Some Lessons from Korea's Industrialization Strategy and Experience

Leonardo Sta. Romana

MPRA Paper from University Library of Munich, Germany

Abstract: We look at Korea's industrialization strategy and experience from the 1960s to the mid-1990s. Three elements of the Korean industrial development and structural change are discussed: 1) its outward orientation and export push, 2) its climb up the ladder of comparative advantage, and 3) its economic management of the industrialization effort. Finally, we reflect on the lessons from the Korean experience.

Keywords: South Korea; Industrialisation; Industrial Strategy; Economic Development; Exports; Trade; Economic Planning; Economic Growth; East Asia; Newly Industrialised Countries; Japanese Economic Model (search for similar items in EconPapers)
JEL-codes: F1 N1 O1 (search for similar items in EconPapers)
Date: 2014-04
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Related works:
Working Paper: Some Lessons from Korea's Industrialization Strategy and Experience (2014)
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