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Unit 4 Macro: Growth and Development in South Korea

Wednesday, March 13, 2013
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As part of our revision for the Unit 4 macro paper we have been discussing in school growth and development issues in South Korea. The country now has a per capita income in excess of $30,000 and is a high-income developed country with membership of the OECD. Having escaped the middle-income trap, can South Korea continue to prosper or will the country have to modify their development strategies to meet fresh competitive challenges and changing expectations?

Download the student handout

Growth_and_Development_in_South_Korea.docx

Videos

Long Hours: http://www.youtube.com/watch?v=l_ZFIi9BX9w
Smart schools: http://www.youtube.com/watch?v=Cll9RP3F9mg
Ageing population: http://www.youtube.com/watch?v=Em4vbzS2Ijw
Mid Cap Quandary: http://www.bbc.co.uk/news/business-21175403

Economic growth in prospect: http://www.bbc.co.uk/news/business-20091248
South Korea – In search of a new model: http://www.youtube.com/watch?v=RGvl-kLzva8

Medical tourism in South Korea

Can this industry grow to a scale that will help re-balance the economy and lower the dependence on exporting manufactured goods? 

Long Hours in South Korea



South Korea fights income inequality


 




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