Korea’s Economic Miracle, 1962–89

Charles Harvie and Hyun-Hoon Lee
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Charles Harvie: University of Wollongong

Chapter 2 in Korea’s Economic Miracle, 2003, pp 9-40 from Palgrave Macmillan

Abstract: Abstract This chapter examines the major factors behind the remarkable transformation of the Korean economy described in Chapter 1. Section 2 provides a brief overview of developments in key macroeconomic variables over the period 1962–89, paying particular attention to economic growth and the growth of exports. Section 3 focuses on Korea’s growth patterns, sources of growth, business cycles and related issues. The contribution of trade to structural transformation is also discussed in this section. Section 4 considers Korea’s industrial structure and policy during this period, while Section 5 analyses economic planning and policy formulation. Finally, Section 6 presents a summary of the major conclusions to be derived from this chapter.

Keywords: Bank Credit; Import Substitution; Foreign Debt; Domestic Saving; Export Promotion (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-2019-5_2

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DOI: 10.1057/9781403920195_2

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