Foreign Affairs Article

PrintPrint EmailEmail ShareShare CiteCite


Six Markets to Watch: South Korea

The Backwater That Boomed

Author: Marcus Noland
January/February 2014
Foreign Affairs


South Korea's development over the last half century has been nothing short of spectacular. Fifty years ago, the country was poorer than Bolivia and Mozambique; today, it is richer than New Zealand and Spain, with a per capita income of almost $23,000. For 50 years, South Korea's economy has grown by an average of seven percent annually, contracting in only two of those years.

Request permission to republish or photocopy this Foreign Affairs article

Read full article at

More on This Topic