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The economic dream – part 1

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South Korea managed to compress centuries of development into a few decades. Its economic transformation has made it a poster child for rapid economic progress.

It is a model of development which other late-industrialising countries have long been encouraged to copy. But what exactly does the model of development involve?

In the first of a two-part series, Hyun-Sung Khang investigates the South Korean success story.

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