英语论文网

UNIVERSITY OF SOUTHAMPTON 2008
SCHOOL OF SOCIAL SCIENCES
Economics
ECONOMIC

英国留学生论文

https://www.51lunwen.org/uk/

GROWTH IN SOUTH KOREA:
CONTRIBUTORY FACTORS AND EXTERNAL RELEVANCE
Matthew Wale (21023743)
Presented for B.Sc. (Social Sciences) Accounting and Economics
June 2008
I declare that this dissertation is my own work, and that where material is obtained from published or unpublished work, this has been fully acknowledged in the references.
Signed: 2
Acknowledgments
I would like to thank my family and friends for the help and advice they have given me in completing this paper. I also wish to thank my supervisor, Xavier Mateos-Planas for his guidance and assistance.
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Contents
1.0 Introduction p4
1.1
A Few Words On Korea’s Growth p5
2.0 Economic Growth Theories p7
2.1
Introduction p7
2.2
Old Growth/Neoclassical Theory p7
2.3
New Growth Theory p10
2.4
Thoughts & Conclusions p12
3.0 How did South Korea Grow So Fast? p14
3.1
Introduction p14
3.2
What made Korea grow? p15
Points 1,2,3 Outward Orientation p16
Point 4 Investment p17
Point 5 Shifting Sectors p18
Points 6,7 Technology & Human Capital p19
3.3
New Growth Theory and Korea p21
3.4
Thoughts & Conclusions p23
4.0 Is South Korea a suitable Blueprint for other nations to follow? P25
4.1
Introduction p25
4.2
Issues with Korea’s progress p25
4.3
Is Korea a suitable Blueprint, and can it be followed? P30
5.0 Concluding Remarks p34
6.0
Word Count p36
7.0
Bibliography p37
8.0
Appendix I –Library Skills Report p42
9.0
Appendix II – Interim Report p56
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1.0 - Introduction
Economic growth is a vital field of research; it is the vehicle of development that allows poorer nations to become rich. In the simplest terms, if an economy doesn’t grow, it cannot get richer; the population within cannot get richer, and their standard of living cannot improve. Understanding economic growth can help us to make decisions and take actions that can help countries to get richer, and contribute towards the improvement of quality of life.
Such an interesting and important topic demands further attention. This paper however, will not be strictly written about economic growth theory, nor will it become preoccupied with the vast and complex mathematical models seen with growth theory. This paper’s purpose is to look at distinct economic growth theories, and the determinants of economic growth within them, in the context of a particular growth issue. The rapid growth of the so-called ‘Tiger’ economies of East Asia (being Singapore, Hong Kong, Taiwan and South Korea) has been described by some economists as ‘miracle’ growth (World Bank 2003). These economies made a huge leap in income levels over the latter half of the 20th century, and are now near the levels of the world’s richest (Stiglitz 2001). .
The three key aims of this paper are as follows:
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