Mirror, Reflection, and Prospect: South Korea's Integration into Economic Globalization—Process, Experiences, and Implications for China

Yu Han

doi:10.71113/JCSIS.v2i5.293

Authors

Yu Han Hanyang University, Republic of Korea

DOI:

https://doi.org/10.71113/JCSIS.v2i5.293

Keywords:

economic globalization, South Korea’s economic miracle, implications for China

Abstract

From the 1960s to the present, South Korea has risen from the ashes of war, rapidly and comprehensively undergoing a modernization process that transitioned from an agrarian economy to one led by light industry, then heavy and chemical industries, followed by the tertiary sector, and finally a knowledge-based economy. This trajectory mirrors the path China is currently on and will continue to pursue. A key factor in South Korea’s successful economic and national transformation has been its adept utilization of opportunities afforded by economic globalization. Its valuable experiences offer important lessons for China.

References

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