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Economics

Export-Led Growth Model in Emerging Economies

Quick fact

South Korea's GDP per capita grew from around $250 in 1960 to over $30,000 today, a transformation largely driven by an export-led strategy that turned the country from one of the poorest into a leading exporter of electronics, cars, and ships.

Why this is interesting

You've probably noticed that many of the world's fastest-growing economies—like South Korea and China—built their success on exporting goods to the world. Why did this strategy work so well, and can any country follow their path?