Korean workers' resistance has been relatively strong. Other than that I don't know of how the country has been resisting the IMF.
As I understood it, Korea wanted to join with the "big boys" so it "reformed its financial sector" in the mid 90s, leading to all kinds of trouble. On Mon, Oct 07, 2002 at 12:50:45PM -0400, Doug Henwood wrote: > Sabri Oncu wrote: > > >It appears that Korea is not doing well in these days. I remember > >that my first exchange on PEN-L was with Brad DeLong. I just > >casually wrote, without giving any reasons, at the time that > >Korea was at risk and he said, without giving any reasons other > >than quoting the Economist, that the IMF bailout of Korea worked > >fine. I wonder if he can say the same now. > > Joseph Stiglitz says Korea's doing well because it ignored the IMF's > advice. Does anyone really know what's going on there? > > Doug > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
