A development model for Bangladesh based on South Korea's socio-economic transformation is about the way of improving socio economic condition and based on that how Bangladesh can improve it's condition. The economic performance and growth of South Korea as a Newly Industrialized Country is appreciated by international scholars and policy makers and set this country as a model worldwide. Historically South Korea had an agriculture-based economy in the 1960s. Factors that are said to be the fuel behind South Korea’s Economic Success are the structural transformation and policies. Structural transformation to policy reforms aimed at opening the country to foreign markets. Indeed, the export-oriented policies of South Korea are one of the most important factors of its success: South Korea is now one of the top 10 exporters in the world, and its exports as a percentage of GDP increased from 25.9 percent in 1995 to 56.3 percent in 2012. Many factors have contributed to this success: the largely positive international trade environment, a good relationship with the United States, the hard work and savings-oriented aspects of its neo-Confucian culture, and a political and social commitment to economic progress. However, many other countries whose external environment and internal resources were equal or superior to those in South Korea have not performed nearly as well. Government policy has played a key initiating and supporting role. Two additional factors have contributed to the increase in international trade and industrialization in South Korea  An improvement in the business environment  Policies incentivizing investment in innovation Industrialization: 1960s- 1) Develop import-substitute 2) Expand export-oriented 3) Support producer goods 1970s-1) Expand heavy & chemical industries 2) Shift emphasis from 3) Strengthen export- 1980s- 1) Transform industrial 2) Expand technology 3) Encourage manpower Science and Technology: 1960-1) Strengthen S & T industries education 2) Build scientific and light industries technological infrastructure,3) Promote foreign industries technology import 1970s-1) Expand technical training, 2) Improve institutional capital import to mechanism for adapting technology import imported technology,3) Promote research-oriented industry applicable to industrial competitiveness needs 1980s-1) Develop and recruit high structure on the basis of level scientists and comparative advantage engineers, 2) Promote productivity of intensive industry R & D, 3) Localize key strategic development and improve technology productivity of industries. The factors that many sociologists think that may they were behind the social change of South Korea includes many things, as- • Changing conservative family values • Gender equality and roles • Urbanization • Rapid development of Modern education • Industrial revolution • Growth of communication media • Increase in Transportation and infrastructure • the emergence of the middle class

1. A Development Model for Bangladesh Based on South Korea’s
Socio-Economic Transformation
Course Title: Area Studies for Development Studies
Course No.: DS 3109

2. Student ID Name
182115 Abu Taher
182119 Nymul Islam
182121 Sumi Khatun
182122 Fariha Nishat Rifa
182128 Syed Mohlail Iham
182133 Shamsur Rahman Saikat
182138 Maskura Janate Mim
182140 Mahmuda Akter Jui
Group Members:

3. SOUTH KOREA

4. THIS
TO
THIS

6. FACTORS CONTRIBUTING SOUTH KOREA’S
SOCIAL CONDITION
Changing conservative family values
Gender equality and roles
Urbanization
Rapid development of Modern
education
Industrial revolution
Growth of communication media
Increase in Transportation and
infrastructure
the emergence of the middle class

7. largely positive international
trade environment
good relationship with the
United States
hard work and savings-oriented
aspects of its neo-Confucian
culture
political and social commitment
to economic progress
Government policy

8. Period Industrialization Science And Technology
1960 1) Develop import-substitute
2) Expand export-oriented
3) Support producer goods
1) Strengthen S & T industries education
2) Build scientific and light industries technological
infrastructure,
3) Promote foreign industries technology import
1970 1) Expand heavy & chemical
industries
2) Shift emphasis from
3) Strengthen export
1) Expand technical training,
2) Improve institutional capital import to
mechanism for adapting technology import
imported technology,
3) Promote research oriented industry applicable
to industrial competitiveness needs
1980 1) Transform industrial
2) Expand technology
3) Encourage manpower
1) Develop and recruit high structure on the basis
of level scientists and comparative advantage
engineers,
2) Promote productivity of intensive industry R &
D,
3) Localize key strategic development and improve
technology productivity of industries.

9. Korea’s EconomicCooperationwithLDCs
Development Assistance
Source: OECD, 2012

10. • Despite having duty-free market access for Bangladeshi
products in the Korean market, Bangladesh has yet to
enhance its export to Korea
• Major Imported products from Korea include
machineries, iron steel, telephones, automobiles,
machineries for air-conditioning system, knitting
machines, electroplates
• Korea has impressive investment record in Bangladesh.
Korea is the major investor among the East Asian countries
• Over 31000 Bangladeshis are currently working in Korea.
• Major Korean investment target to different
manufacturing industries including textiles, leather goods
and banking.

11. • Firstly, by enjoying the benefit at par with those of other
South East Asian countries.
• Secondly, it would be better competitive over those of
other supplying countries currently providing same or
higher level of tariff vis-à-vis those of Bangladeshi product.
• The unit value of different exporting countries shows
that Bangladeshi product is not necessarily the most
competitive one in the Korean market.
• Hence reduction of tariff in other competing products as
well as reduction of local content requirement under a
possible FTA between Bangladesh and Korea would
favorably contribute to Bangladesh’s export to selected
categories of products.

12. we have drawn a model (Integrated Sustainable Socio- Economic
Development Model or ISSEDM) linking all the agents to major development
issues in Bangladesh:
1.Agriculture 2.Export 3.Remittance
Major
Issues
of
ISSEDM
1.Structural change in GDP and Employment
2.Curtailment of poverty
3.Soft skill Development (Education, Health, Human Capital)
4.Uplift of Agriculture and Food production
5.Improved manufacture and industries
6.Externalization of Bangladesh Economy
7.Authorized Women and Poor
8.Penetration to Finance and Financial Inclusion
9.Hard Infrastructure Development
10.Population control and gender equalities
11.Compitible Urbanization
12.Balanced use of Natural Resources (water, natural gas, coal)
13. GO-NGOs Partnership
14.Ict and Technology
Major Sector of ISSEDM

13. Influencing Factors
Delegates
NGOs All People
Private
Sector
Government

14. Thank You!