Catch-up economics and authoritarian politics: A case study from South Korea

Abstract

Economic development is of great significance to all countries in the era of globalization. In the history of economic development of various countries, while some countries are still looking for the road of economic development, South Korea has made clear its goals and implemented quickly to make economic development. The economic theory of this is still of great reference to some countries today. In order to study the reasons for the rapid development of South Korea, based on the characteristics of South Korea's Catch-Up economy, combined with the Five-Year Plan and Authoritative Policies, summary and research. This article will use the method of case analysis and comparison, through case description, analysis, deficiencies, suggestions and conclusions to study and analyze the economic development of South Korea. The Korean model can be used for reference, but it needs to be implemented according to national conditions. Not every country is suitable for the Korean model.