Although the proportion of the world’s population living in poverty has declined substantially over the last two decades, the absolute number of people that live in poverty or vulnerable conditions has remained high. Nearly 70% of the poor now live in countries classified as middle-income.3 We...

This paper is one of three country studies of successful anti-poverty measures during upper-middle-income levels, the other two being Japan and the United States. South Korea may well be the most successful case of economic development in recorded history. Within two generations, it was...