You will review the evolution of the Korean economy decade by decade since Korea鈥檚 independence from Japan in 1945. Major policies of each decade will be explained and their effect on the Korean economy will be analyzed. Also, the backgrounds and limitations of important policies will be scrutinized. By doing so, you will be able to compare the Korea experience with the other developing countries鈥�. 1. You will be able to explain how the miracle of the Korean economic development was made possible. 2. By examining internal and external conditions behind the decision making of major policies in Korea, you will be able to draw lessons that can be applicable to today鈥檚 developing countries. 3. You can explain how the Korean economy has interacted with the global economy in the past. 4. You can observe how economic theories and models can be applied to the Korean case.
The early 1990s
Skills You'll Learn
Export Control, International Relations, Economics, Socioeconomics, Financial Systems, Growth Strategies, Economic Development, International Finance, Policty Analysis, Research, and Development, Crisis Management
Reviews
4.8 (414 ratings)
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DH
Aug 24, 2018
This is an excellent background of Korea's History in economic area. You can take as example of poverty till development and see that correct decisions lead to a development future
SS
Aug 15, 2021
Thank you Professor Lee for this wonderful course. All the lectures were amazing and every concept was clearly understandable. I had a really great time learning about this!
From the lesson
The early 1990s
Module 12. The Early 1990s: In the early 1990s, the Korean economy has faced the end of high growth era. However, the Korean economy has failed to adapt itself to slower growth, and the problem of 鈥榟igh costs and low efficient鈥� economic structure emerged.
Taught By
Doo Won Lee
Professor