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Korea's successful export promotion strategy : A lesson to Eritrea?

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Frame of Image Dukgeun Ahn
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ABSTRACT
KOREA’S SUCCESSFUL EXPORT PROMOTION STRATEGY: A LESSON TO ERITREA? By Eyob Kahsai Michael The second half of the last century was difficult for many developing countries. Wide fluctuations in commodity price, the rapid accumulation of external debt, and changes in world trade and macroeconomic conditions have been among the many problems they have had to face. The Asian developing countries were able to adjust to these changing conditions and have been among the most rapidly growing countries in the world; and prospects for future growth remain bright. Developing countries in other regions, including African and Latin American countries, have been less successful; many are beset with problems, including huge debt burdens (where Brazil can be cited as an example), high inflation rates, and overall economic stagnation. Apart from these problems, African countries found themselves embroiled with civil war and famine. To overcome these problems and achieve sustainable economic development Latin American countries resorted to Import Substitution Strategy (ISI) while Asian countries, particularly Korea, Singapore, Chinese Taipei and Chinese Hong Kong vigorously and aggressively pursued an outward looking and market oriented Export strategies. African states mostly attempted to adopt economic policies prescribed by their former colonizers. The result was diametrically opposed. Latin American countries virtually stagnated while Asian countries; particularly the


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Title Korea's successful export promotion strategy
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Sub Title

A lesson to Eritrea?

Material Type Articles
Author(English)

Michael, Eyob Kahsai

Publisher

[Seoul]:KDI School of Public Policy and Management

Date 2003
Pages 86
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding KDI School of Public Policy and Management

User Note

Thesis(Master)