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Institutional reform in Japan and Korea : Why the difference

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Frame of Image he author wishes to thank Magnus Blomström, Lonny Carlile, Sun-Ki Chai, Young Back Choi, Sumner La Croix, Keun Lee, and James Mak and participants in the conference on “Institutional Change in Japan: Why It Happens, Why It Doesn’t,” January 5-6, 2003 for their comments on an earlier version of the paper.
The reality of a political-economic system is never known to anyone, but humans do construct elaborate beliefs about the nature of that reality—beliefs that are both a positive model of the way the system works and a normative model of how it should work.
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Douglass C. North (1999, p.10)
The theorists of “the end of ideology” and “the end of history” forget all this. For them, we have reached the point in time where no ideology is relevant and no utopia is pertinent. We have reached the final equilibrium of capitalist liberal democracy, and no learning or discovery [are] possible. Geoffrey M. Hodgson (1999, p.9)
1. Introduction Why has Japan been unable to carry out economic reforms—reforms that many astute observers of the Japanese political economy now think are needed? The answer commonly offered by many of those observers is that opposition by powerful interest groups has blocked reforms from taking place. For instance, according to Yamazawa (forthcoming), the farmers, construction companies, banks, and small and mediumsized enterprises and the LDP they support have formed an effective coalition against institutional reform. For Sato (2002) it is the “triad of elite burea


Full Text
Title Institutional reform in Japan and Korea
Similar Titles
Sub Title

Why the difference

Material Type Reports
Author(English)

Lee, Chung H.

Publisher

University of Hawaii

Date 2003
Pages 24
Subject Country Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic System
Government and Law < Public Administration