Publications
Detailed Information
Korea's Five-Year Economic Plans and Their Impacts
Cited 0 time in
Web of Science
Cited 0 time in Scopus
- Authors
- Issue Date
- 1990-04
- Citation
- Seoul Journal of Economics, Vol.3 No.2, pp. 219-238
- Abstract
- When we examine the process of economic development in
Korea, focusing on the five-year economic plans and their impacts, we find that the Korean economy has succeeded in
achieving remarkable growth under the leadership of the government
through an export-oriented development strategy based
on imported capital and technology. The positive effects were
rapid growth, the modernization of industrial and export structures,
and increases in exports and saving. On the other hand,
the negative features of export-oriented development strategies
were the high dependency on foreign countries, the disparity
between agriculture and manufacture, the inequality of income,
the uneven growth between large and small firms, import-augmenting
export, the low level of domestic technology, and inflation.
In particular, given the current state of the Korean economy,
the importance of technological development is highly and
appropriately emphasized.
- ISSN
- 1225-0279
- Language
- English
- Files in This Item:
Item View & Download Count
Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.