OECD Review of Career Guidance Policies - Korea Country Note
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- 2002-10-28 03:40
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http://www.oecd.org/pdf/M00035000/M00035189.pdf
From being one of the poorest countries in the world, the Republic of Korea has experienced half-a-century of spectacular industrialisation and economic growth. In 1953 its per capita income was 1% of the OECD average; by 1992 it was almost one-third of that average and on a par with Greece and Portugal. Following the economic crisis which beset Korea and the other 'Asian tigers' in 1997 and a recession in 1998, Korea has made a strong though not yet consolidated recovery. Its current per capita income (15,700 US dollars in 2001, at purchasing price parities) is slightly under two-thirds of the OECD average, and 57% of that in neighbouring Japan.
From being one of the poorest countries in the world, the Republic of Korea has experienced half-a-century of spectacular industrialisation and economic growth. In 1953 its per capita income was 1% of the OECD average; by 1992 it was almost one-third of that average and on a par with Greece and Portugal. Following the economic crisis which beset Korea and the other 'Asian tigers' in 1997 and a recession in 1998, Korea has made a strong though not yet consolidated recovery. Its current per capita income (15,700 US dollars in 2001, at purchasing price parities) is slightly under two-thirds of the OECD average, and 57% of that in neighbouring Japan.