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Additional resources for The Changing Environment of International Financial Markets: Issues and Analysis
Sample text
Korean government intervention aims to strengthen the market to enable it to become the regulating force of the economy. However, the government intends to pursue reforms slowly, in a gradual fashion, but market forces may overtake the process. The main targets of the reform, the chaebol, the Korean family firm, and the commercial banks are finding it difficult to adjust to proposed changes. In conclusion, Poznanska argues for furthering financial and real reforms in Korea as the means to ensure its continued economic growth.
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