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A Comparative Study on the Patterns of Economic Development and Trade in Korea and Morocco

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  • Dong Yul Park

Abstract

This paper examines effective reform measures for Korea and Morocco. In the economic development model presented in this paper, the unbalanced growth strategy emphasizing ‘all-out effort for export expansion’ was proposed for rapid economic development during the first half of industrialization. The balanced growth strategy emphasizing ‘technological self-sufficiency oriented import substitution’ was proposed for rapid economic development during the second half of industrialization. This paper examines the types of economic cooperation between Korea and Morocco. The methods of economic cooperation could be devided into two categories; spiritual one and substantial cooperation. This paper suggests that the former should precede the latter because substantial economic cooperation would easily fail without spiritual readiness for economic cooperation.

Suggested Citation

  • Dong Yul Park, 2002. "A Comparative Study on the Patterns of Economic Development and Trade in Korea and Morocco," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 5(1), pages 81-110, March.
    • Handle: RePEc:sae:intare:v:5:y:2002:i:1:p:81-110
    DOI: 10.1177/223386590200500105
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    1. Perkins, Dwight H. & Syrquin, Moshe, 1989. "Large countries: The influence of size," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 2, chapter 32, pages 1691-1753, Elsevier.
    2. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    3. Evans, David, 1989. "Alternative perspectives on trade and development," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 2, chapter 24, pages 1241-1304, Elsevier.
    4. Hollis Chenery† & T.N. Srinivasan (ed.), 1989. "Handbook of Development Economics," Handbook of Development Economics, Elsevier, edition 1, volume 2, number 2.
    5. Bliss, Christopher, 1989. "Trade and development," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 2, chapter 23, pages 1187-1240, Elsevier.
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