After the foundation of Nation, 1948, Korea has continuously driven the mercantilism-based economic policy and then, in 1990s, received the neoliberalism 10 years later than the advanced countries, but experienced the failure of government and market, while there has been gaps between the policy and the legal system in Korea.
Even though the legal order prescribe the economic order, if both orders should not be harmonized each other; unjustice and inefficiency will increase and the economic order will be apt to escaped from the legal order, which is going to hinder economic development.
Though the Constitution of Korea adopted the liberalism in 1962, economy in 1960s and 1970s weared on the character of deep intervention in to market by the government with assistance of legal statutes. (The rest omitted)
한국의 법과 경제발전(Law and economic development in Korea)
법질서의 경제적 함의와 가치확립 방안1
[Sejong] : 한국법제연구원
|Series Title; No||경제, 인문사회연구회 협동연구총서 / 10-24-01|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < Economic Administration
Government and Law < Laws and Legislation