Public Finance During the Korean Modernization Process

This final volume in the series Studies in the Modernization of the Republic of Korea, 1945–1975, is an analysis of the contribution of tax and expenditure policy to Korea's rapid economic development during the 1953–1975 period. Based upon specially compiled and comprehensive revenue and expenditure data, the authors first trace the history of Korean fiscal policy during the modernization period and then examine how Korea's fiscal development has differed from that of other countries. The results of the analysis show that Korea did not follow the traditional path of a steadily increasing tax effort, reliance on direct taxes, and emphasis on income distribution. Instead, through improved tax administration and expenditure control, the savings rate was increased dramatically.

"The most comprehensive account yet of how the public schools are failing us and why. It is exhaustive in its detail, brutally honest--and politically incorrect. Everyone who cares about American education should read it. No one who does will ever look at the public schools in quite the same way again. Myron Lieberman has spent his adult life working in and around schools, studying them with care and intensity, and producing a steady stream of books and articles that challenge conventional wisdom and the powers that protect it...["Public Education"] deserves to be hailed as a landmark event in our nation's struggle for better schools--and it couldn't come at a better time." --Terry M. Moe, "Washington Post Education Review""The public policy book of the year...[Lieberman] scrupulously, thoughtfully, and rigorously advances his position by examining trends that will erode public education even further in the near future...He [also] sets out an agenda for launching for-profit schooling, discusses obstacles that lie in its way and a strategy for overcoming them." --"Booklist"