The Essence of the Korean Model of Development

Jong-Dae Park ()
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Jong-Dae Park: Embassy of the Republic of Korea

Chapter Chapter 8 in Re-Inventing Africa’s Development, 2019, pp 207-241 from Springer

Abstract: Abstract In this chapter, the author produces a much-needed conceptualized Korean development model featuring all the crucial elements characterizing Korea’s development—foundational, psychological, economic and socio-political—in an organized structure. He dissects South Korea’s transformational path into different stages, both in the economic and the socio-political realms, and indicates their principal driving forces or logics, namely ‘economic discrimination’ and ‘development-mindedness’. The model is derived from the ‘building-block’ process of understanding Korea and also incorporates human factors like Koreans’ ‘egalitarian spirit’. This conceptual model captures the essence of South Korea’s compressed economic and socio-political development.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-03946-2_8

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DOI: 10.1007/978-3-030-03946-2_8

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