Mirror, Reflection, and Prospect: South Korea's Integration into Economic Globalization—Process, Experiences, and Implications for China

From the 1960s to the present, South Korea has risen from the ashes of war, rapidly and comprehensively undergoing a modernization process that transitioned from an agrarian economy to one led by light industry, then heavy and chemical industries, followed by the tertiary sector, and finally a knowledge-based economy. This trajectory mirrors the path China is currently on and will continue to pursue. A key factor in South Korea’s successful economic and national transformation has been its adept utilization of opportunities afforded by economic globalization. Its valuable experiences offer important lessons for China.