Korea's overall development performance since the policy reforms in 1964-1965 has been striking. The role of monetary and fiscal policy in increasing public and private savings has been a key factor. But also, exports have proven to be a powerful engine of growth and, due to their labor intensity, they have contributed greatly to the rapid expansion of productive employment, which in turn has doubtless been a major factor in maintaining a relatively...
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INFORMATION
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1977/02/28
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Document de travail des services de la Banque mondiale
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SWP249
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1
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1
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2010/07/01
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Disclosed
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Korea's exerience with export-led industrial development
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united states agency for international development