1st Edition

What Made Korea’s Rapid Growth Possible?

By Jungho Yoo Copyright 2020
100 Pages 10 B/W Illustrations
by Routledge

100 Pages 10 B/W Illustrations
by Routledge

100 Pages 10 B/W Illustrations
by Routledge

Korea’s experience of rapid economic growth represents both hope and a challenge to many developing countries. The conventional wisdom inside and outside Korea has been that the government’s policies such as export promotion, industrial targeting, and so on, made the rapid growth possible. This book investigates the effects of the policies and concludes that Korea’s growth... Read more

1 The economy and policies in the 1950s

2 Rapid export expansion in the 1960s and 1970s

3 The transformation of the Korean economy

4 Industrial policy in the 1970s

5 The world market size and the pace of industrialization

6 Concluding remarks

Biography

Jungho Yoo is Visiting Professor at the Korea Development Institute (KDI) School of Public Policy and Management, South Korea. He was previously Fellow at the KDI.