International Journal of Political Science and Development

About us
Contact us
Publication Ethics
Submit paper
Author's guide
Current Issues
Join Review Board
Download E-Book

International Journal of Political Science and Development

Vol. 3(3), pp. 138151, March, 2015.  

DOI: 10.14662/IJPSD2015.021

ISSN: 2360-784X



Research Paper



Economic and Social Transformations of Korea; Lessons for Developing Countries With a particular Relevance to Ethiopia


Mohammed Yimer


Department of Civic and Ethical Studies, College of Social Sciences and Humanities, Arba Minch University,

Arba Minch, Ethiopia. E-mail: muhamed_yimer@yahoo.com


Accepted 20 March 2015




The economic and social transformations of South Korea since 1960 are one of the biggest success stories in the history of development. In just a few decades, South Korea transformed itself from an agricultural society to an industrialized nation exporting high-technology products within the same time gap, it could dramatically and successfully transformed itself from aid effectiveness to development effectiveness. Though, just like many developing countries, authoritarian rule was a norm in Korea, more than two decades of authoritarian rule South Korea changed relatively peacefully to a democratic society in 1987.In the face economic stagnation and enormous development problems: Poverty, inequality, a low life expectancy, illiteracy, and poor service delivery, Ethiopia is trying its best to transform itself to standard in which its citizens in every stage will be beneficiary. It can get valuable insights for its journey towards sustainable development. Accordingly, Ethiopia needs to take lesson in the specific areas in which Korea has been used. Among others, investment in infrastructure, building human capability, technology transfer, Export orientation, tax policy and administration, technology financing, industrial policy, foreign direct investment and others are the directions in which Ethiopia can take ultimate advantage.

Key Words: Social, Economic transformation, Economic Development, Lessons, Korea, Developing Countries, Ethiopia


Cite This Article As: Yimer M (2015). Economic and Social Transformations of Korea; Lessons for Developing Countries With a particular Relevance to Ethiopia. Inter. J. Polit. Sci. Develop. 3(3): 138-151






Current Issue: March 2015


Submit Paper


Join Editorial Board


Inter. J. Polit. Sci. Develop.

  Vol. 3 No. 3

  Viewing options:

Reprint (PDF) (288k)

  Search Pubmed for articles by:


 Yimer M

  Other links:
  PubMed Citation
  Related articles in PubMed


Other Journals

International Journal of Economic and Business Management


International Journal  of Academic Research in Education and Review


Internation Journal of Academic Library and Information Science




International of Political Science and Development

Academic Research Journals/ Privacy Policy