The Economic Development Of South Korea

How did a country with a dearth of natural resources, a sprawling population congested in a limited arable land transform itself to a modern industrial state within a generation? How could these have been achieved given the lingering geopolitical threats to its very survival as a state, as evidenced by the Korean War and the internecine aggressive posturing of its neighbor from the north? This book looks at strategies, institutional arrangement, role of entrepreneurs and workers in this odyssey, and on how those factors have worked together through effective leadership to transform South Korea’s economic fortunes.

This book explores the historical and economic development of South Korea, its culture, as well as the benefits, opportunities and challenges that German companies have faced in their cooperation with South Korean enterprises. More specifically, it juxtaposes economic-miracle markets such as Japan and West Germany, which rose from the ashes after the Second World War with the help of a century of bustling industrial age, with South Korea, which developed from virtually nothing. The book also addresses why South Korea’s history, geography, society, culture and economic capabilities remain widely unknown and unnoticed among westerners, despite South Korean companies being among the global market leaders in a number of industries, particularly in the automobile and hardware segments. Written from the point of view of a seasoned business expert on the country, Economic Miracle Market South Korea is essential reading for business and economics research academics looking to improve their knowledge of this relatively unknown “success story”, as well as for practitioners in industry looking to optimize their dealings with South Korean business partners.

The purpose of this book is to provide a systematic and policy-focused analysis of Korea's development performance from a historical perspective. The book begins with post-war reconstruction efforts and extends to recent developments in the Korean economy. Through a comprehensive analysis of Korea's development performance over the last six decades, the book examines in detail how development strategies and policies evolved over time, what were their consequences and underlying factors, and what lessons can be drawn from the Korean experience. A wide range of issues are discussed, including the role of government, capital accumulation, growth and structural change, industrial development and concentration, economic liberalization, human resource and technology development, social development and income distribution. The important features of the Korean development model are highlighted to draw lessons from the Korean experience.

South Korea's post-war economic success is a well-known story. However, its development in the past two decades is relatively less investigated. By reviewing key economic issues in South Korea's economy today, this book offers an input to the research of contemporary South Korea, in particular the country's economic development and its external economic relations.This book provides an analytical overview of key issues in contemporary South Korean economy. The timely and in-depth study presented in the book examines the main reasons behind South Korea's economic slowdown in recent years, the economic and social impact following chaebol's growing business expansion, free trade agreements with China and the United States, the development of income inequality, the ageing demography and the Korean government's policy response to overcome the current economic difficulties.

In just one generation, South Korea has transformed from a recipient of foreign aid to a member of the G20. In this informative book, South Korea is used as a case by which to explore and illustrate specific issues arising from the complex relationships between the nation’s economic development and society. p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial}

This book explores South Korea's phenomenal economic rise and the impact that this has had on the country's foreign policy.

Preliminary Material -- Introduction -- Modernization in the Third World and in Korea -- The Historical Foundations of Modern Economic Growth -- Economic Development in Macroeconomic Terms, 1953-1976 -- Industrialization and Foreign Trade -- Foreign Assistance and Korean Development -- Rural Development -- Government and Business -- Korean Fiscal and Financial Development -- Education -- Population, Urbanization, and Health -- Income Distribution -- Summary and Conclusions -- Notes -- Selected Bibliography -- Index -- Harvard East Asian Monographs.

'...a wide-ranging, scholarly and humane book which should be read by anyone seriously interested in this country.' - David Donnison From the devastation of the Korean war, there emerged one of the most dynamic, rapidly growing economies the world has ever seen. Starting from a concern about the housing of people struggling to survive on low incomes in the cities of South Korea, Kim Woo-Jin throws light upon the whole development of Korean society since the civil war. He argues that housing has played a central part in both the development of the economy and its more recent slowdown. In the future, housing policies may play their part in resisting the destructive forces that the probable reunification of North and South will bring and recreate hope for the future.