Some Lessons from Korea's Industrialization Strategy and Experience

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.

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Year of publication:	2014-04
Authors:	Romana, Sta. ; L, Leonardo
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	South Korea \| Industrialisation \| Industrial Strategy \| Economic Development \| Exports \| Trade \| Economic Planning \| Economic Growth \| East Asia \| Newly Industrialised Countries \| Japanese Economic Model

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	F1 - Trade ; N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations ; O1 - Economic Development
Source:	RePEc - Research Papers in Economics

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