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Export-led industrialization : Korea’s experience and its implications

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Frame of Image  - Korea in the 1950s, with more than two-thirds of the entire population engaged in the primary sector, possessed all the familiar characteristics of an extremely underdeveloped economy. - Export growth had been accompanied by a considerable diversification in both the
commodity structure of domestic production and exports.
 Exports grew on average by more than 20% a year over three decades and more - Exports grew to $ 466.4 bil (46% of GDP) in 2010
- Trade surplus: $ 41.7 bil in 2010
- Became the 7th largest exporting country and the 13rd largest economy in 2010 - shipbuilding (1st), steel (5th), automobile (5th), DRAM semiconductors (1st), electronics (3rd)
Shanties in the hill: HyunJeo-Dong, Seoul in the 1950s
Cheong-Gye-Cheon Stream in Seoul after the Korean War
Cheong-Gye-Cheon Stream in Seoul, Today
Korean Miracle: From Poverty to Prosperity
GDP per capita (Current price, US $) by country: World Bank
Rapid Industrialization of Korea
Evolution of Korea’s Export Structure
from agriculture to manufacturing ; from light industries to heavy and chemical industries
Wig Textile Automobile Semiconductor
83.1%
HCI Products
(ICT, 26.3%)
Semiconductor, Mobile Phone, DTV, Display, Automobile, Shipbuilding, etc.
50%
9.3% 1.1%
Light Industry Products Agricultural Products
1960
1970
1980
1990
2000
2005
Reducing Poverty
Absolute Poverty (%) : 1961-1993
Absolute poverty declined steeply from 48% in 1961 to less than 10% entering 1980s
Introduction
Evolution of Korea’s Trade and Indust


Full Text
Title Export-led industrialization
Similar Titles
Sub Title

Korea’s experience and its implications

Material Type Proceedings
Author(English)

Lee, Siwook

Author(Korean)

이시욱

Publisher

[Seoul] : Myongji University

Date 2013-05
Event [Workshop] Mid-Career Training Program for IAS Officers
Pages 40
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Others
Holding KDI School
License

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