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State intervention in Korea was successful in delivering high rates of growth and industrialization, as well as both import substitution and export promotion. Other LDCs
State intervention in Korea was successful in delivering high rates of growth and industrialization, as well as both import substitution and export promotion. Other LDCs should be easily able to replicate Korea's achievement. Discuss by describing Korea's trade and industrialization policies and linking it to considerations related to the interaction between markets and states, technical constraints, and political economy pitfalls
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