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Korea’s economic development strategy

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Frame of Image ry Drive Technology Absorption, Assimilation, and Innovation Ⅳ. Lessons from Korea’s Experience Compelling Vision and Developmental Governance: Rapid, Resilient, and Shared Growth Performance-Oriented Approach: Pragmatism and Feedback Big-Push Partnership: Information and Risk Sharing Export Orientation: Market Test for Government and Business Industrial Policy: Outward-Oriented, Bottom-up, Integrated Engineering Approach Part-01 Introduction Korea’s Per Capita GDP in Comparative Perspective Year 1820 1870 1913 1940 1950 1960 1970 1980 1990 2000 2010 S. Korea’s Per Capita GDP (1990 Geary-Khamis Dollars) 335 337 485 893 854 1,226 3,725 4,114 8,704 14,998 21,935 S. Korea / USA Ratio (%) 24.6 13.8 9.2 12.7 8.9 10.8 14.4 22.1 37.5 52.3 71.2 S. Korea / World Ratio (%) 47.1 38.1 31.5 41.0 40.6 44.4 58.2 91.2 169.0 247.6 277.7 Source: Maddison Project Database (http://www.ggdc.net/maddison/maddison-project/home.htm) Korea’s Poverty Rate 1965 Poverty Rate (%)* Urban Rural 40.9 54.9 35.8 1970 23.4 16.2 27.9 1976 14.8 18.1 11.7 1980 9.8 10.4 9.0 1984 4.5 4.6 4.4 Source: Suh (1979), Suh and Yeon (1986), re-cited from Choo, Bark, and Yoon (1996:89) * The absolute poverty line is defined as KRW 121,000 (approximately USD 173 at the prevailing market exchange rate) per month in 1981 for a standard five-member family. This absolute poverty line is based on 2100 kcal per day per family member, with calories assumed to be derived from low-income households’ food consumption basket in 1973. En


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Title Korea’s economic development strategy
Similar Titles
Material Type Proceedings
Author(English)

Lim, Wonhyuk

Publisher

[Sejong, South Korea] : KDI School of Public Policy and Management
Date 2017-02
Event [Workshop] Korea Study Program of the Induction Training Program for IAS Officers(ATI-WB)
[Workshop] G-20 Global Leadership Program
Pages 53
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pptx
Subject Economy < Economic Administration
Holding KDI School of Public Policy and Management
License