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The background of Korean economic crisis

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Frame of Image ment
The Growth Miracle
■ Growth Miracle
- Rapid and sustained growth for 4 decades - Ten-fold increase of real per capita income (Table 1) - Technological catch-up and structural change (Figure 1)
■ Secrets of Rapid Growth
- Capital accumulation (Figures 2, 3): Gov’t role in mobilizing resources - Exploiting opportunities of the world market (Figure 4) - Reasonable functioning of the bureaucratic discipline
International Trade and WTO Agreements for Asian Countries
2
KDI School of Public Policy and Management
Table 1. Comparative Economic Development, 1960-1990
International Trade and WTO Agreements for Asian Countries
3
KDI School of Public Policy and Management
Figure 1. Sectoral Composition of Korea’s GDP.
International Trade and WTO Agreements for Asian Countries
4
KDI School of Public Policy and Management
F Figure 2. Savings and Investment F Figure 2. Savings and Investment
40 35 30 25 20 15 10 5 0 1963-1969 1970-1977 Saving Rate(%) 1978-1989 Inves tment Rate(%) 1990-1997
International Trade and WTO Agreements for Asian Countries
5
KDI School of Public Policy and Management
F Figure 3. Education and R&D F Figure 3. Education and R&D
100 90 80 70 60 50 40 30 20 10 0
80 82 84 86 88 90 92 94 96 98 19 19 19 19 19 19 19 19 19 19
3. 5 3 2. 5 2 1. 5 1 0. 5 0
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88
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6
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19
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19
19
Advance Rate of High school Graduates
R&D expenditures/GDP(ㅡ) Researchers per 1,000 persons(ㅡ)
International Trade and WTO Agreements for Asian Countries
19
98
94
KDI S


Full Text
Title The background of Korean economic crisis
Similar Titles
Material Type Reports
Author(English)

You, Jong-Il

Author(Korean)

유종일

Date 2002
Pages 29
Language English
File Type Documents
Original Format pdf
Subject Economy < Macroeconomics
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