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The economic development of South Korea : from poverty to a modern industrial state / Seung-hun Chun.

by Chŏn, Sŭng-hun, 1946- author.

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Abingdon, Oxon ; New York, NY : Routledge, an imprint of the Taylor & Francis Group, 2018.

Korea (South) -- Economic conditions.

Korea (South) -- Economic policy.

9780815379485 (hardback)

081537948X (hardback)

Routledge studies in the modern world economy ; 174.

xxi, 273 pages : illustrations ; 25 cm

1. Korea from the trap of poverty to a modern industrial state -- 2. The travails of state building and institutional arrangement for development -- 3. Transforming the social and environmental landscape -- 4. Impact for export and job creation -- 5. Path to industrialization (1): paving the way to industrialization -- 6. The advent of industrial titans -- 7. Path to industrialization (2): heavy and chemical industries push the needle -- 8. Development of human resources and technology -- 9. Attracting foreign capital to spark developent -- 10. Saemaul Undong: Korea's new deal for rural modernization -- 11. The people and state-community on a track of economic development -- Epilogue: path to development under globalization.

How did a country with a dearth of natural resources and a sprawling population congested in a limited arable land transform itself into a modern industrial state within a generation? How could this have been achieved given the lingering geopolitical threats to its very survival as a state, as evidenced by the Korean War and the internecine aggressive posturing of its neighbor to the north? This book looks at strategies, institutional arrangement, the role of entrepreneurs and workers in this odyssey, and on how those factors have worked together through effective leadership to transform South Korea's economic fortunes.

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