Pakistan’s Economy: Lessons From South Korea

Quick Summary:

Pakistan could look to South Korea as a blueprint for economic development by emphasizing efforts to nurture the private sector.

The top three chaebols in South Korea spent an average of 8.2 billion euros in 2022 on research and development, ranking the country fifth worldwide in R&D expenditures.

Despite these similarities, the paths of Pakistan and South Korea diverged significantly in economic development.

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Article Details

Author / Journalist: Waqas Shair and Khurram Shahzad

Category: Economy

Markets: United StatesAustraliaBangladeshChinaHong KongIndiaJapanNorth KoreaSouth KoreaPakistanVietnam

Topics: Korea Global Economy Innovation Chaebols Pakistan Korea’s Pakistan’s Economic Development South

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-20 @ 00:10:00 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2288 words

Reading Time: 13 minutes read

Sentences: 121 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 21692217

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About The Diplomat

Main Topics: Economy

Official Website: thediplomat.com

Update Frequency: 2 posts per day

Year Established: 2001

Headquarters: United States

News Last Updated: 20 hours ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

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