Go to the Mian menu
Go to the Mian menu

Occasional Paper SeriesKIET Korea Institute for Industrial Economics and Trade

  • home
  • Publications
  • Occasional Paper Series

The Reduced Impact of Exports on Korea’s Economic Growth : A Demand-side Approach

Author Jong-seok Oh, Sungwook Hong, Duyong Kang Date 2018.10.18 Page 46
File pdf

Until recently, Korea has pursued an export-led growth strategy in which manufacturing exports have played a leading role in the economic growth of the country. There is no question that this strategy has been successful, as Korea joined the ranks of the OECD in a comparatively short period of time. Once one of world’s poorest countries, its GDP per capita reached almost 29,000 USD by 2017.