ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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South Korea The Entrepreneurial State

John Ashdown SOUTH KOREA is a land of the economic spectacle: an annual ten per cent rate of growth since 1962 (and a breathtaking 40 per cent rate of growth of exports). In the miracle year of 1973, national product grew by nearly 17 per cent. Even in 1976, when the rest of the world was still groggy from the battering of 1974, Korea expanded its national product by 15.5 per cent, and its exports

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