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.




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?