1.
by
Kang, David C. (David Chan-oong), 1965-
Call Number
320.95195 22
Publication Date
2002
Summary
"Why has the literature on Asian development not addressed the issue of money politics in Korea? How can we reconcile the view of an efficient developmental state in Korea before 1997 with reports of massive corruption and inefficiency in that same country in 1998 and 1999? Politics is central to the answer. In this book Kang makes two arguments. First, political - not economic - considerations dominated policy making in both Korea and the Philippines. Second, if there is a balance of power among a small and stable set of government and business elites, money politics can actually reduce transaction costs and promote growth. Focusing on the exchange of favors for bribes between state and business, Kang argues that politics drove policy choices, that bureaucrats were not autonomous from political interference in setting policy, and that business and political elites wrestled with each other over who would reap the rents to be had. Even in Korea, corruption was far greater than the conventional wisdom allows - so rampant was corruption that we cannot dismiss it; rather, we need to explain it."--Jacket.
Format:
Electronic Resources
Relevance:
2.9366
by
Chibber, Vivek, 1965-
Call Number
338.095409045 22
Publication Date
2006 2003
Format:
Electronic Resources
Relevance:
0.3066
View Other Search Results
Call Number
338.0951 22
Publication Date
2001
Summary
Economic analysis of the industrial experiences of the newly industrialized economies in Asia is generally lacking in the literature. This study attempts to fill that void by providing an in-depth discussion on the economic impact of the industrial policies of Singapore, Taiwan, and South Korea in the three-and-a-half decades after 1960. Throughout the study, a broad perspective of macroeconomic development is maintained. It is highly critical of the narrow-minded objective of certain governments in maximizing the pace of industrialization at the expense of general economic well-being. A comparative analysis of the industrial experiences of the three economies also shows a diversity of constraints and processes. Singapore relied on multinational corporations, Taiwan on returned engineers, and South Korea on chaebols. There appears to be no Asian formula for industrialization. In Hong Kong, there is an ongoing debate on whether some form of industrial policy should be introduced, in view of the perception that Hong Kong is lagging behind the other economies in terms of technology. Drawing on the experiences of the other economies, the concluding chapter of the book provides an informed and balanced answer to this question.
Format:
Electronic Resources
Relevance:
0.2988
Limit Search Results