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Korea: Miracle on the Han River

South Korea is famous for its spectacular rise from one of the poorest countries in the world to a developed, high-income country in just one generation. South Korea has experienced one of the largest economic transformations of the past 60 years. It started as an agriculture-based economy in the 1960s, and it became the 11th largest economy in the world in terms of gross domestic product (GDP) in 2016. How did the industrialization miracle take place? ... [Show More]

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