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South Korea, a highly-developed and wealthy economy that epitomizes the story of a modern Asian nation, has made the transition from a very poor to very rich in less than one life’s generation.

Today, the nation is a glistening beacon of technological innovation that leads the world in highly productive and profitable industries.

In this episode, we’ll explore how South Korea proves how solid economic management is far more important than natural resources in determining a country’s destiny.


📚 Want to learn more about the economy of South Korea? We recommend reading “The Politics of Economic Reform in South Korea: A Fragile Miracle”, by Tat Yan Kong
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#SouthKorea #Chaebol #Economics


Sources & Citations –

Lie, J., 2000. Han unbound: The political economy of South Korea. Stanford University Press.

Koo, H., 1984. The political economy of income distribution in South Korea: The impact of the state’s industrialization policies. World Development

Haggard, S., Kim, B.K. and Moon, C.I., 1991. The transition to export-led growth in South Korea: 1954–1966. The Journal of Asian Studies

Kalinowski, T. and Cho, H., 2009. The political economy of financial liberalization in South Korea: State, big business, and foreign investors. Asian Survey

Kong, T.Y., 2013. The politics of economic reform in South Korea: A fragile miracle. Routledge.

Campbell II, T.L. and Keys, P.Y., 2002. Corporate governance in South Korea: the chaebol experience. Journal of corporate Finance,

Chang, C.S., 1988. Chaebol: The South Korean Conglomerates. Business Horizons,

Bierstaker, J.L., Seol, I., Albrecht, C., Turnbull, C., Zhang, Y. and Skousen, C.J., 2010. The relationship between South Korean chaebols and fraud. Management Research Review.


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