Sung-Hee Jwa

Sung-Hee JwaSung-Hee Jwa holds a doctorate in economics from UCLA. He is now serving as Chairman of President Park Chung Hee Memorial Foundation where he conducts among others the researches on thought and achievement of the late President Park Chung Hee who led the Korean Economic Miracle. He had worked for a while as an economist for the Federal Reserve Bank of Minneapolis in USA. He then had worked for Korea Development Institute as senior economist, and had served as President of Korea Economic Research Institute (KERI) and also as President of Gyeonggi Research Institute (GRI) which is the Korea’s largest provincial research think tank. His areas of specialty are Development Economics, Corporate Economy, Industrial Policy, New-Institutional Economics, and Korean Economy. He has also taught Korean Economy and Development Economics courses on and off over the past decades as an adjunct, visiting or chair professor at various universities such as Seoul National University, KDI Graduate School of Public Policy and Yeungnam University. He has been convinced all the while through his extensive experiences of development policy oriented researches that the mainstream market-centric economics is hard to convincingly explain the universal phenomenon of capitalist economic development as well as the experience of rapid growth in North East Asia, including the Korean Miracle. In this perspective, he recently published two books consolidating alternative ideas developed so far, A General Theory of Economic Development: Towards a Capitalist Manifesto (Edward Elgar, 2017), and The Rise and Fall of Korea’s Economic Development: Lessons for Developing and Developed Economies (Palgrave-Macmillan, 2017) as application of the General Theory. He is now continuing on the journey to deepen the theory of the capitalist economic development to be more ‘realistic discipline’.