The role of the political elite in activating the development policies of the Republic of South Korea after the year 2005 in light of economic indicators

Abstract

The study aimed at examining the role of the political elite and its impact on the economic development process in South Korea by studying the development policies adopted by the ruling elite in the Republic of Korea, it seems that the South Korean experience in activating economic development policies has provided lessons for many countries of the world, regardless of their political and economic systems. The ruling political elite, citizens and the private sector enhanced the economic development launch of the Republic of South Korea, and the World Bank estimates that the Republic of Korea is a country with a highly developed business environment, as it occupies the fifth position in the ranking of the Doing Business Report for the year 2020 , This work also highlights the most prominent economic indicators, including gross domestic product, foreign trade and foreign investment and the extent of their contribution to the development of the economy of Southern Korean.