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An Agenda for Economic Reform in Korea: International Perspectives
January 15, 1997 - January 16, 1997
Stauffer Auditorium
Herbert Hoover Memorial Building
Stanford University
The two-day conference, co-sponsored by the Hoover Institution and the Korea Development Institute, focused on economic reform, dealing primarily with the South Korean and American economies. Half of the papers presented illuminated problems confronting Korea's economic growth, and the other half, by Hoover fellows, addressed U.S. economic challenges and offered policy recommendations. One of the objectives of the conference was to increase understanding and share expertise about the impact of economic policy and the development of public policy at a national level. Conference directors were Kenneth Judd and Young-Ki Lee.
Agenda
Wednesday, January 15
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| 8:50 AM | Welcome and Opening Remarks |
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Thomas Henriksen |
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| 9:00 AM | Panel I: Overview |
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Charles Jones, chair |
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Dong-Se Cha and Sang-Woo Nam- The Korean Economy in Transition |
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Robert Hall- Overview of the U.S. Economy |
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| 10:45 PM | Panel II: Business Organization and Competition Policy |
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Thomas Henriksen, chair |
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Seong-Min Yoo and Young-Jae Lim- Big Business in Korea: New Learning and Policy Issues |
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Thomas Gale Moore- Issues in U.S. Regulatory Policy |
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| 1:00 PM | Panel III: Corporate Governance |
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Kenneth Judd, chair |
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Young-Jae Lim and Young-Ki Lee- Corporate Governance in Korea: Issues and Prospects |
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Kenneth Scott- Corporate Governance in the United States: Recent Controversies |
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| 2:45 PM | Panel IV: Social Welfare |
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Thomas Lemieux, chair |
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Hyahoon Lee and Kye-Sik Lee- The Direction of Social Welfare Policy in Korea |
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Thomas MaCurdy- Economics and Politics of Welfare Reform in the United States |
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| 7:00 PM | Dinner |
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John Raisian, Introduction |
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Douglass North- The Process of Economic Change |
Thursday, January 16
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| 9:00 AM | Panel V: Distribution of Income |
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Robin Lumsdaine, chair |
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Seong-Hyeon Whang and Joung-Woo Lee- The Problems of Income and Wealth Distribution: Policy Issues in Korea |
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Kenneth Judd- Policy Changes in a Dynamic Open Economy |
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| 10:45 PM | Panel VI: Labor and Industrial Relations |
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Michael Boozer, chair |
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Dae-Il Kim- Changes in the Korean Labor Market and Future Prospects |
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Edward Lazear and Sherwin Rosen- The Labor Market and Incentives |
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| 1:00 PM | Panel VII: Property Rights and Economic Development |
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Kenneth Judd, chair |
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Sung-Hee Jwa- Property Rights and Economic Development in Korea |
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John Vincent Nye- Economic Institutions and Growth |
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| 2:45 PM | Panel VIII: Culture and Economic Development |
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Laurence Iannoccone, chair |
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Dong-Se Cha and Philip Wonhyuk Lim- In Search of a New Capitalist Ethos for the Korean Economy |
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Henry Rowen- Culture and East Asian Economic Growth |
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