The passage shows Park’s mixed of the United State and its intentions. Park was aware of the importance of U.S aid for South Korea’s prosperity and security, but he was critical of U.S. attempts to interfere in South Korean economics and political on the basis of the aid. His own ideational fixation with the drirgiste state, HCI projects and mobilization strategies that grew out of his deep identification with the Japanese ethos and Korean nationalism. However limited, these U.S efforts constrained Park’s political behavior significantly, periodically forcing him to soften, if not lift, repressive measure.
The issue of financial stabilization split the two allies even more. Upon seizing power in 1961, Park his civilian predecessors, tried to pursue expansionary fiscal and monetary policy in order to win public support through the provision of material incentives.
Implement stabilization measures in 1964 paving the way to economic liberalization through the rationalization of South Korea’s interest rates and foreign exchange regime. These began the transition to an export-ted growth strategy.
However, it is important to emphasize the Park determined how these institutional legacies of U.S assistance actually affected economic development.