Abstract
THIS YEAR marks the 30th anniversary of the liberation of Korea at the end of World War II.1 It also marks the 25th anniversary since the North Korean Communists launched their unprovoked aggression against my country. Since then, the Republic of Korea has been able to achieve truly remarkable economic progress, owing largely to able political leadership, the practical wisdom, patience, and diligence of our people, the free enterprise system, and the support of foreign aid and investment. Among all the underdeveloped countries that have been receiving American assistance, the Republic of Korea has been the most successful in attaining a high degree of economic progress. We have achieved an average annual growth rate of 10.3 percent in Gross National Product over the past decade and 44.7 percent in exports. Not very long ago, we were totally dependent on American generosity; now we have become the 12th largest trading partner of the United States. With a little more effort on our part, we confidently expect to accomplish our goal of becoming a self-sustaining economy sometime in the 1980s.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
