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dc.contributor.authorKwon, Ohen_US
dc.contributor.editorMyungsoon Shinen_US
dc.date.accessioned2017-04-24T10:16:46Z
dc.date.available2017-04-24T10:16:46Z
dc.date.issued2010en_US
dc.date.modified2010-10-13T10:03:56Z
dc.identifier.issn00233919en_US
dc.identifier.urihttp://hdl.handle.net/10072/34596
dc.description.abstractThis paper assesses the impacts of the political system on economic development in Korea over the last four decades with a focus on the Lee Myung-bak government. A set of assessment criteria have been developed including: the establishment of proper institutions to minimise transaction costs, secure property rights and promote competition; and the implementation of national economic policy with encompassing interests, decisiveness, consistency, credibility, and a long-term orientation. Compared with the authoritarian regimes, none of the Kim Young-sam, Kim Dae-jung and Roh Moohyun governments was successful in meeting these criteria due to a lack of democratic leadership, the low level of democratic consolidation and an immature civil society. The Lee Myung-bak government has also exposed a lack of democratic leadership. A number of election pledges have been abandoned and controversial projects have been introduced, thereby damaging policy decisiveness, consistency, credibility and the quality of encompassing interests. All this indicates that the political system is important for economic development - not a matter of ceteris paribus.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherInstitute of Korean Studiesen_US
dc.publisher.placeKorea, Republic ofen_US
dc.publisher.urihttp://www.akes.or.kr/eng/papers(2010)/4.full.pdfen_AU
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom189en_US
dc.relation.ispartofpageto220en_US
dc.relation.ispartofissue2en_US
dc.relation.ispartofjournalKorea Observeren_US
dc.relation.ispartofvolume41en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchEconomic Development and Growthen_US
dc.subject.fieldofresearchcode140202en_US
dc.titleImpacts of the Korean Political System on Its Economic Development: With a Focus on the Lee Myung-bak Governmenten_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of International Business and Asian Studiesen_US
gro.date.issued2010
gro.hasfulltextNo Full Text


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