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| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | The Republic of Korea’s rapid rise from a mainly agricultural nation and food-aid recipient to one of the fastest-growing OECD economies is inspirational. This chapter explores the factors behind this transition, focusing in on the role of rural development policy from the 1950s onwards. Of particular interest is the national programme for rural development known as Saemaul Undong, or new village movement, which used incentives and competition to encourage villagers to improve their communities. Korea’s fast and successful industrialisation process involved large-scale migration from rural to urban areas, as well as an increasing rural-urban income gap. Saemaul Undong acted as a buffer during this transformation, redistributing wealth through subsidies for agriculture, increasing agricultural productivity, and providing infrastructure in rural areas. While Korea’s set up is unique, there are specific components of its rural development approach that could offer inspiration to policy makers in developing countries. These include: (1) early establishment of the preconditions required for rural development and rapid industrialisation (low socio-economic disparities, strong human and social capital and effective rural institutions); (2) multi-sectoral approaches and effective governance; and (3) sequential policy implementation enhanced through incentives and monitoring. |
| Page Count | 37 |
| Starting Page | 95 |
| Ending Page | 131 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2016-04-01 |
| Access Restriction | Open |
| Subject Keyword | Development Science and Technology Social Issues/Migration/Health |
| Content Type | Text |
| Resource Type | Chapter |
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