Recently Korea has been an object of growing interest owing to its remarkable economic achievements. The purpose of this presentation is to discuss, from somewhat long-ranged perspective, Korea's economic development which is the core of its moderniza...
Recently Korea has been an object of growing interest owing to its remarkable economic achievements. The purpose of this presentation is to discuss, from somewhat long-ranged perspective, Korea's economic development which is the core of its modernization. My presentation is composed of three sections. The first section gives a brief outline of the economic development during the last two decades, with an emphasis on a series of development strategies which the Korean government adopted according to the shift in policy priority. In the second section, some historico-cultural heritages are examined in an attempt to find out the roots of some essential factors of the economic development, and hopefully, arrive at deeper understanding of Korea's modernization. Lastly, a summary of the foregoing discussion and an enumeration of the major problems that the Korean economy faces are given.