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Colonial legacy and modern economic growth in Korea : A critical examination of their relationships

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  • Colonial legacy and modern economic growth in Korea
  • Jonghoe, Yang
  • Seoul National University(The Institute for Social Development and Policy Research)


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Title Colonial legacy and modern economic growth in Korea
Similar Titles
Sub Title

A critical examination of their relationships

Material Type Articles
Author(English)

Jonghoe, Yang

Publisher

[Seoul]:Seoul National University(The Institute for Social Development and Policy Research)

Date 2004-06
Journal Title; Vol./Issue Development and Society:vol. 33(no. 1)
Pages 24
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Holding Seoul National University

Abstract

This paper examines the relationship between colonial experience and subsequent economic development in Korea by closely looking at the process of economic growth during the 1960s, when the Korean economy began to grow rapidly. Five aspects of colonial legacy are usually identified as responsible for the take-off: an infrastructure of communications and transportation, an industrial base, the strong state, accumulation of high-quality human capital, and nationalism. However, most of the material capital inherited from colonization had been destroyed by the Korean War, or not fully functional due to lack of operating personnel and to the division of the country into the North and the South. (The rest omitted)