Beneficial demographic dividend: South korea

demographic dividend

It is the growth of an economy due to a change in the demographic structure of a country usually decrease of dependacy ratio

When did South Korea have it’s demographic dividend

between 1960 and 1990 → fall in fertility, improvemnet in healthcare and economic industrialization

Causes: Fall in fertility rate

The government implemented various policies, improved access to contraceptives while also promoting familly planning programs

fertility fell from 5.2 in 1950 to 2.9 in 1975 to 1.2 in 2005

This meant fewer children to take care of: households and government could invest in education, healthcare and investments

Causes: Government investment in education

The Korean government strategically invested in education.

today 71% of the korean population has completed thertiary education one of the higest rates in the world

Causes: the increased woman participation in workforce

In 1960, only 34% of Korean women worked; by the year 2000, 50% of women were working

Impacts: Economic growth

6.7% anual growth of GDP

Shift from farming and fishing

development of export industries: cars, electronics, steel, ships