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Korea's new village movement : Success factors and implications on development economics

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Frame of Image factor of the NVM: Government-led discrimination policy of providing exclusive support to self-helping villages 5. Success principle of the NVM faded away and restructuring in the agricultural sector delayed 6. Implications on the economic development theory and policy of the NVM 7. Summary and concluding remarks 1 Abstract This paper attempts to identify the success factors of Korea’s New Village Movement (NVM) and discover the Movement’s policy implications for developing countries and many stagnant economies around the world. It highlights that the government’s strong adherence to the economic discrimination principle of “rewarding high performance and penalizing low performance,” which is in fact none other than the basic function of the market, was what fundamentally led the NVM to success. The study draws upon detailed historical and personal accounts about how the NVM was implemented and what kind of decisions former President Park Chung-hee had made as a leader, showing how the NVM was faithful to the economic discrimination principle. The argument becomes more convincing as the NVM is compared with the fruitless agricultural restructuring policy, which gave in to political populism and ended up compensating low performance, going against the economic discrimination principle. This paper concludes by stating the main implications of the NVM, which is that any public policies such as development or social policies should comply with the economic discrimination princip


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Title Korea's new village movement
Similar Titles
Sub Title

Success factors and implications on development economics
Material Type Report
Author(English)

Jwa, Sung-Hee

Publisher

[Seoul] : KDI School of Public Policy and Management
Date 2015-01
Pages 39
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Territorial Development < National Land Development
Holding KDI School
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