Asian Economic History

Asian economic history Brief Economic fool and Government Policy Korea was one of the poorest countries in world afterwarfareds experiencing two struggles. World War II and Korean war (1950 ~ 1953). The country even experienced a food dearth so that it had to heavily rely on the foreign aid. annually per capita consumption was a mere $88 as lately 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 growth GNP multiplied twenty generation from $3 meg to $63 billion and per capita GNP increased sixteen clock 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 whatsoever important one. At the same time, this would be also prudent for current recession. After Koran war, the government in receive had no sense of direction and also due to the unst...If you band to get a full essay, order it on our website: OrderEssay.net

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