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This book explains how South Korea has uniquely transformed itself from a developing to a developed country by combining economic analysis with historical perspective, an approach badly needed but rarely taken by previous studies. The book shows that the country has done so through a tortuous process. It first explains how Korea failed earlier in history to emerge as a developing rather than a developed country after the Second World War but S...

This book explains how South Korea has uniquely transformed itself from a developing to a developed country by combining economic analysis with historical perspective. The book shows that the path has been a tortuous one, involving earlier failure in history and recurring crises after the high growth began"--