Since the 1960s, nations like South Korea have been a part of the so-called East Asian economic miracle because:

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South Korea and other East Asian nations experienced rapid economic growth due to a combination of factors including high savings rates, greater quantities of physical capital per worker, and rapid improvement in human capital. These nations also invested heavily in education and technology, leading to significant improvements in productivity and economic output. This approach to economic development is often referred to as the East Asian economic miracle.

Since the 1960s, Nations Like South Korea Have Been a Part