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The economic growth and agricultural development of Korea

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Frame of Image er than 65 years : 10.3%
1
Description of Economic Growth ● One of the Poorest Counties in the World in 1961
Ø GNP P/C : $87 Ø Exports : $55 million, Imports : $ 390 million
● Ranks 14th in the world by nominal GDP(2014)
Ø GDP : 1,449.5 billion $ Ø GDP per capita : $28,739 (29 in the world) Ø Exports : 57,301 billion$ , Imports : 52,569 million$
2
The Changes of Agriculture in the National Economies ● 1960 : the primary sector accounted for 38 percent of GDP and 79.8 percent of total employment ● 2013 : the agricultural sector accounted for 1.9 percent of GNP and 6.1 percent of total employment ● Changes in industrial structure two to five times quicker than those of the advanced countries
Ø Lengths of time that the ratio of the agricultural GDP to be reduced from 40% to 5%
5 European contries U.S.A Japan Korea
120 years 95 years 75 years 30 years
3
Agricultural Agricultural and Rural Development Policy Change in Korea
1950s : primitive agriculture. Absolute insufficiency of staple grain
8/47
1960s-1970s : foundation making of staple grain sufficiency
9/47
1980s-1990s : beginning of modern agriculture
10/47
2000s-now : high-technology agriculture. Environmentally friendly agriculture
11/47
Aid economy (1950s) ● Foreign assistance economy(1953-1960)
Ø UNKRA(united Nations Korea Reconstruction Agency) aid: $120million Ø Official U.S. aid : $1,745 million Ø Importing Food, essential industrial raw materials, capital good
● Food shortages and the aid through PL 480
Ø The rice pro


Full Text
Title The economic growth and agricultural development of Korea
Similar Titles
Project Category Capacity Building Workshops
Material Type Proceedings
Author(English)

Park, Si-hyun

Publisher

[Sejong]:KDI School

Date 2015-09
Project Capacity Building Workshops
Pages 41
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pptx
Subject Economy < Economic Administration
Industry and Technology < Agriculture
Holding KDI School