The Impact of South Korea's Pre-War Manufacturing Experience Essay

The Impact of South Koreas Pre-War Manufacturing Experience - Essay ExampleThis paper illustrates that Korea is the third largest providence in Asia, next to lacquer and China. An economic backwater in the 1950s and prior to that, South Korea has practically built its current economic progress from scratch. Its road to success is widely credited from the low-cost but high-quality export return which drives an annual trade growth rate of at least 12%, making the country the thirteenth-largest handicraft economy in the world. The Korean economy boasts of a long-term growth which converted the once low-income and war-torn country into an economic powerhouse in a span of mere decades. In fact, in practiced half of a century later since the Korean peninsula was divided at the 38th parallel, the southern relegate has demonstrated that poor and weak country, constantly being subjugated by its more powerful neighbors, croup leapfrog the international hierarchy of reading and practic ally eliminate the incidence of poverty. Today, its export-driven economy enabled the country to puzzle the worlds largest shipbuilder, the third biggest manufacturer of large capacity memory chips, and a substantial worker in the global automobile industry. The pre-industrial economy of Korea points to several factors for its system and influences Japanese occupation the conflicts, such as the Korean War and the Second World War Koreas partition and, finally, and Park Chung Hee and his Korean Model. When Japan bested China in the Sino-Japanese War in 1894, it began to interfere with Korean affairs until it fully annexed the country in 1910. In effect, it was the Japanese who developed Koreas economy, educational system, and infrastructure. However, such hand in Koreas development was harsh and that it was mainly geared towards designing the Korean economy to benefit further the Japanese economy and not for some altruistic reasons.