Korea’s rapid economic rise and lessons for developing economies

  • 2012-07-11
  • By Jin Hong RIM, Cultural attaché at the Embassy of the Republic of Korea
The legacy of President ParkBefore concluding a chapter on President Park, I would like to re-emphasize that he has been credited with paving the way for rapid industrialization and economic growth of South Korea through export-driven industrialization. At the same time, despite his remarkable achievements, he remains a controversial figure in modern South Korean history due to his authoritarian way of ruling the country.When the new regime was launched, it continued with the export-driven policy initiated by the former president and yet with some adjustments. At the turn of the 19...
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