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The economic ascent of technological power:South Korea

Vittorio Valli

Department of Economics and Statistics Cognetti de Martiis. Working Papers from University of Turin

Abstract: The chapter contains an analysis of the long-run trend and policies of South Korea’ s economy. The main thesis is that a combination of historical events, wise industrial policies and the great effort of families, the state and enterprises to enhance the level of human capital and of technological progress, have strongly contributed to determine the Korean economic period of fast growth. Ageing of population, financial crises, the crumbling of the fordist model of development, difficulties in stimulating a rapid productivity growth in several service sectors and other factors have reduced the rate of economic growth, which remains, however, higher than the one prevailing in most industrialized countries

New Economics Papers: this item is included in nep-fdg and nep-his
Date: 2010-10
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