How Long to Read South Korea’s Industrial Development Since the Early 1960s

How Long Does it Take to Read South Korea’s Industrial Development Since the Early 1960s?

It takes the average reader and 19 minutes to read South Korea’s Industrial Development Since the Early 1960s by Sang-Woo Nam

Assuming a reading speed of 250 words per minute. Learn more

Description

The paper examines the remarkable growth of the South Korean economy from the early 1960s to the early 2000s. This paper provides an overview of South Korea’s industrial development process, with a particular emphasis on the heavy and chemical industries’ drive in the 1970s and the impact of educational expansion and investment on technological capabilities. The paper shows how this economic growth was primarily due to an export- oriented industrialization strategy and consistent upgrades to industrial infrastructure and systems to remain competitive in the global market. One of the most important policies pursued by the government was the development of the country's human potential. The paper argues that without this investment, it would have been impossible for South Korea to emerge as one of the most innovative economies in the world. These achievements are attributable to the vision of the political leadership, a supportive government, the hard work of entrepreneurs and others who contributed their valuable human resources. It also examines the 1997 foreign exchange crisis, its causes, and impact on South Korea, as well as the lessons learned, and new policies enacted in its aftermath. The rapid build-up of industrial capabilities was the result of a substantial reduction in investment risks with comprehensive government support for financing, infrastructure, technology and manpower development. However, this also made South Korea's large multi-national industrial companies (chaebols) reckless in fiscal policies. Furthermore, a concentration of economic power and chaebol's putting family interests first — remains a cause of serious socio-political tension in South Korea. The paper concludes that South Korea’s industrial development since the early 1960s include: strong political leadership with vision and a strong commitment to economic development; industrial policy with a focus on promoting heavy and chemical industries; state-chaebol development partnership; and huge investment in human capital and technological capabilities.

How long is South Korea’s Industrial Development Since the Early 1960s?

South Korea’s Industrial Development Since the Early 1960s by Sang-Woo Nam is 19 pages long, and a total of 4,921 words.

This makes it 6% the length of the average book. It also has 6% more words than the average book.

How Long Does it Take to Read South Korea’s Industrial Development Since the Early 1960s Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 26 minutes to read South Korea’s Industrial Development Since the Early 1960s aloud.

What Reading Level is South Korea’s Industrial Development Since the Early 1960s?

South Korea’s Industrial Development Since the Early 1960s is suitable for students ages 6 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy South Korea’s Industrial Development Since the Early 1960s?

South Korea’s Industrial Development Since the Early 1960s by Sang-Woo Nam is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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