Economic Development in the Republic of Korea: A Policy Perspective

administration agricultural allocation annual average bank loans Bank of Korea billion won capital cial commodity competition Confucian conglomerates construction services contributed cost countries decline deposits economic development economic growth effect efficiency exchange rate expansion export farm fertility firms foreign exchange funds government's grain GTCs HCI Plan heavy and chemical implementation important improve incentives income increase indirect taxes inflation institutions interest rates interest-rate investment Japan Japanese Korea Development Korea Development Institute Korean economy Korean War labor major manufacturing medical insurance ment monetary money supply nomic Park Chung Hee percent period policy measures political population President Park production projects promote rapid ratio reduced reform Republic of Korea result rice rural Saemaul sector Seoul share social Source South Korea stabilization structure Table tariff tax revenue tion trade U.S. dollar urban wage