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.
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Jwa, SH. (2017). Eight Key Lessons from Korea’s Development Experiences. In: The Rise and Fall of Korea’s Economic Development. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-58065-4_7
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DOI: https://doi.org/10.1007/978-3-319-58065-4_7
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