From An Economic Perspective, Lessons the Kurdistan Region Can Learn from South Korea?

توێژەران

  • Ramyar Ismael Jamal Department of International Relations, College of Law, Knowledge University, Erbil, Kurdistan Region, Iraq

##semicolon##

https://doi.org/10.25212/lfu.qzj.7.3.37

##semicolon##

The Kurdistan region, Economy, South Korea, Agriculture, Industrialization, Oil

پوختە

This article discusses the lessons that the Kurdistan region can learn from South Korea from an economic perspective. The Kurdistan region of Iraq had gone through numerous economic obstacles and is still going through. The region like the rest of Iraq largely depends on oil revenues. It is yet to effectively take the advantage of other economic resources such as industrialization, agriculture and tourism. It has plans to utilize industrial and agricultural sources but not real steps have been taken. There are still tens of thousands of unemployed young graduates, lack of sounding administrative structure, and promotion of employees have stopped for few years. This article reveals the steps South Korea had taken to improve its economy from Education, Industrial and Agricultural points of view. Compare and contrasts are shown in the literature review part between the Kurdistan region and South Korea. Findings in the article include the Kurdistan region to boost its human capital, take the advantage of technology, avoid having oil as a single economic resource, and utilize its agricultural sector as well as industrialization. It is recommended for researchers interested in the area to conduct inquiry on what type of industrialization should the Kurdistan region engage in, and what agricultural products its territory is ready for.

##plugins.generic.usageStats.downloads##

##plugins.generic.usageStats.noStats##

سەرچاوەکان

Adams, C., Kavanagh, M. and Solomon, E. (2015) Kurdistan cash squeeze tests western oil groups, Financial Times. Available at: https://www.ft.com/content/0cc26014-1674-11e5-b07f-00144feabdc0?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F0cc26014-1674-11e5-b07f-00144feabdc0.html%3Fsiteedition%3Dintl&_i_referer=&classification=conditional_standard&iab=barrier-app&siteedition= (Accessed: 12 August 2021).

Emily Rauhala (2012) South Korea: One of the World’s Great Success Stories Heads to the Polls. Available at: https://world.time.com/2012/12/06/is-south-korea-the-greatest-success-story-of-the-last-century/ (Accessed: 6 December 2012).

Frank, C. R., Kim, K. S. and Westphal, L. E. (1975) ‘Economic Growth in South Korea since World War II’, Foreign Trade Regimes and Economic Development: South Korea, I, pp. 6–24. Available at: http://www.nber.org/chapters/c4063.

Heywood, L.-M. (no date) Why Did South Korea Grow Rich, c.1960–1985? Available at: https://www.e-ir.info/2013/03/16/why-did-south-korea-grow-rich-c-1960-1985/ (Accessed: 12 December 2021).

No Title (no date) Gali Kurdistan. Available at: https://www.gksat.tv/BabetiLekchu.aspx?Babet=Aburi&Nawnishan=ئابوری (Accessed: 12 April 2021).

Press, C. (1966) ‘Economic Development in South Korea : Prospects and Problems Author ( s ): Princeton N . Lyman Published by : University of California Press Stable URL : https://www.jstor.org/stable/2642332’, 6(7), pp. 381–388.

South Korea: Economy (2020). Available at: https://globaledge.msu.edu/countries/south-korea/economy (Accessed: 10 May 2016).

Stiglitz, J. E. (1996) ‘SOME LESSONS FROM THE EAST’, 11(2).

Strachan, M. (2017) Six Emerging Economies Will Account For Over Half Of Economic Growth By 2025, World Bank Says. Available at: https://www.huffpost.com/entry/us-dollar-dominance-world-bank-currency_n_863248 (Accessed: 22 January 2022).

Strategy, N. S. (2016) ‘SOUTH KOREA ’ S ECONOMIC DEVELOPMENT AND THE EVOLVING ROLE OF THE GOVERNMENT : ENERGY AND WATER Author ( s ): Yearn Hong Choi Source : The Journal of East Asian Affairs , Vol . 25 , No . 1 ( Spring / Summer 2011 ), pp . 115- Published by : Institute for N’, 25(1), pp. 115–136. Available at: https://www.nber.org/books-and-chapters/foreign-trade-regimes-and-economic-development-south-korea/economic-growth-south-korea-world-war-ii.

Tribune, E. of K. (2014) Education in Kurdistan: A Lost Cause? Available at: https://kurdistantribune.com/education-kurdistan-lost-cause/ (Accessed: 12 December 2021).

Viswanathan, B. (no date) How did South Korea become a developed nation? - Quora. Available at: https://www.quora.com/How-did-South-Korea-become-a-developed-nation (Accessed: 12 January 2022).

##submission.downloads##

بڵاو کرایەوە

2022-09-30

ژمارە

بەش

Articles