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- W2517326419 abstract "The Republic of Korea (commonly known as South Korea) has for over two decades enjoyed one of the world's most spectacular and consistent national growth rates. During the 1960s and 1970s, the country's real GNP grew an average of about 10 percent per year, and exports 40 percent. Manufacturing output rose from 8 percent of GNP in 1955 to 32 percent in 1975.1 The largest part of the growth was achieved by the Koreans themselves, and the government's biggest policy decision was undoubtedly its single-minded drive to increase exports; its decision to open the country wide to foreign investment, however, and its efforts to create an attractive environment for foreign manufacturers also played an important part. Foreign companies made a modest but significant contribution to the country's export growth and brought jobs, training, and increasing prosperity to a broad spectrum of Korean managers, technicians, and laborers.2 For two decades, relatively few complaints were heard from foreign investors about the treatment they received in the country, while on the Korean side there has been little antiforeign rhetoric or other evidence of national resentment against the outsiders. The era of Chung-Hee Park as president (1961-1979) marks a convenient dividing line; at the beginning, South Korea was among the world's poorer and less-industrialized nations, while by the late 1970s it was among those classed as newly industrializing. During this period, Korea succeeded in making itself" @default.
- W2517326419 created "2016-09-16" @default.
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- W2517326419 date "1986-01-01" @default.
- W2517326419 modified "2023-09-23" @default.
- W2517326419 title "Foreign Investment as an Aid in Moving from Least Developed to Newly Industrializing: A Study in Korea" @default.
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