The Republic of Korea: The Effects of Economic Development in Population Changes

By Joseph D. Ryu

Final Paper for
Economic and Political Development in Non-Western States

Spring 2011

Abstract

Over the last half of the century, the rapid economic advances in Asia have been a critical point of study in economics and policymaking. These countries, namely the “Asian Tigers,” and their successes created new economic views and continue to grow influence in the global market. To look even 50 years ago, the progress of countries like China, Japan, Taiwan and the Republic of Korea are astounding. Over the years, these countries have adapted and changed to the issues and hurdles of sustaining growth. The globalization of the world, in particular, has played a great part in the changes as well. The factors attributing to and the transitions from primary goods and industrialization to service goods and modernization has not only affected the positive growth of these nations but have altered the population landscape of these countries, seen clearly on it’s affects on social and cultural norms. This paper would like to study the effect of population changes through the economic success of recently developed countries, specifically focusing on the country of the Republic of Korea. The implications of this research are universal but take keen note on the special perspective that comes from the “Asian Tigers,” namely from in the example of the Republic of Korea.

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