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Country/City
Republic of Korea
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Topics
Policy and Governance, Economic and Social Development
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Published On
June 1, 2016
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Author(s)
Korea Ministry of Economy and Finance - Knowledge Sharing Program (KSP)
The study of Korea’s economic and social transformation offers a unique window of opportunity to better understand the factors that drive development. Within approximately a single generation, Korea transformed itself from an aid-recipient basket-case to a donor country undergoing fast-paced and sustained economic growth. What makes Korea’s experience even more remarkable is that the fruits of Korea’s rapid growth were relatively widely shared.