콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Social Development Education

Print

Economic growth and income inequality in Korea (English)

Related Document
Frame of Image
  • Economic growth and income inequality in Korea (English)
  • Renaud, B.
  • World Bank (WB)


link
Title Economic growth and income inequality in Korea (English)
Similar Titles
Material Type Reports
Author(English)

Renaud, B.

Publisher

World Bank (WB)

Date 1976
Language English
File Type Link
Subject Social Development < Education

Abstract

Since the early 1960's the Korean economy has performed remarkably well by international standards. Did this rapid growth affect the distribution of income negatively? An extensive review and analysis of the information available for the period 1959-1970 indicates that: (1) income inequality in Korea compares very well with that found in other developing and/or developed countries, (2) the variety of evidence based on tax data, income surveys, national accounts data, consumer expenditure surveys and wage surveys leads to the findings that no serious deterioration of the income distribution on a nation wide basis took place during this period of very rapid growth, and (3) institutionalfactors specific to Korea may explain this apparent lack of conflict between rapid aggregate economic growth and income equality so often present in LDCs. In conclusion the paper looks for clues as to whether this performance will continue during the seventies.