콘텐츠 바로가기
로그인
컨텐츠
  • HOME
  • SEARCH
PLUS Text Size MINUS RESET
FACEBOOK TWITTER Linked In

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy General
Economy Economic Conditions
Economy Economic System

Print

South Korea and the G20 : Asia's poorhouse emerges as economic miracle nation

Related Document
Frame of Image
  • South Korea and the G20
  • Dürkop,Colin; Ratzer,Sebastian
  • Konrad Adenauer Stiftung


link
Title South Korea and the G20
Similar Titles
Sub Title

Asia's poorhouse emerges as economic miracle nation

Material Type Reports
Author(English)

Dürkop,Colin; Ratzer,Sebastian

Publisher

Berlin,Germany : Konrad Adenauer Stiftung

Date 2017
Pages 17
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < General
Economy < Economic Conditions
Economy < Economic System
Holding Konrad Adenauer Stiftung
License

Abstract

On November 11 and 12, South Korea will be the first Asian nation ever to host a G20 summit. The role of chairing the summit is of high symbolic significance and a great achievement in its own right, as it primarily demonstrates the continually growing international recognition of this East Asian country. It gives South Korea the opportunity to present itself to the international community in a new role. Following the Korean War (1950-53), South Korea was transformed from a recipient nation to a donor country within just a few decades – a singular feat. Its experience of advancing from the poorhouse to one of the world’s fifteen strongest political economies positions South Korea to take an intermediary and leading role in the G20 proceedings. No country has a better understanding of both poor and wealthy nations. This is also the first time the G20 will be chaired by a country that is not a member of the G8, which testifies to the great faith being shown today in this country with a population of nearly forty-nine million. The government in Seoul is intent on living up to this display of confidence and making the summit a success.