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Korea’s Economic Miracle

The Crucial Role of Japan

  • Robert Castley

Table of contents

  1. Front Matter
    Pages i-xx
  2. Introduction: Some Preliminary Observations

  3. Part I

    1. Front Matter
      Pages 27-27
    2. Robert Castley
      Pages 29-77
    3. Robert Castley
      Pages 78-106
  4. Part II

    1. Front Matter
      Pages 107-107
    2. Robert Castley
      Pages 109-145
    3. Robert Castley
      Pages 167-192
    4. Robert Castley
      Pages 193-210
    5. Robert Castley
      Pages 211-221
  5. Part III

    1. Front Matter
      Pages 223-223
    2. Robert Castley
      Pages 252-290
  6. Part IV

    1. Front Matter
      Pages 291-291
    2. Robert Castley
      Pages 293-327
    3. Robert Castley
      Pages 328-353
  7. Back Matter
    Pages 354-396

About this book

Introduction

Very few developing countries have successfully industrialised. Many are under pressure from international organisations to achieve 'self-sustainable' industrialisation. This is why Korea's case is particularly interesting. There have been many attempts to explain the causes of Koreas' economic miracle. These have focused mainly on the internal factors such as the discipline of the Korean workforce and export-promotion policies. The present study however shows that these factors contributed to Korea's impressive growth but do not explain the reasons for her success. External factors have been more important, the Japanese economy in particular. This book examines therefore in detail the impact of Japan's economic growth on the Korean economy, in particular the stimulating effects of trade, sub-contracting, relocation of industry, investment, loans and technology transfer. It demonstrates how Japan provided a range of goods, services and capitals which were precisely what the newly industrialising country needed.

Keywords

economic growth Export growth Import

Authors and affiliations

  • Robert Castley
    • 1
  1. 1.Faculty of Economics and Social StudiesUniversity of ManchesterUK

Bibliographic information