The U.S.-South Korea Economic Relationship
In 1979, Deng Xiaoping rose to power in China and began the process of economic modernization that has seen China develop into the world’s second-largest economy and become one of the United States’ largest trading partners. As significant as China’s economic development has been, much of what has been achieved in China follows prior economic successes in East Asia by Japan, the Republic of Korea—more commonly known as South Korea—and the other three “Little Dragons”: Hong Kong, Si...
