2. Features of the development model of Korea
3. Statistics & Example
Korea has made rapid progress since the 1960s. State-led economic development in Park Chung-hee regime were replaced by the current neo-liberal economic. There were many developments in the process, but still the problem from state-led economic development exist.
Due to rapid economic growth, Korea society has a problem like ‘Foreign dependence of economic’, ‘The gap between rich and poor’, ‘Economic growth of Development-oriented’ etc.
Western society has undergone the industrial revolution and the civil war and has achieved economic development and social development at the same time. But Korea based on Western models and have achieved imminent economic growth only.
Because of these problems, Korea can not be generalized as a good example of the capitalist development in the developing countries.
Of course, there are many problems of neo-liberal economic. However, this report point out the problems of state-led economic development as typical Korea characteristic.
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