A Final Word: The Future of the Korean Economy

To close this book with a view to looking ahead to Korea’s future, this final section will examine the ever-growing trend of globalization and speculate on its implications for the Korean economy in the early part of the twenty-first century. In particular, we consider the question of how Korea can best adjust to the changing environment brought about by the trend of globalization and what kinds of economic strategies can enhance the opportunity for the Korean economy to continue to prosper in the twenty-first century. In addition, we offer prospects for Korea’s growth in the medium to long term.