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Confucianism in Korea’s economic revolution

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Frame of Image gh many hardships, yet miraculously developed at an incredible speed. Figure A below shows that South Korea’s economy grew rapidly and passed the average GDP per capita of the world. South Korea’s GDP (PPP) per capita (gross domestic product at purchasing power parity per capita) in 2009 at $17,078 (in current US) is much higher than it was in 1962 at $92 (in current US).2 One cannot ultimately say a country is ‘more successful’ than another country, because we do not know what the definition of being ‘successful’ is. However, there are some characteristics of a society that are more favorable than others. Such things could be GDP per capita, life expectancy, and infrastructure. South Korea submitted to Japan’s occupation from 1910 to 1945 and suffered greatly in its preservation of culture, its GDP per Korean, and its education system, which led to a lack of educated Koreans and in turn, Korean entrepreneurs. Civil war occurred from 1950 to 1953, during which much of South Korea’s infrastructure and buildings were destroyed, making rebuilding necessary to get back to where they were before. Many thought that South Korea could never get itself out of this economic and social mess in 60 years, let alone become a high-income economy, a full democracy, and a fierce competitor in the world market. However, in the 1970s, there must have been something to jumpstart South Korea’s economy. The goal of this paper is to not only figure out how and why South Korea’s economy rose so grea


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Title Confucianism in Korea’s economic revolution
Similar Titles
Material Type Reports
Author(English)

Park, Josh

Date 2010
Pages 10
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic System
Government and Law < Political Systems