Development Overview
Overview of Korea´s development experience
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- Post-war reconstruction
- At the time of liberation in 1945, rural society was comprised of a small number of far
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- Financial repression
- The government increased intervention in domestic financial markets to support the gov
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- Government-led industrialization
- “Industrialization” was the central theme of the Five-Year Economic Plans t
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- Export promotion
- As the new president, Park proclaimed that economic development would be the central ag
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- Infrastructure expansion
- The building of ports was seen as crucial in providing the physical infrastructure nece