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Strategic actions and public policy choices : Leadership and institutional change in South Korea, 1960s-1990s

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  • Strategic actions and public policy choices
  • Silva, Luis Paulo Mah
  • London School of Economics and Political Science


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Title Strategic actions and public policy choices
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Sub Title

Leadership and institutional change in South Korea, 1960s-1990s

Material Type Articles
Author(English)

Silva, Luis Paulo Mah

Publisher

[London]:London School of Economics and Political Science

Date 2004
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Government and Law < Public Administration
Government and Law < Political Science
Holding London School of Economics and Political Science

Abstract

South Korea has long been touted as an outstanding model of economic development. Despite poor resource endowment and a large population, a colonial legacy, the devastation following a civil war, persistent political instability, and the lingering military confrontation with her northern neighbour, Korea’s role in the international economic system has rapidly increased in importance since the 1950s. For nearly four decades, Korea has achieved a remarkable economic performance that transformed the country from a typical case of a developing nation trapped in a "vicious circle of underdevelopment”, into one of the largest economies in the late 1990s. Several factors account for the Korean economic success, from high levels of domestic investment and savings and a growing volume of exports, to the improvement of the quality of life reflecting decreased poverty levels, longer life expectation and lower fertility rates. (The rest omitted)