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Export-led industrialization policy : The case of Korea

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Frame of Image es 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.
Korean Miracle: From Poverty to Prosperity
GDP per capita (Current price, US $) by country: World Bank
1962
1,000 30,000
2013
25,977
800
25,000 20,000
600 15,000 400
369
10,000
10,307 6,807
200
140
157
104
92
70
China
5,000 -
3,280
2,765
1,499
Mexico Korea India China
0
Sri Lanka Philippines
Mexico
Korea
India
Sri Lanka Philippines
 PPP-adjusted per capita GDP in 2013 (in current international $)
- Korea: $33,140 vs Japan: $36,316
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 Per Capita GDP at last year 16,416 6,545 7,272 11,8


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

The case of Korea

Material Type Proceedings
Author(English)

Lee, Siwook

Publisher

[Sejong]:KDI School of Public Policy and Management

Date 2015-06
Event

Workshop on Economic Development Strategy

Pages 58
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Others
Holding KDI School