1. asian econimic history
Brief Economic History and Government Policy Korea was one of the poorest countries in world after experiencing two wars. World War II and Korean war (1950 ~ 1953). ... After two major wars, the country even with a food shortage experienced lack of capital. ... As a result, an increase in domestic savings and huge inflow of foreign borrowings had positive effect on economic growth in Korea due to an increase in capital accumulation. Controlling exchange rate is another good example to describe the effect of government's role on Korean economic development. ...
- Word Count: 2573
- Approx Pages: 10
- Grade Level: Undergraduate