Urban Poverty in the Republic of Korea: Critical Issues and Policy Measures

Jong-Gie Kim

Asian Development Review (ADR), 1994, vol. 12, issue 01, 90-116

Abstract: The economic development of the Republic of Korea (henceforth Korea) has been among the most rapid and sustained in the world. By pursuing an industrialization-led development strategy since 1961, Korea has achieved considerable economic growth and structural transformation from a largely agricultural, subsistence economy into a newly industrialized one, despite the lack of significant natural resources and the burden of high defense expenditures. In the promotion of economic development through mass industrialization, the distribution of the labor force underwent a drastic change. From 1960 to 1990, the agriculture sector was reduced to less than a third of its former size, while the mining, manufacturing, and construction sectors together more than tripled in magnitude…

Date: 1994
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DOI: 10.1142/S0116110594000047

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