South_Korea

South Korea In Webster’s dictionary, economic growth is defined as a positive change in the level of production of goods and services by a country over a certain period. Around 1953 South Korea realized that for their economy to grow they must develop manufacturing skills so they could reduce the amount of money being spent on foreign goods and redistribute it further throughout the country. For a short period, the Korean government even forced their own people to work for lower wages so profits would increase and force the economy to progress. Even though this was not a traditional proposal, the effects seemed to help the country advance. In addition to the financial problems, South Korea also needed to address other major issues such as, transportation, agricultural, and manufacturing. In the late 1950’s, South Korea decided that they needed to revamp their already existing highways and its south, korea, manufacturing, government, decided, country, technology, taken, slowly, realized, profits, period, people, over, needed, make, late, issues, introduce, industry, growth, goods, even, economy, economic, become, agricultural, world, work, webster’s, wanted, wages, until, transportation, transport