Abstract
Abstract South Korea is a country that has achieved economic development despite the obstacles it faced as a war-torn country with few natural resources and little capital. Poverty and lack of democracy, as well as war and conflict, were challenges the country faced in the early 1960s; issues not very different from those many developing countries face in the 21st century. This chapter focuses on the following topics during the most dynamic period in South Korea’s economic development from the 1960s to the 1980s: the developmental state and industrial policies; the role of the private sector; and state–business relations (SBRs).
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