How Can Korea be a Role Model for Catch-up Development?: A 'Capability-based View'

Keun Lee ()

No RP2009-34, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: There is some scepticism about Korea as role model of development as the Korean model involved a considerable degree of state activism, unacceptable in today's global environment. This paper propose a 'capability-based view' of the country's catch-up development, arguing that the real lesson from Korea is not the role of government but the fact that it was able to strengthen the capability of firms, thus inducing sustained growth for several decades.

Keywords: Economic policy (Business enterprises); Economic development; Economic policy; Structural adjustment (Economic policy); Foreign exchange; International trade; Management (Technological innovations) (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (73)

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Working Paper: How Can Korea be a Role Model for Catch-up Development? A ‘Capability-based View’ (2013)
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