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Exports of capital goods and related services from the Republic of Korea (English)

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  • Exports of capital goods and related services from the Republic of Korea (English)
  • WESTPHAL, L.; RHEE, Y.; KIM, L.; AMSDEN, A.; DRD; IND
  • World Bank (WB)


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Title Exports of capital goods and related services from the Republic of Korea (English)
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Material Type Reports
Author(English)

WESTPHAL, L.; RHEE, Y.; KIM, L.; AMSDEN, A.; DRD; IND

Publisher

World Bank (WB)

Date 1984
ISBN 0-8213-0310-4
Language English
File Type Link
Subject Industry and Technology < IT

Abstract

Korea's spectacular export growth is a well-known, well-documented success story. Less well known is the recent surge in Korea's exports of capital goods and related services. These exports include those directly related to overseas projects to establish and operate productive systems. They also include non-project related exports of capital goods, such as most kinds of transportation equipment or machinery sold to trading firms for resale. The project-related exports comprise overseas construction, exports of capital goods procured in connection with specific projects, and various flows of technological information and technical and managerial services. The value of such exports from Korea was small until 1977, when the annual value for the preceding 15 years. This paper examines Korea's exports of capital goods and related services, their role in Korea's development strategy, and the way they conform to Korea's dynamic comparative advantage.