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Advanced Trading Nation: Korea's New Paradigm of Economic Development
economic opening, trade policy
Author Nakgyoon Choi et al. Series 05-01 Language Korean Date 2005.04.15
Korea now needs a new development strategy, not only fit for its present economic and social conditions but also fit for the challenges of globalization. Korea has to break from the previous trade paradigm, export maximizing and import minimizing trade combined with free riding on worldwide economic liberalization. Concurrently Korea needs to create a new paradigm based on actively taking advantage of globalization as a driving force of economic development. (The rest is omitted.)
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