Economic growth in 2014 was 3.3% (compare to an average 1.7% in OECD countries). A combination of intensive investments in infrastructure and human skills and of the rapid and pervasive application of information and communication technology (ICT) on productive sectors has been extraordinarily effective in growing the economy at impressive rates. Since the modernisation of the Korean economy, the shares of urbanisation and industrialisation have been closely correlated (Figure 1.1).