related briefing rooms - offer an indepth discussion synthesizing ERS research South Korea featureStructural Change and Agricultural Protection: Costs of Korean Agricultural Policy, 1975 and 1990 provides an overview of South Korea's agricultural policy goals and outcomes in a period of rapid economic development. Protection of agriculture skewed farmers' choices of crops and tended to retain labor in agriculture (and out of manufacturing and services), resulting in misallocation of resources. Despite the sharp decline of agriculture's importance in Korea's general economy, high import barriers continued, incurring greater costs to the economy in 1990 than in 1975. web administration: webadmin@ers.usda.govupdated: April 24, 2002
web administration: webadmin@ers.usda.govupdated: April 24, 2002
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