10_10_Notes

10_10_Notes - Econ 4730 F2008 1 We are now starting on...

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Econ 4730 F2008 (10/10/2008) 1 We are now starting on economy-specific evidence in Part 2 of wan (2006), starting with the Republic of Korea, the largest of the four NIEs, in population and area, and with a policy and economic structure distinct on its own. The similarity in performance and the differences in detail are what make Part 2 important, showing a rich menu of alternative growth trajectories one can take in export- led development. In the present case, apparently, both history and size matter, so that the achievement of Korea may not be entirely replicable in a one-to-one translation into another economy. But the insight one can gain from such cases remains valuable. In the case of Korea, both the history of the economy, and the initial period of industrialization are relevant for this type of growth path. Korea is a country with (a) a population larger than any West European nation except Germany (if the North and the South are combined), and (b) a culture that produced moving metal types in 1234, centuries before Guttenberg, as
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This note was uploaded on 02/20/2009 for the course ECON 4730 taught by Professor Henrywan during the Fall '08 term at Cornell.

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10_10_Notes - Econ 4730 F2008 1 We are now starting on...

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