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Operation of agricultural cooperatives for rural development

Related Document
Frame of Image public of Korea
Prepared by	 Author
Korea Rural Economic Institute (KREI) 	 eong-jae Park, Korea Rural Economic Institute (KREI) S Joon-kee Park, Korea Rural Economic Institute (KREI) Kie-yup Shin, Nonghyup Economic Research Institute (NERI)
Advisory Research Management
Young-gon Go, National Agricultural Cooperative Federation Korea Development Institute (KDI) School of Public Policy and Management
Supported by
Ministry of Strategy and Finance (MOSF), Republic of Korea
Government Publications Registration Number 11-1051000-000190-01 ISBN 978-89-93695-38-0 94320 ISBN 978-89-93695-27-4 [SET 40] Copyright © 2012 by Ministry of Strategy and Finance, Republic of Korea
Government Publications Registration Number 11-1051000-000190-01
Knowledge Sharing Program
2011 Modularization of Korea’s Development Experience
Operation of Agricultural Cooperative for Rural Development
Preface
The study of Korea’s economic and social transformation offers a unique opportunity to better understand the factors that drive development. Within one generation, Korea had transformed itself from a poor agrarian society to a modern industrial nation, a feat never seen before. What makes Korea’s experience so unique is that its rapid economic development was relatively broad-based, meaning that the fruits of Korea’s rapid growth were shared by many. The challenge of course is unlocking the secrets behind Korea’s rapid and broad-based development, which can offer invaluable insights and lessons and knowledg


Full Text
Title Operation of agricultural cooperatives for rural development
Similar Titles
Project Category Development Cases
Material Type Reports
Author(English)

Park, Seong-jae; Park, Joon-kee; Shin, Kie-yup

Publisher

Seoul:Korea Rural Economic Institute

Date 2012
Project Development Cases
Series Title; No Knowledge Sharing Program: KSP Modularization
ISBN 9788993695380; 9788993695274 [SET 40]
Pages 146
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Agriculture
Holding KDI School of Public Policy and Management
Supervisor Ministry for Food, Agriculture, Forestry and Fisheries
Organizer Korea Rural Economic Institute
Sponsor Ministry of Strategy and Finance

Abstract

The purpose of this book is to describe experience of agricultural cooperatives of Korea (ACK) for 1945~1990, when was similar to the current situation of developing countries, and to suggest implications for developing countries. The ACK as policy assistant institutions have significantly contributed to agriculture and rural development since they were established. The Cooperatives implemented smooth money supply to the agricultural sector by successfully mobilizing savings in rural and urban areas and absorbed chronic usurious loans in rural financial markets. They supplied farm inputs and living goods, where markets were not fully developed, and thus elevated agricultural productivity and convenience of living. The Cooperatives led development of agricultural marketing by selling of members' agricultural products, expanding distribution facilities and providing information on them.
There had been many trials, errors and complications over a long period of time to reach the current state of the Agricultural Cooperatives of Korea. (The rest omitted)

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