The Korean Economy: Six Decades of Growth and Development

South Korea's economic success has often been called a "miracle." There has been an ongoing debate about the factors behind its success, which has attracted the interest of not only academics but also policy practitioners.
Korea's experience holds relevance for other developing countries that want to catch up with advanced economies in a short period of time, as Korea did. A careful study of Korea's economic history is also essential to chart its future path in the face of new challenges.