Reproducibility of the Korean Economic Miracle

Abstract

This chapter considers the reproducibility of the Korean economic miracle in the modern era. The chapter begins by repudiating the myths of the Korean economy stated in Chap. 2, and then argues that indeed, albeit various difficulties and drastic change in the socio-political landscape, the replicability remains rather positive. What can be replicated is the infusion of the economic discrimination principle into the nation’s institutions and policy-making led by strong leadership.