Case | HBS Case Collection | August 1996 (Revised December 1996)

Korean Development and Western Economics

by George C. Lodge and Courtenay Sprague


Provides a summary of Korea's economic performance during the past 40 years. Korea's economic strategy is discussed with regard to context--both the domestic (historic) and the international factors that have informed Korea's development. Simultaneously, Korea also functions as a case study for the divergence of Asian countries from the practice of Western neoclassical economics.

Keywords: Strategy; Development Economics; Decision Making; Policy; North Korea; South Korea;


Lodge, George C., and Courtenay Sprague. "Korean Development and Western Economics." Harvard Business School Case 797-008, August 1996. (Revised December 1996.)