earticle

영어

This paper examines the causal relationship between foreign policy and industrialization of South Korea in 1970s. The result shows that for the late-industrializing countries need foreign policy intervention to develop industrialization due to the external constrain. South Korean foreign policy change to Saudi Arabia after the first oil shock in 1973 presented that the change was consolidated more by external constrain rather than internal domestic energy dependent situation. During the Cold war foreign policy of allied small states of two superpowers were hard to implement its interest both in political and economic sense. South Korean foreign policy shift to pro- Israeli to pro-Arab is specific in its independent behavior in limited environment under the powers. This shift was one of the South Korean independent foreign policy achievements to support the economy by making political step against the interest of United States. Without making foreign policy change and foreign policy backup for national companies, South Korean export-oriented industrialization strategy was difficult to sustain. Special emphasis goes to preconditions: external constrains and resources that requires foreign policy intervention. Why foreign policy role is increasing to develop industrialization for the late industrializing countries? Next question of the section is how does the foreign policy connect to economic development and energy?