Popular Reaction to the Intervention by the IMF in the Korean Economic Crisis |
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| Authors: | Bernd Hayo Doh Chull Shin |
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| Affiliation: | 1. Department of Economics (FB 5) , University of Essen , Universitaetsstr. 12, Essen, D-45117, Germany;2. Department of Economics and CGES , Georgetown University;3. ZEI , University of Bonn;4. Department of Political Science , University of Missouri , 309 Professional Bldg., Columbia, Missouri, 65211-6030 |
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| Abstract: | The International Monetary Fund (IMF) has played an important role in restructuring the Korean economy over the past three years. Relying upon survey data collected in 1998 and 1999, we explore the role of the IMF in Korea as perceived by its citizens. In the eyes of the Korean people, the IMF helped their economy to recover from the crisis. However, those Koreans who experience a decline in their income are critical of the IMF's role in their economy. Finally, our analysis reveals that the generally pro-IMF orientation of most Korean people has little to do with their support for a market-oriented reform program. |
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| Keywords: | Imf Korea Policy Reform Financial Crisis Public Opinion |
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