Taiwan South Korea

Question 1

Taiwan state agencies (3)

Answer 1

1) central economic planning and development (CEPD) - 1977
2) china external trade development council (CETDC) - 1970
3) industrial technological research institute (ITRI) -1973

Question 2

South Korea state agencies

Answer 2

1) Economic planning board (1960s)
2) Ministry of trade, industry and energy (MOTIE)
3) Korean overseas trade association (KOTRA)
4) Korean institute for science and tech (KIST)

Question 3

Role of government

Answer 3

Foundational:

1) economic bureaucracy (state planning)
2) push for EOI
3) control over labour
4) overcoming external problems in 1980s (Neo liberalisation)

Question 4

Actors in determining growth

Answer 4

1) government (Foundational)
2) businesses, enterprises
3) external powers (Japan, USA)
4) MNCs - FDI
5) culture

Question 5

Schools of thought (4)

Answer 5

Government - capitalist development state
Japan - flying geese formation
USA - US hegemony
Culture- cultural disposition from Neo-Confucianism

Question 6

What did government of Taiwan do in 1960s (2)

Answer 6

• devalue currency by 40%

- create export processing zones (EPZ) -Kaohsiung in 1967

Question 7

Taiwan government in 1970s (1)

Answer 7

• ten major development plans - $8billion: develop infrastructure. Built steel plants, roads, transport infra

Question 8

Taiwan’s economy (stats) - economy growth through decades

Answer 8

1960s : 9-10% gdp growth annually. Manufaxturing output in areas by 20%
1970s: 7-8% gdp growth. Manufacturing expanded by 15% annually.

Question 9

Korea economic stats

Answer 9

-1960s: 9-10% gdp growth. Exports grew from $40million in 1962 to 1billion by 1970. 20billion by 1982

1970s: growth of 9.5%
exports, manufacturing 12%
trade surplus of 23.3bil