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two Modernization in the Third World and
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agricultural American areas average Bank Bank of Korea business income capital chaebol Chang Myon changes Chapter colonial Confucian contribution decade decline demographic transition early economic assistance economic development economic growth effective employment enterprises estimates exchange rate expansion expenditures exports factor farm household fertilizer fiscal foreign assistance foreign exchange Gini coefficient growth rate impact imports incentives income distribution increase industrial inequality inputs institutions interest rates investment Japan Japanese Korea Development Institute Korean development Korean economy Korean government land reform large numbers loans major manufacturing ment modern output Park Park Chung Hee percent of GNP period planning political population primary production rapid growth rapidly ratio regime relatively Republic of Korea result revenues Rhee rise role rural sector Seoul share social Source South Korea structure substantial Syngman Rhee Table tion trade U.S. dollar U.S. Military Government urban yangban