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Economic Growth and Social Welfare Development in Korea: An Exploration into the Applicability of Objective Indicators in the Evaluation of Developmental Efforts
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- Authors
- Issue Date
- 1981
- Publisher
- 서울대학교 사회과학연구원
- Citation
- 사회과학과 정책연구, Vol.3 No.3, pp. 141-165
- Abstract
- The republic of Korea has been widely heralded as an "economic miracle." During the outgoing decade of the 1970s, the national economy of the rpublic, which was once devastated by a military conflict between superpowers, made one of the greatest leaps in the world. Its real Gross National Product(GNP) more than doubled during the ten-year period from 1969 to 1979, growing at 10 percent a year. Per capita GNP reached $1,597 in 1979, in real terms more than doubled the level of ten years before. Most unprecedentedly, Korea's overseas sales soared to $15,056 million in 1979 from a meager $87 million in 1963, showing a growth of 173 times over the 17-year period.
- ISSN
- 1226-7325
- Language
- English
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