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South Korea: Pressurized Takeoff

In: Structural Inequality

Author

Listed:
  • Roger D. Norton

    (Texas A&M University)

Abstract

The narrative provides a sweeping view of South Korea’s economic and social evolution over the decades. It describes the Confucian era and its marked inequality of landowning later erased by historic land reform. It paints pictures of village life when South Korea was still poor. The author worked with Korean economists on a model to project growth possibilities for economic takeoff. The radical policy experimentation of those times is described. A return to a village shows the astonishing economic transformation made. The fact that Korean policy flexibility would no longer be permitted to a poor country by international agreements is underscored.

Suggested Citation

  • Roger D. Norton, 2022. "South Korea: Pressurized Takeoff," Springer Books, in: Structural Inequality, chapter 0, pages 255-292, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-08633-5_8
    DOI: 10.1007/978-3-031-08633-5_8
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