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Economy

The role and effects of efficacy in socioeconomic development and foreign direct investment

: A comparative study of South Korea and Singapore
  • The role and effects of efficacy in socioeconomic development and foreign direct investment
  • Rautakivi, Tuomo
  • [Abingdon, U.K.] : Taylor & Francis Group
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Title The role and effects of efficacy in socioeconomic development and foreign direct investment
Subtitle A comparative study of South Korea and Singapore
Author Rautakivi, Tuomo
Publisher [Abingdon, U.K.] : Taylor & Francis Group
Publication Date 2014 - 09
Material Type Article
Country Singapore
South Korea
Holding Macrothink Institute
Language English License
Pages 17

Abstract

There is a sizable amount of research and explanation concerning the rapid and sustainable development of newly industrialised countries (NIC) in Asia. This article seeks to create a deeper understanding of the relationships between the governmental sector, the economic sector, and the social sector in the Asian political arena. As such, it will explain how policies pursued in selected countries could have impacted the economies of the so-called ‘tiger’ or ‘dragon’ countries. In addition, the study will show how governmental efficacy is connected with socioeconomic development by means of comparing, as exemplars, South Korea and Singapore, in the period 1960–2007. The investigated period experienced heightened socioeconomic development in South Korea and Singapore. (The rest omitted)

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