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La experiencia económica de Corea del Sur: lecciones y desafíos

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  • Rosales V., Osvaldo

Abstract

This article reviews South Korea’s economic experience, defining it as a successful case of economic convergence. It highlights a leading role of public intervention to promote export industrialization, with initial phases of protection and then with others of promotion of export of manufactures, adapting education to the economic strategy’s challenges. The result shows relevant achievements in productivity, innovation, technological leadership, and a considerably better income distribution than that of Latin America. Finally, the article tries to detect the main axes of this strategy, by discussing the possibility of separating them from the authoritarian political regime that promoted them.

Suggested Citation

  • Rosales V., Osvaldo, 2021. "La experiencia económica de Corea del Sur: lecciones y desafíos," El Trimestre Económico, Fondo de Cultura Económica, vol. 88(352), pages 1247-1273, octubre-d.
    • Handle: RePEc:elt:journl:v:88:y:2021:i:352:p:1247-1273
    DOI: https://doi.org/10.20430/ete.v88i352.1341
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    More about this item

    Keywords

    industrialization; export orientation; role of the state; innovation; technological development; education; income distribution.;
    All these keywords.

    JEL classification:

    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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