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The role of the government in resource allocation : Korea vs Kenya

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Frame of Image T THE ROLE OF THE GOVERNMENT IN RESOURCE ALLOCATION: KOREA VS KENYA
By
Nelson Njue
To a greater extent, the rate of economic growth and the levels of income in a given economy is determined by how the state (public trustee), allocates the available resources. Some states exhibit characteristics of the predatory state (retards development) while others exhibit that of the developmental state (accelerates development). Using secondary data on Korea and Kenya, this paper analyzes how different government regimes from the two countries retarded or facilitated economic growth and development through either an efficient or inefficient resource allocation. The paper analyzes the effects of social-cultural factors such as ethnic diversity, political patronage and rent-seeking behavior in the public resource allocation as key explanatory factors for the low levels of economic growth, disparities in income distribution and poverty in Kenya. On the other hand, Korean regimes established strong institutions necessary for economic growth together with a competent, honest and efficient bureaucracy to administer the economic policy interventions. Therefore, this study sought to explain that, clear-sighted political leadership that consistently placed high priority on economic performance was present in Korea as opposed to many developing countries including Kenya. While Korean policies encouraged income equality and universal economic growth and
i
development through common philosophy of un


Full Text
Title The role of the government in resource allocation
Similar Titles
Sub Title

Korea vs Kenya

Material Type Reports
Author(English)

Njue, Nelson

Publisher

[Seoul]:KDI School of Public Policy and Management

Date 2010
Pages 81
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < General
Holding KDI School of Public Policy and Management

Abstract

To a greater extent, the rate of economic growth and the levels of income in a given economy is determined by how the state (public trustee), allocates the available resources. Some states exhibit characteristics of the predatory state (retards development) while others exhibit that of the developmental state (accelerates development). Using secondary data on
Korea and Kenya, this paper analyzes how different government regimes from the two countries retarded or facilitated economic growth and development through either an efficient or inefficient resource allocation.(The rest is omitted)

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