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The Strategy for Korea's Economic Success$
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Hwy-Chang Moon

Print publication date: 2016

Print ISBN-13: 9780190228798

Published to Oxford Scholarship Online: May 2016

DOI: 10.1093/acprof:oso/9780190228798.001.0001

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Korean Government Leadership for National Growth

Korean Government Leadership for National Growth

(p.31) Chapter 2 Korean Government Leadership for National Growth
The Strategy for Korea's Economic Success

Hwy-Chang Moon

Oxford University Press

It is undeniable that the government played a significant role throughout the history of Korea’s development. In analyzing the impact of government policy, it pays to emphasize the “how” approach rather than the “what” approach. The chapter details the developmental state and its motivations and policy implementations of each successive Korean presidential administration, from Rhee Syng-man to Park Geun-hye. Starting with a strong, militaristic government in the 1960s, Korea’s growth model has been remarked as the most “text-book-like” showcase of how to develop both capitalism and democracy. By pursuing different objectives in line with the respective challenges at the time, each president was able to turn an overwhelming competitive disadvantage into a competitive advantage.

Keywords:   Korea’s development, Government policy, “what” approach, “how” approach, competitive disadvantage, competitive advantage, Park Geun-hye

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