The Bank’s relationship with Korea is a true success story. A critical success factor in the partnership was Korea’s openness to drawing macroeconomic and sector policy analysis and advice from other countries, with the support of the Bank. The country has quickly become a "newly industrialized economy," and is now able to transfer its lessons learned from its experience of developing into a knowledge-based economy to other countries. Korea's relationship now with the World Bank is one of collaboration on policies and projects, with the aim to assist and support other countries in the region and elsewhere.

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