Park Chung Hee Economic Development

Park chung hee s military junta overthrew the rok s civilian government on 16 may 1961 charging that the government had allowed the country to fall into chaos.

Park chung hee economic development. For this involvement us agreed to aid korea in modernizing its military and also provide economic development aid as well. As wages rose economic development shifted from labor to capital intensive industries. The economic development of south korea continued at the cost of major sacrifices for the working class. Possessing few natural resources it depended on a low wage educated and disciplined labor force to produce goods for exports.

2 declaration i certify that the thesis i have presented for examination for the mphil phd degree of the london school of economics and political science is solely my own work other. The government did not recognize a minimum wage or weekly leave imposed periods of free work for its benefit and working days were of a duration of twelve hours. 2 november 2015 this was a student conducted interview with a korean man who traveled to germany as a miner. The foreign policy of park chunghee.

Both leaders are often heavily criticized for the brutal ways in which they dealt with their oppositions. Under the military government of park chung hee pak chǒng hǔi which came to power in 1961 the state gave priority to economic development focusing on a combination of state planning and private entrepreneurship. His iron grip allowed him to carry on the economic development projects at the pace that he demanded. South korea s miraculous economic development one of the biggest mysteries of the modern world it was no mystery to the koreans.

When giving examples of the multiple ways park chung hee strived to develop korea s economy. Kim provides a new narrative in the complex task of exploring the paradoxical nature and effects of korea s rapid development which. 1968 1979 lyong choi a thesis submitted to the department of international history of the london school of economics for the degree of doctor of philosophy london june 2012. The new leaders vowed to usher in an era of economic development.

Focusing initially on textiles and footwear south korean. Park was a very determined leader and he was ruthless against his opposition. Only other leader who was able to do this was lee kwan yu of singapore. Based on personal interviews with the principal policy makers of the 1970s korea s development under park chung hee examines how the president sought to develop south korea into an independent autonomous sovereign state both economically and militarily.