We use cookies on this website to give you a better user experience. By continuing to browse the site, you are agreeing to our use of cookies. Learn more

Growth Policy and Inequality in Developing Asia: Lesson from Korea

Growth Policy and Inequality in Developing Asia: Lesson from Korea
1 July 2012
Hyun-Hoon Lee, Minsoo Lee, Donghyun Park
Human Capital, Regulation and Governance

Print Article:


While developing Asia has traditionally prioritized growth over equality, recent years have witnessed a growing popular demand for more inclusive growth in the region. In this connection, Korea, which has managed to combine rapid economic growth and moderate inequality levels, offers potentially valuable lessons for developing Asia. The central objective of our paper is to analyze the relationship between growth policy and inequality in Korea in order to identify relevant policy implications for developing Asia. According to our analysis, the one policy that stands out as a driver of both rapid economic growth and more equal income distribution is large and systematic investments in public education. The broader positive lesson from the Korean experience is that growth and inequality do not necessarily go hand in hand, and government policy can make a difference.


Search ERIA.org

Latest Multimedia

Indonesias ASEAN Chairmanship 2023 High-Level Policy Dialogue: ASEAN Digital Community 2045

ERIA Knowledge Lab Discusses Scaling Up Innovation and Digital Technology Ecosystem

Is ASEAN Ready for Electric Vehicles? | ASEAN Insights Podcast

Latest Articles

Blue Economy, ASEAN
30 November 2023
Editor(s)/Author(s): Intan Murnira Ramli, Tomy Waskitho
The Blue Economy has emerged as a compelling strategy for safeguarding inland water and ocean resources while[...]
Energy, Infrastructure, Innovation and Technology, Electrified Vehicle, East Asia Summit
29 November 2023
Editor(s)/Author(s): Shinichirou Morimoto, Shabbir Gheewala, Nuwong Chollacoop, Venkatachalam Anbumozhi
The broader adoption of non-fossil fuel vehicles, such as those running on biofuels and electric power, is[...]