Did S. Korea choose petroleum refining as part of WW2 reconstruction?
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Humorously enough (considering the recent U.S. election), Korea is probably one of the best examples of economic growth via rejecting globalism and classical economics theory (see anything by Ha-Joon Chang). However, President Park, in the 1970s embarked on one of the possibly less successful growth approaches used by the Korean government (clearly in general his strong government-industry coupling and import controls were wildly successful, as the country rapidly moved from poverty-stricken to wealthy), which was the Heavy and Chemical Industrialization Program of 1973. The idea was to support a slew of "heavy industries" (rather loosely defined) to help the overall competitiveness of Korean industry. A good paper on this (a tad on the critical side) is Korea's experience with industrial adjustment in the 1970's. Petroleum refineries were a component of this program.
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