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Korea in the 1980s: Policies and Prospects

In: Change and Challenge in the World Economy

Author

Listed:
  • Bela Balassa

    (The Johns Hopkins University
    The World Bank)

Abstract

Korea has been considered as one of the success stories among developing countries. Starting from a small industrial base, it developed a modern industrial structure and achieved high rates of economic growth, based largely on export orientation, during the decade preceding the 1973–4 oil crisis. Also, Korea was able to rapidly surmount this crisis through the continued application of an outward-oriented strategy.

Suggested Citation

  • Bela Balassa, 1985. "Korea in the 1980s: Policies and Prospects," Palgrave Macmillan Books, in: Change and Challenge in the World Economy, chapter 0, pages 236-257, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-17991-6_11
    DOI: 10.1007/978-1-349-17991-6_11
    as

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