South Korean Foreign Trade Patterns Essay by The Research Group

South Korean Foreign Trade Patterns
Traces the economic and trade patterns of Korea from the 1950s through the 1990s. Discusses factors of changes and the future outlook for the South Korean economy.
# 22127 | 2,475 words | 7 sources | 1995 | US
Published on Mar 03, 2003 in Economics (International) , Asian Studies (General)

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From the Paper:

"Analysis of South Korean Foreign Trade Patterns

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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