747 Plan

The 747 Plan is the political buzzword for the economic goals of the administration of South Korean president Lee Myung-bak. [ cite news
last= Feffer
first= John
url= http://www.koreatimes.co.kr/www/news/nation/2008/01/116_16889.html
title= Elect A Green Bulldozer?
publisher= The Korea Times
date= 2008-01-08 ]

The plan named after the Boeing 747 and pledges to achieve 7 percent economic growth, increase in the GDP per capita income to $40,000, and to make the nation the 7th largest economy in the world. [ cite web
url= http://www.sejongsocietydc.org/biography_wk7
title= Lee Myung-Bak (이명박)
publisher= Sejong Society of Washington, D.C
date= ]

Kang Man-Soo, the Minister of Strategy and Finance, is credited with the creation and design of the plan. [ http://english.mosf.go.kr/about/dpm/dpm2.php ]

At the beginning of his presidency, South Korea was not among the ten largest economies and had per capita GDP of less than $20,000. The plan has been called "audaciously ambitious," [ cite news
last= Jackson
first= Van
url= http://www.atimes.com/atimes/Korea/IL21Dg01.html
title=Promises undermine democracy in Korea
publisher=Asia Times
date= 2007-12-21 ] and national competitiveness committee co-chair David Eldon warned Korean citizens to compare Korea's economic growth to other developed economies during Mr Lee's administration rather than focus on the stated goal of 7%.Fact|date=March 2008

References

ee also

*Economy of South Korea
*Grand Korean Waterway
*MB Doctrine