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Financial system, corporate diversification and technological catching-up : South-Korea; an imitator to innovator

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  • Financial system, corporate diversification and technological catching-up
  • Javaid, Muhammad Nadeem
  • University of Nice Sophia Antipolis


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Title Financial system, corporate diversification and technological catching-up
Similar Titles
Sub Title

South-Korea; an imitator to innovator

Material Type Articles
Author(English)

Javaid, Muhammad Nadeem

Publisher

[Nice]:University of Nice Sophia Antipolis

Date 2008
Pages 46
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Industry and Technology < Science/Technology
Holding University of Nice Sophia Antipolis

Abstract

South-Korea, a front runner among the newly industrializing economies, was a typically underdeveloped agrarian country until the turn of the 1960s. Afterwards within a short period of one generation, it was transformed into a modern industrialized country helped by the rapid growth, which averaged over 8 percent per annum for more than thirty years except during the crisis in the late 1990s, its GDP volume soared from only US $ 2.1 billion in 1961 to US $ 1.180 trillion in 2006 in tandem with its exports less than US $ 1 billion to more than US $ 325 billion during the same period. Economic literature is replete with research on the Korean strategy which accomplished this miraculous growth but with less consideration to the link between finance and technology. (The rest omitted)