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Facts and myths about Korea’s economic past

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  • Myung Soo Cha

Abstract

The orthodoxy in South and North Korean historiography states that Japan’s annexation of Korea in 1910 wrought havoc on indigenous economic development and started an era of exploitation lasting until 1945. Recent studies show the claim to be based less upon facts than upon Marxist dogma and nationalist sentiment. During the nineteenth century, Korea was not on the verge of modern economic growth, but in demographic and economic decline. Living standards improved and industrialisation occurred in the context of rapid population growth during the colonial period due to transfer of capital and advanced technology from Japan.

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  • Myung Soo Cha, 2004. "Facts and myths about Korea’s economic past," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 44(3), pages 278-293, November.
    • Handle: RePEc:bla:ozechr:v:44:y:2004:i:3:p:278-293
    DOI: 10.1111/j.1467-8446.2004.00122.x
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    Cited by:

    1. Richard Grabowski, 2010. "A comparison of Latin American and African economic development with an East Asian twist," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 24(2), pages 104-116, November.
    2. Young Back Choi & Yong J. Yoon, 2016. "Liberalism in Korea," Econ Journal Watch, Econ Journal Watch, vol. 13(1), pages 100–128-1, January.
    3. Bishnupriya Gupta, 2019. "Falling behind and catching up: India's transition from a colonial economy," Economic History Review, Economic History Society, vol. 72(3), pages 803-827, August.
    4. Stephen Morgan & Martin Shanahan, 2010. "The Supply Of Economic History In Australasia: The Australian Economic History Review At 50," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 50(3), pages 217-239, November.
    5. Gupta, Bishnupriya, 2018. "Falling Behind and Catching up: India’s Transition from a Colonial Economy," CEPR Discussion Papers 12581, C.E.P.R. Discussion Papers.
    6. Ji Yeon Hong & Christopher Paik, 2018. "Colonization and education: exploring the legacy of local elites in Korea," Economic History Review, Economic History Society, vol. 71(3), pages 938-964, August.
    7. Kim, Duol & Park, Heejin, 2011. "Measuring living standards from the lowest: Height of the male Hangryu deceased in colonial Korea," Explorations in Economic History, Elsevier, vol. 48(4), pages 590-599.

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