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Corporation in economic development

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Frame of Image sformation experience in the human history but is not well recognized by and integrated into, the main stream development theory and policy. • However, for the last 30 years, Korea has been losing her growth dynamism, stagnated to the trend growth rate lower than 3%, now experiencing many kind of economic problems. • Korean economy is one of the most interesting cases for study from the theoretical as well as public policy perspectives.
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What’s so special about Korean economy?
Short Overview of Korea’s Development Experiences
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<Korea’s long term growth trend >
Real GDP Growth (3-Yr MA)
1950’s
Export-led growth
Stabilization/ Economic Heavy and Chemical Market Orientation Liberalization Industry Drive
2-3% EqualRecovery ization Reform strengthened
First Development Plan
First Oil Crisis Assassination of Economic Park Chunghee Democratization Second Oil Crisis “3 Lows”
Korea joins OECD Financial Crisis
Saemaul Movement Begins
note: Using Chow test, breaks found for 1961, 1965 and 1987. Trend slopes for 1955-61 is 0.00(0.03); for 1961-65 is 1.47(8.35), for 1965-87 is -0.06(-1.03), and 1987-2006 is -0.30(-4.56). ( ) indicated t-statistic.
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Record of Developmental era, 19601980/1990/2012
 Han river miracle(1960-1980-1990): creative economy with highest and shared growth  Comparison, 1960/1980/1990/ 2012 • Agriculture, 40/ 16/ 9 / 2.6% • manufacturing, 15/ 25/ 27 / 31% • Heavy and chemical industry in manufacturing, 30/ 58/ 71 / 88% • Per capita income, 80$ /1,660(20 times)/6,


Full Text
Title Corporation in economic development
Similar Titles
Material Type Proceedings
Author(English)

Jwa, Sung-hee

Publisher

[Seoul]:KDI School of Public Policy and Management

Date 2014-08
Event

파키스탄 경제개발전략과정

Pages 79
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Holding KDI School of Public Policy and Management

User Note

The Annual 2001 Conference of the American Society for Public Administration at Rutgers University, New Jersey, USA.