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Secrets of Korea’s economic development

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Frame of Image  consulting: Myanmar (2016), Bulgaria (2015), Guatemala (2010), Namibia (2009), Indonesia (2008~2011), Turkey (2007)
•KDI School
•Becoming the Core-Knowledge Hub
•KDI School
•Becoming the Core-Knowledge Hub
•KDI School
•Becoming the Core-Knowledge Hub
•KDI School
•Becoming the Core-Knowledge Hub
•KDI School
•Becoming the Core-Knowledge Hub
6,673 USD(annual average 7.0%)
Stagnant or Progress ?
GDP/cap 1960 1990
Now close to 30,000 USD
What made that difference? The Purpose of this presentation
760(-1.2%)
902(0.3%) Ghana 75 80 Mozambique 85
Korea
•KDI School
7
•Becoming the Core-Knowledge Hub
It is the Economic System that determines economic growth.
Source of growth Determinants
 Working Hour  Population  Labor participation
Economic System
Labor
Market Efficiency Property right
Economic Growth Capital
HRD investment Fixed capital investment
No corruption Openness Economic policy Others (Politics...)
Productivity
Innovation and technology Technology diffusion Economies of scale Resource allocation
Criteria for the Economic System
Land Companies
1. Ownership
2. Economic Decision-making Mechanism 4 Criteria
market, economic plan
monetary, moral, coercion if monetary, how big is the gap?
4. Motivation scheme
individual freedom, growth vs. equality
3. Objectives
Q. Which do you think is the most fundamental?
•KDI School
•Becoming the Core-Knowledge Hub
1. Ownership (a): Land Reform in Korea (1949)
Before: Big landlord with many tenants (63% of household) >>> House-hold ba


Full Text
Title Secrets of Korea’s economic development
Similar Titles
Material Type Proceedings
Author(English)

Park, Jin

Publisher

[Sejong, South Korea] : KDI School of Public Policy and Management

Date 2016-06
Event [Workshop] 2016 Global Development Learning Network(GDLN) Global Meeting
[Workshop] 2016 Capacity Building Program for SICA Member Countries
Pages 29
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
License