Trade Policy for Development: Paradigm Shift from Mercantilism to Liberalism

Part of the The Political Economy of the Asia Pacific book series (PEAP, volume 13)


At the end of 2011, the Republic of Korea (hereinafter Korea) became the ninth country to join the “one-trillion-dollar trading club,” departing from the ranks of newly emerging countries to join the ranks of trade giants. After reaching the $100 million mark in 1964, Korea’s exports grew more than five thousand times in 47 years, making it the seventh-largest exporting country in the world. Its economic development model has been characterized as export-oriented industrialization (EOI).


Gross Domestic Product International Monetary Fund Trade Policy Asian Financial Crisis Export Promotion 
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Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  1. 1.Graduate School of Public AdministrationSeoul National UniversitySeoulRepublic of Korea

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