Скачать или смотреть The Economic Miracle of South Korea

Certainly! Here's a summary in English of the text about South Korea's economic development:

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At its independence in 1948, South Korea was an impoverished, predominantly agricultural state. Most of the industry and electrical power were in North Korea. The country faced a devastating war from 1950 to 1953, followed by a slow recovery. However, from 1961 to 1996, South Korea experienced rapid economic growth, transforming into a prosperous, industrial society. During this period, its economic growth rates were among the highest globally.

Under the military government of Park Chung Hee, South Korea prioritized economic development, combining state planning with private entrepreneurship. Despite having few natural resources, it relied on a low-wage, educated, and disciplined labor force for export-oriented production. As wages increased, the focus shifted to capital-intensive industries. Manufacturing expanded from textiles and footwear to steel, heavy equipment, ships, petrochemicals, electronics, and automobiles.

The close cooperation between the state and large family-owned conglomerates (chaebols) characterized South Korea's industrialization. Even after the transition to democracy, labor remained influential, driving further capital-intensive industry development. By 1996, South Korea achieved recognition as a "developed state," narrowing the gap in living standards compared to Western Europe and Japan. Although economic growth slowed after 1996, South Korea continued to innovate in technology¹².
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