The purpose of this study is to address the orientation of the regulatory reform in Korea under the economy globalization. This study assumes that
the economy growth will be influenced by the interaction of regulatory regimes and social institution. The social institutions of each country are
characterized on the two dimensions: the centralization of public management (safety, law and order, public administration, intervention and strategy, contract protection, social cohesion) and the decentralization of market (political system, market autonomy, international opening).
First, Korea whose public management is decentralized and market is centralized needs to deregulate the product market because the regulation of the product market is institutionally complemented by the centralization of public management and the deregulation of market.
Second, the regulation of the banking market tends to be institutionally complemented by the decentralized market. Therefore, the combination of the status quo of the banking regulation and the reinforcement of the market decentralization will induce the high growth of economy in Korea.
Third, the regulation of the labor market is institutionally complementedby the centralization of the public management. The combination of the reinforcement of centralization of public management and the status quo of the employment protection will positively influence economy growth in Korea.
Fourth, the regulation of the service market tends to be institutionally complemented by the centralization of public management. The combination of the reinforcement of the centralization of the public management and decentralization of service market will be conducive to economy growth in Korea.
개방시대에 대응하는 규제체계 개선에 관한 비교연구
|Series Title; No||KIPA 연구보고서 / 2008-01|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Government and Law < Public Administration|