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Showing posts from March, 2017

Why Has South Korea Prospered?

Introduction South Korea, along with other "Tiger Economies" Japan and Taiwan, is considered a “miracle economy” in the field of political science. Because of its overall prosperity and unusual path to becoming so (Lim 2016), this phenomenon is often referred to as the "Miracle of the Han River." Now, even amidst the impeachment of the former president of Korea, Park Geun Hye, South Korea is considered to be one of the most successful nations in Asia. Being the home to corporate superpowers such as Samsung, Hyundai, and the Korean Pop (K-Pop) industry, South Korea is the fifth largest exporter in the world ( Observatory of Economic Complexity ). The purpose of this research is to explore the rich literature on this subject and test hypotheses that explain this phenomenon in a real-world context. While I am not suggesting the existence of internal validity issues with the existing investigations of these theories, it is important for a student of political sci