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Evolution of Industrial Policy in Korea

  • Chuk Kyo Kim

Abstract

The Korean economy has achieved rapid and sustained economic growth since the early 1960s. GNP grew at an average annual rate of 8.6 per cent between 1962 and 1986 with manufacturing sector growing at 15.3 per cent per annum. The rapid growth of manufacturing was largely atrributable to rapid expansion of export which in current dollar terms increased 30.7 per cent per annum during the same period. This outstanding performance of the Korean economy has been no doubt greatly affected by the government’s industrial policy which underwent several major changes over the past three and a half decades.

Keywords

Industrial Policy Capital Good Unit Labor Cost Export Credit Korean Economy 
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References

  1. [1]
    Kim Chuk Kyo Chul Heui Lee 1983 “Ancillary Firm Development in the Korean Automobile Industry.” In: Konosuke Odaka the Motor Vehicle Industry in Asia, published for Council for Asian Manpower Studies, Singepore Univ. PressGoogle Scholar
  2. [2]
    Kim Chuk Koy 1987 “Government Policy and Industrial Innovation in Korea”, Paper presented at International Symposium on Technological Competition in the 21st Century, Duisburg, Germany, August 3–7Google Scholar
  3. [3]
    Krause L B 1982 U.S. Economic Policy toward the Association of Southeast Asian Nations: Meeting the Japanese Challenge, the Brookings InsitutionGoogle Scholar
  4. [4]
    Suh Sang-Mok 1986 The Evolution of the Korean Economy: A Historical Perspective, Working Paper 8603, Korea Development InstituteGoogle Scholar

Copyright information

© Springer Verlag Berlin · Heidelberg 1989

Authors and Affiliations

  • Chuk Kyo Kim
    • 1
  1. 1.The Institute of Economic ResearchHanyang UniversitySeoul 133Korea

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