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Export-led industrialization policy : The case of Korea

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Frame of Image ian economies into an industrialized country, mainly through an export-led industrialization . - Historically, for a period of one generation (30 years) after economic take-off, Korea was the fastest growing economy, among resource-scarce countries.
 Export growth had been accompanied by rapid economic growth, massive
reductions in poverty and unemployment, a considerable diversification in
production structure, as well as political democratization.
 Exports grew on average by more than 20% a year over three decades and more. - Became the 7th largest exporting country and the 13rd largest economy in 2010 - shipbuilding (1st), steel (5th), automobile (5th), DRAM semiconductors (1st),
electronics (3rd), etc.
Seoul in the late 1950s
Cheong-Gye-Cheon Stream in Seoul after the Korean War
Cheong-Gye-Cheon Stream in Seoul, Today
Fastest Growing Countries during 30 years after Economic Take-off
(Unit:1990 International Geary-Khamis dollars, %) Fast Growing Era (30 years) Ranking Country Per Capita GDP at starting year 1,128 766 857 1,436 403 1,545 85 2,541 1,921 Per Capita GDP at last year 16,416 6,545 7,272 11,850 3,304 11,929 6,048 18,005 13,428 Growth rate of Per capital GDP 8.9 7.1 7.1 7.0 7.0 6.8 6.5 6.5 6.5
Ratio of Natural
Resources to National Wealth 0.309 0.523 -0.011 0.092 -0.209 0.000 0.004
Periods
1 2 3 4 5 6 7 8 9
Equatorial Guinea Oman Libya Korea Botswana Taiwan China Singapore Japan
1974-04 1955-85 1950-80 1965-95 1960-90 1963-93 1976-06 1964-94 1950-80
10 Saudi Ara


Full Text
Title Export-led industrialization policy
Similar Titles
Sub Title

The case of Korea

Material Type Proceedings
Author(English)

Lee, Siwook

Publisher

Seoul:KDI School of Public Policy and Management

Date 2014-09
Event

2014 Mid-career training program for IAS officers

Pages 58
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