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Boosting Export Growth: Lessons from Korea

In: Learning from the World

Author

Listed:
  • Abraham Kim
  • Whitney Haring-Smith

Abstract

In 2010, President Obama set the goal of doubling the number of exports in five years, called the National Export Initiative (NEI).1 This task is a tall order—even under favorable economic conditions. Adjusting for inflation, the US has not doubled exports in any five-year period since the World Bank began tracking export data in 1960. Even without discounting for inflation, the US only achieved such rapid growth in exports in the 1970s. Across the Pacific, the Republic of Korea—a long-time US ally—doubled exports in constant US dollars from 1995 to 2000. And, ignoring inflation, South Korea doubled exports even more recently, from 2003 to 2008—when exports jumped from US$228 billion to $494 billion.2

Suggested Citation

  • Abraham Kim & Whitney Haring-Smith, 2014. "Boosting Export Growth: Lessons from Korea," Palgrave Macmillan Books, in: Joe Colombano & Aniket Shah (ed.), Learning from the World, chapter 9, pages 117-129, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-37213-0_9
    DOI: 10.1057/9781137372130_9
    as

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