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Export Promotion Policies, Export Composition and Economic Development of Korea

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  • Mah Jai S.

    (Ewha Womans University)

Abstract

Korea has achieved rapid economic development for the past few decades, raising its economic stature from one of the most impoverished countries in the world to an advanced industrial nation. Korea will host the G20 summit meeting in November 2010. What is the reason for the rapid economic development of Korea? This paper discusses the policy measures taken by the Korean government to promote exports, analyse their contribution and problems, and provide developing countries with the implications for their economic development process under the WTO system drawn from the experience of export-led economic development of Korea.

Suggested Citation

  • Mah Jai S., 2011. "Export Promotion Policies, Export Composition and Economic Development of Korea," The Law and Development Review, De Gruyter, vol. 4(2), pages 3-27, February.
  • Handle: RePEc:bpj:lawdev:v:4:y:2011:i:2:n:2
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    References listed on IDEAS

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    1. Subrata Ghatak & Chris Milner & Utku Utkulu, 1997. "Exports, export composition and growth : cointegration and causality evidence for Malaysia," Applied Economics, Taylor & Francis Journals, vol. 29(2), pages 213-223.
    2. Krishna Iyer & Alicia Rambaldi & Kam Ki Tang, 2009. "How trade and foreign investment affect the growth of a small but not so open economy: Australia?," Applied Economics, Taylor & Francis Journals, vol. 41(12), pages 1525-1532.
    3. Subrata Ghatak & Stephen Price, 1997. "Export composition and economic growth: Cointegration and causality evidence for India," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 133(3), pages 538-553, September.
    4. Lederman, Daniel & Olarreaga, Marcelo & Payton, Lucy, 2010. "Export promotion agencies: Do they work?," Journal of Development Economics, Elsevier, vol. 91(2), pages 257-265, March.
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