text-align:left;font-size:14px;line-height:1.6em;\"\u003e\n\n\u003cdiv style=\"width:100%;margin-bottom:5px;line-height:1.6em;font-size:14px\"\u003e - \u003cstrong\u003eDate of issue:\u003c\/strong\u003e December 15, 2010\u003c\/div\u003e\n\n\u003cdiv style=\"width:100%;margin-bottom:5px;line-height:1.6em;font-size:14px\"\u003e - \u003cstrong\u003eFormat:\u003c\/strong\u003e Hardcover book binding method guide\u003c\/div\u003e\n\n\u003cdiv style=\"width:100%;margin-bottom:5px;line-height:1.6em;font-size:14px\"\u003e - \u003cstrong\u003ePage count, weight, size:\u003c\/strong\u003e 712 pages | 1,182g | 153*224*40mm\u003c\/div\u003e\n\n\u003cdiv style=\"width:100%;margin-bottom:5px;line-height:1.6em;font-size:14px\"\u003e - \u003cstrong\u003eISBN13:\u003c\/strong\u003e 9788934944607\u003c\/div\u003e\n\n\u003cdiv style=\"width:100%;margin-bottom:5px;line-height:1.6em;font-size:14px\"\u003e - \u003cstrong\u003eISBN10:\u003c\/strong\u003e 8934944609 \u003c\/div\u003e\n\n\n\u003c\/div\u003e\n\n\n\u003c\/div\u003e\n\n\n\u003c\/div\u003e\n\n\u003ccenter\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003cspan\u003e\u003c\/span\u003e\n\n\u003c\/center\u003e\n\n\n\u003c\/center\u003e","brand":"LIBRAIRIE COREENNE","offers":[{"title":"Default Title","offer_id":43893911289898,"sku":"136039","price":41.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0683\/2750\/5962\/files\/5fa22661326afd08c07150312910ad92.jpg?v=1765423784","url":"https:\/\/librairie.coreenne.fr\/en\/products\/136039","provider":"LIBRAIRIE COREENNE","version":"1.0","type":"link"}