Development strategies: Top-Down

Definition: "Top-Down describes a form of development, in which key (economic) decisions are made by the government and do not evolve naturally in the cities and factories" (Hülhorst, Dahlmann 2017)

Task: Watch the youtube documentary and take notes about Korea's economic development after the Korean War.

Tasks:

2. Describe the economic development of South Korea from 1960 to 2013 (M1, M2)

3. Explain the top-down model (M10). Take positive and negative aspects into account.

4. Korea's top-down approach was only possible by dictating economic policy from above. Discuss whether this policy is suitable in a democracy?