콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy General

Print

Assessment and Recommendations - OECD Economic Surveys: Korea 2004

Related Document
Frame of Image
  • Assessment and Recommendations - OECD Economic Surveys: Korea 2004
  • OECD
  • Organization for Economic Cooperation and Development (OECD)


link
Title Assessment and Recommendations - OECD Economic Surveys: Korea 2004
Similar Titles
Material Type Others
Author(English)

OECD

Publisher

Organization for Economic Cooperation and Development (OECD)

Date 2004
Language English
File Type Link
Subject Economy < General

Abstract

Korea stands out as one of the fastest-growing OECD countries over the past five years, with an annual growth rate of around 6 per cent. This very good performance has sustained the convergence process, lifting per capita income to two-thirds of the OECD average. The return to high growth rates following the 1997 crisis was based in part on Korea’s progress in reforming its economic framework to correct some of the weaknesses that had made it vulnerable to the Asian crisis. Rapid growth also reflects the country’s underlying economic dynamism, particularly in the information and communications technology (ICT) sector. Korea has also benefited from...