韓國工業의 成長率分析 = An Analysis on the Growth Rate of Korean Manufacturing Industry
저자
黃炳晙 (서울大學校商科大學 韓國經濟硏究所)
발행기관
서울大學校商科大學 韓國經濟硏究所(INSTITUTE OF ECONOMIC RESEARCH SEOUL NATIONAL UNIVERSITY)
학술지명
권호사항
발행연도
1965
작성언어
Korean
KDC
320.5
자료형태
학술저널
수록면
1-28(28쪽)
제공처
소장기관
Ⅰ.The Growth antral Structure of Korean Economy
This thesis aims to analyse the growth rate of Korean manufacturing industry It is necessary, however, that we look into the growth rate and structure of national economy of this country before we examine the essential points. The first chapter of this thesis is consisted of the following three sections:
1. Trend of Economic Growth Rate
The rate and trend of Korean economic growth in the past 16 years (1948-64) were analysed here. As you see In Table 1 Korean economy was doubled in scale during this period, and its average economic growth rate per year showed 5.5%. In details. an average growth rate of secondary industry was increased by 14.9% per year. This growth rate of 14.9% is much higher than those of any other industries. On the contrary, primary industry showed the lowest average growth rate of 3.3% per year(see Table 1).
Actually, during the past 20 years of 1945-64, we had had a series of social and political insecurities including the Korean War which lasted three years, and the two political revolutions. As a result, it can be easily understood that the growth of Korean economy in this period could not show a favorable upward trend, and its fluctuations were pretty remarkable.
2. Changes of the Industrial Structure
During the same period, the different growth rate by industry has brought about a considerable changed of the industrial structure. In Table 5 we can see that the proportions of primary, secondary and tertiary industrials to GNP consisted of 46.3%,8.6% and 45.1%, 8.6% and 45.1% in 1948 but those are changed into 31.4%, 22.4%, and 46.2% in 1964. So to speak, as the result of rapid growth in the secondary industry including mining, manufacturing and electric power, the notable improvement of the industrial structure has been realized. This means in brief the industrialization of Korean economy.
Now, focusing our attentions on manufacturing industry, we can point out in Table 6 that its average growth rate par year during 1953-64 amounted to 10.9% twice as high as that of the whole economy. Consequently the proportion of manufacturing industry to GNP was increased from 8.0% in 1953 to 14.3% in 1964 (see Table 7 and 16), and so five dare to say that Korean economy has been strikingly industrialized during the past 10 years.
3. Direction and Problems for the Improvement of Industrial Structure
In spite of such an outstanding improvement of the industrial structure, still the proportion of primary industry including agriculture. forestry and fishery to GNP occupies 31.4%. in 1964 while that of tertiary industry indicates 46.2% in the same year. This means that the structure of Korean industry has not yet emerged out of its traditional backwardness and deformity, Under such a present condition it would be unreasonable and more almost impossible to convert at one time the present industrial structure into a developed country's model which shows the order of the weight to GNP to be tertiary industry. secondary industry and then primary industry. Therefore, I would like to say the reasonability should be insisted that for the time being the readjustment of the industrial structure in Korea will be made on the basis of such an order as the proportion of primary industry to GNP is highest and that of a secondary industry lowest.
Ⅱ An Analysis on the Growth Rate and its Trend of Korean Manufacturing Industry.
This part is the core of this analysis. I carried out an analysis on the growth rate before 1945, and the trend of Korean manufacturing industry for the period from the liberation of 1945 to 1964, and also for the long period under the Japanese rule before. It is because that Korean manufacturing industry of nowadays is closely related to the structural deformity inherited by Japanese imperialistic rule over this country.
Hence, the growth rate and its trend of manufacturing industry were figured out and examined as follow: (1) for the period about 20 years before the liberation of 1945, (2) for the period since the liberation, particularly from the truce of Korean War in 1953 to 1964, and (3) for the near a half of a century throughout the above two periods.
The analysis on the above three stages is chiefly based on a series of tables as shown in the body of this thesis. And also, at the end of this part. some notes on the industrialization of Korean economy, which has been brought about as the result of rapid growth of manufacturing industry, were added. Lastly we observed that the annual average growth rate of Korean manufacturing industry from the truce of Korean War in 1953 to 1964 was far lower than that of the industry in 1930s when Korea had been ruled by Japan and was as similarly high as in 1920s and that the Proportion of manufacturing industry to GNP which shows the industrialization of national economy almost corresponds to that in 1920s.
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