ชื่อจริง

ชื่อจริง

ผลลัพธ์ (อังกฤษ) 1:

The real name.

ผลลัพธ์ (อังกฤษ) 2:

First name

ผลลัพธ์ (อังกฤษ) 3:

3.4 Assessment of Economic Performance.The planned average annual growth rate was 7.1% with a, 40.7% increase in GNP by the end of 1966. This would have amounted. To 326.9 billion won (at 1961 constant prices) by 1966. Surprisingly however the actual,, annual economic growth rate was 7.8%. Per. Capital GNP rose by 40.8% from US $87 in 1960 to US $122.5 in 1966. The rate of growth substantially exceeded planned targets. Even though these had been considered to be too optimistic by U.S. Advisors and the Korean experts. The economic modernization. Had taken its first steps successfully During the first five-year plan the government, undertook various policy reforms. Which led to higher economic growth. The 1964 devaluation significantly improved Korea 's external competitiveness and the. Balance of payments. (I) The interest rate reform of 1965 contributed to not only the transfer from the unorganized money. Market person - Al, consumption or investment in real assets but also to the active introduction of, foreign capital mobilization. Of domestic resources and Curbing of inflation as a result. (III) A higher coverage of government expenditures could be. Met by increased tax revenues a a result of the tax reforms. In particular the establishment, of National Tax Service in 1966 made. A great contribution to increase tax revenue and public saving. And overall better price, stabilization helped create the. Conditions for an export boom. The government also recognized the need for policies to pro - mote exports and a, variety. Of policy incentive measures for export promotion were introduced from the mid-1960s. The first five-year plan was clearly. Generating much more rapid economic with However there were, many economic problems to resolve: the failure of the policy. Low rice prices to create Korean self-sufficiency in food production; (II) the failure to mobilize domestic savings which. Resulted in a shortfall in investment financing requirements, (III) the failure to raise sufficient, tax revenue and (IV). The deepening of the unequal income distribution because of the low wage policy and inflation. Consequently investment,, Was inevitably financed by fiscal investment loans and, for capital inflow resulting in, rapid inflation and rising debt. Service payments although these did lead to a series of reform measures: (I) a massive currency devaluation in 1964 tax. Reform in 1966-1967.