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Social overhead capital and public enterprise in Korea

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  • Social overhead capital and public enterprise in Korea
  • Han, Seung-Soo
  • Seoul National University


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Title Social overhead capital and public enterprise in Korea
Similar Titles
Material Type Reports
Author(English)

Han, Seung-Soo

Publisher

[Seoul]:Seoul National University

Date 1982
Journal Title; Vol./Issue 사회과학과 정책연구:vol. 4(no. 3)
Pages 26
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Entrepreneurship
Holding Seoul National University

Abstract

The Korean economy has grown very fast for the last two decades since 1962 when the First five Year Economic Development Plan was implemented. There is no denying that the steady growth has been made possible by the thrust and entrepreneurship of the private sector. This aspect needs no further elaboration. In so interpreting, one tends to neglect the role which the public sector has played in general, and the public enterprise in particular in the development and the structural transformation of Korean economy. It is indeed usually believed that the Korean economy, although it entails mixed-economy characteristics, is much more geared towards making use of the capitalistic principle of economic management than in some of developing economies.