South Korean Foreign Trade Patterns

From the Paper:

"Analysis of South Korean Foreign Trade Patterns

Introduction
After World War II, South Korea was largely agricultural and poor, while the North had most of the industry and mineral wealth, developed largely by Japan in the colonial era (Facts about Korea, 1993). This disparity continued until the 1960s, when the South Korean economy began to industrialize and expand, at the same time the North's began to stagnate. Today, the situation is the reverse of what it was in the 1940s and 1950s; the South is relatively rich and industrialized, and the North poverty-stricken and isolated, no longer subsidized by the former USSR.

The story of South Korea's economic development is a textbook case of how an underdeveloped country transforms itself into an ..."

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