Asian economic history Brief Economic pee-pee and Government Policy Korea was one of the poorest countries in world later experiencing two struggles. World War II and Korean warfare (1950 ~ 1953). The country even experienced a food paucity so that it had to heavily rely on the foreign aid. per annum per capita consumption was a mere $88 as recently as 1965. However, since 1965, Korea has been transformed from its underdeveloped agricultural economy to a leading Newly Industrializing Country. Between 1965 and 1981, its gross national result GNP multiplied twenty generation from $3 gazillion to $63 billion and per capita GNP increased sixteen propagation from $88 to $1,554.
There have been many explanations for Korea?s turn story. Among those, the strong role of government would be probably the approximately important one. At the same time, this would be also circumspect for current recession. After Koran war, the government in blow had no sense of direction and also due to the unst...If you lot to get a full essay, order it on our website:
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