IESET.
Movements·park_chung_hee_industrial_policy_1961_1979

Park Chung-hee heavy-industrial drive (South Korea)

KOR·19611979·Military-civilian authoritarian regime under Park
Leaders: Park Chung-hee (President) · Economic Planning Board bureaucracy
positionsdevelopmentalismchicago_monetarism

Doctrine — stated goals and content

State-directed export-oriented industrialisation with explicit sectoral targeting (steel, shipbuilding, electronics, petrochemicals), Heavy & Chemical Industry Drive from 1973. Directed credit via state banks to chaebol conglomerates conditional on export performance. Rapid land reform, universal education investment, labour repression. Outcome: ~8-10% annualised GDP growth 1962-1979; transformed agrarian economy to industrial one within a generation. Canonical developmentalist- state success case (Amsden, Chang), contested on attribution between policy and sequencing.

Policy-content fingerprint — how the framework codes this movement on its axes

sectoral licensing
regulatory.sectoral_licensing
Sector-specific licensing regimes, concentration / quota allocation, state-controlled entry (energy, telecoms, healthcare, banking).
increased · strong
tighter sectoral licensing / more state gating
Explicit government direction of investment sectoral allocation.
sectoral subsidy
fiscal.sectoral_subsidy
Targeted industrial and sectoral subsidies (renewable energy, chip manufacturing, agriculture, green hydrogen, etc).
increased · strong
expanded sectoral subsidies
~
trade openness
regulatory.trade_openness
Trade policy openness — tariffs, non-tariff barriers, FTAs, industrial protection.
mixed
Import-protection on some sectors + export subsidies; tariff reduction on inputs to export sectors.
rule of law
institutional.rule_of_law
Rule of law as institutional substrate — contract enforcement, judicial independence, equal treatment before the law. Upstream of most other axes.
decreased · moderate
weaker rule of law
Authoritarian regime with suppression of labour and political dissent.

Policies enacted

What the data says — linked outcome hypotheses

The movement's outcome claims are tied to these hypotheses. Verdicts update as models run.

not yet written
developmentalist_state_growth_performance

Schools of thought aligned or opposed

opposed
chicago_monetarism
Pejoratively cited as government failure in orthodox critique, but outcomes contradict the prediction.

References

Notes

Pre-1996 sample extension; hypothesis-level run would need Maddison + PWT data.