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Eight Key Lessons from Korea’s Development Experiences

  • Sung-Hee JwaEmail author
Chapter

Abstract

This chapter comprises of 8 critical questions and answers that are meant to expose 8 key lessons from Korea’s development experiences for developing as well as developed countries. These include the importance of development-friendly leadership, export-led growth and HCI drive by economic discrimination, corporate-growth led economic development (including empirical evidence), and the Saemaul Undong, as well as the slowdown due to economic egalitarianism that tends to diminish economic discrimination. Also emphasized is Korea’s shared and polarized growth experiences. The chapter also looks at how development-unfriendly informal institutions can be transformed into development-friendly ones.

Keywords

Development-friendly ED leadership Economization of politics Export-led Growth Heavy and Chemical Industry (HCI) drive Corporate-growth-led development Saemaul Undong Shared and polarized growth Transformation of informal institutions 

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.Park Chung Hee Memorial FoundationSeoulKorea (Republic of)

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