Korea in the 1990s: Making the transition to a developed economy

In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 16, Heft 1, S. 7-18

Abstract

Thanks to rapid economic growth over the past quarter century, South Korea today has emerged as one of the newly industrializing countries with the greatest promise of making a successful transition to a fully industrialized nation. It is argued that in making the transition to a developed country, South Korea will face many difficult challenges as well as opportunities. The strategy the country should adopt to meet those challenges is one of fully liberalizing policies in every sector of the economy. (DÜI-Sen)