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Thursday, 14 March 2013

Unit 4: Economic Development in South Korea


This article discusses growth and development issues in South Korea. 

The country now has a per capita income in excess of $30,000 and is a high-income developed country with membership of the OECD. Having escaped the middle-income trap, can South Korea continue to prosper or will the country have to modify their development strategies to meet fresh competitive challenges and changing expectations?

Download this handout to help you:


Videos to help decide what model to follow:

Economic growth in prospect: http://www.bbc.co.uk/news/business-20091248
South Korea – In search of a new model: http://www.youtube.com/watch?v=RGvl-kLzva8

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