Irwin, Douglas A. - In: KDI-journal of economic policy 47 (2025) 2, pp. 1-36
In 1960, South Korea's exports were about 1 percent of GDP, and its ability to import depended almost entirely on U.S. aid. After changing its foreign exchange policies in the mid-1960s, Korea's exports surged to more than 10 percent of GDP by the end of the decade. This paper explores the...
