The first five-year plan was clearly successful in generating much more rapid economic growth. However, there were many economic problems to resolve: (i) the failure of the policy of low rice prices to create Korean self-suf-ficiency in food production; (ii) the failure to mobilize domestic savings which resulted in a shortfall in investment financing requirements, (iii) the failure to raise sufficient tax revenue, and (iv) the deepening of the unequal income distribution because of the low wage policy and inflation.