Professional Documents
Culture Documents
6th
1st
5th
1st
1st
43%
45%
Employment Structure
Primary
28%
Primary
Secondary
Tertiary
Secondary
9%
63%
12%
* based on GDP
Tertiary
Agricultural development or
Industrial development ?
<factors of consideration>
rapid absorption of unemployment(absolute poverty)
long-term sustainability
Industrialization
Disadvantages:
lack of domestic capital
narrow domestic market
scarcity of resources
Advantages:
abundant supply of labor(massive unemployment)
highly educated manpower(high rate of college enrollment)
<Factor of consideration>
domestic market or global market ?
capital intensive or labor intensive ?
Export-led industrialization
Providing incentives
Tax benefits
Funding at low interest rate
Undervalued exchange rate
Administrative support
Industrial structure
1962
1972
43%
45%
27%
Primary
Secondary
Tertiary
Secondary
51%
Tertiary
22%
12%
Primary
Industrial structure
1972
2011
3%
27%
30%
Primary
Secondary
51%
Tertiary
22%
Primary
Secondary
67%
Tertiary
Trade structure
1972
2011
3%
40%
60%
Light
Light
Industry
Industry
Heavy
Heavy
Industry
Industry
97%