South Korea: Pressurized Takeoff

Roger D. Norton ()
Additional contact information
Roger D. Norton: Texas A&M University

Chapter Chapter 8 in Structural Inequality, 2022, pp 255-292 from Springer

Abstract: Abstract The narrative provides a sweeping view of South Korea’s economic and social evolution over the decades. It describes the Confucian era and its marked inequality of landowning later erased by historic land reform. It paints pictures of village life when South Korea was still poor. The author worked with Korean economists on a model to project growth possibilities for economic takeoff. The radical policy experimentation of those times is described. A return to a village shows the astonishing economic transformation made. The fact that Korean policy flexibility would no longer be permitted to a poor country by international agreements is underscored.

Keywords: Yi Dynasty; Confucian era; Early Seoul; Jung Mong-ju; Hermit Kingdom; Korean War; Land reform; Japanese rule in Korea; Entrepreneurial class; Korean village; Transplanting rice; Paper floors; Korean dress; Closed ecosystem; Family planning; Fate; Korean economic planning; Economic growth model; Korean Second Five-Year Plan; Savings circles; Inverse interest rate margin; Unorthodox economic policies; Export incentives; Commitment capitalism; Model equations; Mini-computer; Abacus calculations; Industrial survey; Sampling frame; “go” game; Street demonstrations; Kimchi making; Korean schooling; Tutoring children; Household finance; Savings groups; Korean women’s roles; Korean history; Tangun; Admiral Toyotomi Hideyoshi; Admiral Yi Sun Shin; Ironclad ships; Harvest festival; Ancestor worship; Dried squid; Buddhism; Korean language; King Sejong; Drawing a circle; Tearooms; Sexist attitudes; Social change; Korean house; Korean neighborhood; North Korea; DMZ; Gyeongbok Palace; Blue House; Confucian vision; Jiri-san; Korean national park; Living National Treasure; Traditional drum; Buddhist temple; Hermit; Village improvements; Rural income growth; Agricultural extension; Rice prices; Effective government; New Village Movement; Policy flexibility; Korean economic growth; Modern Seoul; Policy incentives; Unemployment; Modern inequality; Leadership; Innovative economic policy; Educated population; Chaebol; Korean small business; Competitive society; Suicide rate; Social benefits; Meaning of development; World economic policy environment; Creative policies; Export growth; Exchange rates; IMF conditions (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-08633-5_8

Ordering information: This item can be ordered from
http://www.springer.com/9783031086335

DOI: 10.1007/978-3-031-08633-5_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().