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The Korean Miracle (1962–80) Revisited: Myths and Realities in Strategies and Development

  • Kwan S. Kim
Chapter
Part of the International Political Economy Series book series (IPES)

Abstract

South Korea’s ‘rags-to-riches’ development is often cited as a ‘man-made’ miracle. It is a miracle in the sense that in the span of the past three decades the country underwent the kind of structural transformation that today’s industrialized countries took almost a century to achieve.1 The transformation was accomplished with relatively equitable income distribution by international standards.2

Keywords

Direct Foreign Investment Foreign Investment Comparative Advantage Real Wage Capital Good 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1995

Authors and Affiliations

  • Kwan S. Kim

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