Table 1
Five phases of the Korean economy
Sources: Author’s calculations using annual GNP growth rates in Charles R. Frank Jr. et al., Foreign Trade Regimes and Economic Development: South Korea (National Bureau of Economic Research, 1975), Table 2-4 for 1954–1962 and annual GDP data in constant local currency units from “World Development Indicators,” World Bank, 1962–2008.
Note: HCI = heavy and chemical industry.
