This thesis explains what the economy development plans enacted in the 1950s under the Rhee administration were in detail and why these policies could not work. There are three reasons to explain that these policies couldn`t work. First, there was lac...
This thesis explains what the economy development plans enacted in the 1950s under the Rhee administration were in detail and why these policies could not work. There are three reasons to explain that these policies couldn`t work. First, there was lack of ability enough to enact and execute proper policies for economy development. Most policies, for example, were unrealistic at the very beginning time of enacting. Second, there was lack of Rhee administration`s will for execution. Above all, the president Rhee didn`t have strong desire to execute this plan. He focused on inducing foreign investment for maintaining stable government. Finally, there was not enough financial resource for the plan by reducing assistance from United States, which Korea government had hugely depended on. Likewise, considering the domestic and international situation in the 1950s, the reason that the economic development plans didn`t work can be boiled down to the disharmony among 3 elements: Lee administration`s ability, his will and U. S. assistance policy.